5190 Palma Avenue, Atascadero, CA 93422

Atascadero
Local realty services provided by:Better Homes and Gardens Real Estate Napolitano & Associates
5190 Palma Avenue,Atascadero, CA 93422
$999,999
  • 4 Beds
  • 2 Baths
  • 2,000 sq. ft.
  • Townhouse
  • Active
Listed by: chelsea king, abel contreras
Office: invest slo
MLS#:PI25278792
Source:San Diego MLS via 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 developmentwith 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 Atascaderos 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 citys 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 parcelan increasingly scarce combination in downtown Atascadero. The property currently features a duplex and includes approval for two additional units, allowing for immediate expansion, with active building permits for two additional residences, along with flexible design

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Home facts

  • Year built:1958
  • Listing ID #:PI25278792
  • Added:60 day(s) ago
  • Updated:March 11, 2026 at 02:03 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:2
  • Full bathrooms:2
  • Flooring:Linoleum/Vinyl, Tile
  • Kitchen Description:Gas Oven, Gas Stove
  • Living area:2,000 sq. ft.

Heating and cooling

  • Cooling:Wall/Window
  • Heating:Wall/Gravity

Structure and exterior

  • Roof:Asphalt, Shingle
  • Year built:1958
  • Building area:2,000 sq. ft.
  • Architectural Style:Traditional
  • Construction Materials:Concrete, Stucco
  • 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

  • Appliances:Gas Oven, Gas Stove
  • Laundry features:Gas & Electric Dryer HU
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