2400 El Camino Real, Atascadero, California 93422, Atascadero, 93422 - 1 bed, 1 bath
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Atascadero, California 93422
This Single-Family Residence represents a High-Potential Investment Opportunity, listed at $495,000—positioned above the $446,767 Fair Market Value. While currently priced above the estimated market value, the property’s Grandfathered Commercial Zoning and 2022 structural upgrades, including a New Roof and Dual-Pane Windows, provide significant long-term utility. With a Fair Condition Rating, the interior requires reconfiguration from its current commercial kitchen layout. This asset is ideally suited for Buy-and-Hold Investors or Owner-Occupants seeking a flexible live/work space in a rapidly growing corridor.
Property is moderate renovation needed.
The property is a 1958 build that has received essential structural updates in 2022, including a new roof, dual-pane windows, and a wall heater. However, the interior is currently configured as a commercial cottage food kitchen with prep counters in living areas, requiring reconfiguration for traditional residential use. While functional, the kitchen and bathroom are dated and the overall living space shows signs of age consistent with a well-maintained but unrenovated 60-year-old home.
The property is uniquely grandfathered as a single-family residence within a commercial zone, offering rare flexibility for live/work opportunities or future commercial redevelopment.
Situated in a rapidly expanding corridor near the upcoming Del Rio Marketplace and major retailers, the property is positioned for significant long-term appreciation and high visibility.
Key upgrades completed in 2022, including a new roof, dual-pane windows, and a wall heater, provide immediate value and reduce near-term maintenance expenses for the buyer.
At only 600 square feet, the small living footprint may restrict the buyer pool to individuals or couples, limiting its utility as a traditional family home.
Currently outfitted as a commercial cottage food kitchen, the living and dining areas require investment and labor to transition back into a standard residential layout.
Charming home in one of Atascadero’s fastest-growing corridors. This 600± sq. ft. home on a 6,000± sq. ft. lot is grandfathered in as a single-family residence with commercial zoning, offering unique flexibility. Recent upgrades (2022) include a new roof, dual-pane windows, and wall heater. Currently used as a cottage food kitchen for baking, the living and dining areas are outfitted with prep counters, but can easily transition back to a traditional residence. The kitchen, bath, and yard are fully functional, with room for updating and personalization. This property is ideally located between the Grocery Outlet shopping center and Bay Laurel Nursery, with easy access to Highway 101. Across the nearest intersection, the highly anticipated Del Rio Marketplace is introducing businesses such as Valley Fresh Market and Central Coast Distillery to the neighborhood. Only 2 miles from Downtown Atascadero, this property is an affordable starter, rental, or live/work option with long-term potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 3.0 | 3% |
| Baths | 1.0 | 2.0 | 10% |
| Square foot | 600 | 1,923.5 | 2% |
| Lot Size | 6,000 | 34,835 | 10% |
| Price | $495.0K | $855.0K | 4% |
| Price per sq ft | $825 | $460 | 98% |
| Built year | 1958 | 1986 | 7% |
| HOA | $0 | $0 | 50% |
| Days on market | 275 | 134 | 90% |
May 12, 2026
$495,000
$549,000
-10% Price Drop
Initial Listing
Feb 25, 2026
$549,000
Initial Listing
Sep 4, 2025
$525,000
Initial Listing
Aug 15, 2023
$425,000
Public Record