
Atascadero, California 93422
Analysis of 16255 Walnut, Atascadero, California 93422 is currently available with a list price of $849,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Atascadero Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
The property consists of a 1956 main home and a 1980s barn conversion. While the main home has been refreshed with newer flooring and paint, and features a new septic system (2021), the kitchen and bathrooms remain dated (likely >20 years). The second unit is unpermitted and requires significant renovation, fitting the criteria for a property that is functional but needs updates.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 60984, living area = 2511.
The 1.4-acre parcel is exceptionally flat and fully fenced, providing rare utility for livestock, gardening, or equipment storage in the Atascadero area.
With two separate residences featuring independent utilities and septic systems, the property offers excellent opportunities for rental income or multi-generational living.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2511, other record living area = 895. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.
The second residence is not recognized as a permitted dwelling by the Building Department, which could present challenges for financing and future property use.
The barn conversion requires extensive work and personalization, while the 1956 main home may necessitate additional updates beyond the recent cosmetic improvements.
Rare Garden Farms opportunity on 1.4 completely flat, usable acres with two separate residences. Tucked into the close-knit and highly coveted Garden Farms community between Atascadero and Santa Margarita, this property offers a country feel with easy access to Highway 101 for commuting to San Luis Obispo or Paso Robles. The neighborhood is known for its friendly, connected atmosphere, with regular community gatherings and a genuine sense of place. The property includes a 1956 two-bedroom, two-bath main home and a second two-bedroom, one-and-a-half-bath residence converted from a Dunn barn in the 1980s. Both homes are currently tenant occupied and offer separate utilities, interior laundry and wood-burning stoves. The main home has been more recently maintained with newer flooring and paint, while the barn residence offers an opportunity for renovation and personalization. The barn residence is recognized as a dwelling by the Assessor's Office but is not recognized as a permitted dwelling by the Building Department; buyers are encouraged to conduct their own due diligence regarding use and improvements. The land is the real standout. The entire parcel is essentially flat, a rare find in Atascadero, and offers pasture areas behind both homes, mature trees, established landscaping, and apricot and apple trees. The property is fully fenced and has room for gardens, animals, recreation, or simply enjoying the space. Walnut Street provides the primary access, while additional frontage along El Camino Real provides convenient access to the rear of the property for animals, equipment, or other acreage needs. The two separate septic systems add flexibility, with the main home's septic system replaced in 2021 and the barn home's septic system pumped and inspected at that time. With two existing homes, fully separate utilities, usable acreage, and a location that combines rural character with convenience, this property offers an uncommon opportunity for an investor, contractor, DIY buyer, or house-hacker willing to bring vision and improvements to the residences.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 4.0 | 2.3 |
| Square foot | 2,511 | 1,967.678 |
| Lot Size | 60,984 | 39,579.077 |
| Price | $849.0K | $856.1K |
| Price per sq ft | $338 | $461 |
| Built year | 1956 | 1989 |
| HOA | $0 | $211 |
| Days on market | 20 | 53 |
Aug 20, 2026
$849,000
Initial Listing