5190 & 5200 Palma Avenue, Atascadero, CA 93422

Atascadero
Local realty services provided by:Better Homes and Gardens Real Estate Wine Country Group
5190 & 5200 Palma Avenue,Atascadero, CA 93422
$999,999
  • 4 Beds
  • 2 Baths
  • 2,000 sq. ft.
  • Single family
  • Active
Listed by: chelsea king, abel contreras
Office: invest slo805-709-7143
MLS#:PI25278792
Source:CRMLS

Price summary

  • Price:$999,999
  • Price per sq. ft.:$500

About this home

Located at 5190 & 5200 Palma Avenue, “The Palms” presents a rare and highly refined high-density multifamily development—with the opportunity to collect fair market value rents for two units while building two additional units. On a 0.38-acre parcel in the heart of Atascadero’s Downtown District, the property features two attached residential units with two attached garages. It is ideally situated just steps from the historic Sunken Gardens and the Atascadero Administration Building, placing it at the center of the city’s pedestrian-friendly civic core. Zoned RMF-10, with two units and the opportunity to have a total of 4 units, the site offers meaningful future density upside on an efficiently sized, centrally located parcel—an increasingly scarce combination in downtown Atascadero. The property currently features a duplex and includes approval for two additional units, allowing for immediate expansion, with building plans for two additional residences, along with flexible...

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Home facts

  • Year built:1958
  • Listing ID #:PI25278792
  • Added:147 day(s) ago
  • Updated:June 09, 2026 at 10:49 AM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:2
  • Full bathrooms:2
  • Flooring:Tile, Vinyl
  • Kitchen Description:Gas Cooktop, Gas Oven, Range Hood
  • Living area:2,000 sq. ft.

Heating and cooling

  • Cooling:Wall Window Units
  • Heating:Natural Gas, Wall Furnance

Structure and exterior

  • Roof:Asphalt, Shingle
  • Year built:1958
  • Building area:2,000 sq. ft.
  • Lot area:0.38 Acres
  • Lot Features:Rectangular Lot, Street Level
  • Architectural Style:Traditional
  • Construction Materials:Concrete, Stucco
  • Exterior Features:FrontPorch
  • Foundation Description:Raised
  • Levels:1 Story

Utilities

  • Water:Public, Water Connected
  • Sewer:Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$999,999
  • Price per sq. ft.:$500

Features and amenities

  • Amenities:All Bedrooms Down, Attic, Ceiling Fans, Gas Water Heater, Open Floor Plan, Water Heater

Parking

  • Total parking spaces:2
  • Parking description:Concrete, Door-Single, Driveway, Garage, Garage Faces Front, On Site
  • Garage:Yes
  • Garage spaces:2
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