22817 I, Santa Margarita, CA 93453
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
22817 I,Santa Margarita, CA 93453
$749,900
- 5 Beds
- - Baths
- 1,884 sq. ft.
- Mobile / Manufactured
- Coming Soon
Listed by: jessica baker, summer ramos
Office: oaks to ocean real estate805-610-3586
MLS#:NS26217018
Source:CRMLS
Price summary
- Price:$749,900
- Price per sq. ft.:$398.04
About this home
Rare Santa Margarita Opportunity-Two Homes on One Acre. Rarely does an opportunity like this come to market! This versatile property features two separate homes, offering an exceptional combination of rental income, multi-generational living, guest accommodations, or future investment potential. The main residence offers 3 bedrooms and 2 bathrooms across approximately 1,080+/- square feet, along with a detached two-car garage and plenty of usable outdoor space. A separate 1-bedroom plus office, 2-bath 804+/- square foot guest home provides additional flexibility and opportunity.
Both residences are currently tenant occupied, generating a combined $2,375 per month in rental income ($1,350/month for the main home and $1,025/month for the guest home) and boast separately metered utilities, providing immediate income for an investor while preserving the potential to enhance the property's value over time. The approximately one-acre setting offers room to spread out, with potential space for horses and other rural lifestyle uses. Enjoy the charm and community of Santa Margarita while remaining conveniently located near San Luis Obispo, Paso Robles, Atascadero, and the Central Coast. Whether you're looking for an income-producing investment, a property for extended family, or a unique opportunity to own multiple residences on one parcel, this rare Santa Margarita offering deserves a closer look. If you're looking to add even more land and a third home, check out the neighboring property at 22815 I Street, Santa Margarita also being offered for sale at $699,900. MLS#NS26216088. BONUS- The sellers are open to considering seller financing for 5-7 years with 20-30% down at only a 4% interest on at least one of these parcels...
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Home facts
- Year built:2002
- Subdivision & Development:Santa Margarita In Town(70)
- Listing ID #:NS26217018
- Updated:October 08, 2026 at 11:26 AM
Rooms and interior
- Bedrooms:5
- Full bathrooms:4
- Living area:1,884 sq. ft.
Heating and cooling
- Cooling:Central Air
- Central air:Yes
Structure and exterior
- Year built:2002
- Building area:1,884 sq. ft.
- Lot area:1 Acres
- Lot Features:Back Yard, Front Yard, Horse Property
- Levels:1 Story
Utilities
- Water:Public
- Sewer:Septic Tank
Finances and disclosures
- Price:$749,900
- Price per sq. ft.:$398.04
Features and amenities
- Laundry features:Inside
Parking
- Total parking spaces:2
- Parking description:Driveway, Garage
- Garage:Yes
- Garage spaces:2
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- Open Sun, 12 to 2pmNew
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