2540 Campo Road, Atascadero, California 93422, Atascadero, 93422 - 6 bed, 5 bath
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2540 Campo Road
Atascadero, California 93422
ACTIVE UNDER CONTRACT
CONDITION: FAIR
6Beds
5Baths
2,688Sq Ft
56,628Lot Size
Property Price
LIST PRICE$1,125,000
EST. MARKET VALUE
$1,009,137
11% AboveMARKET VALUE
SUMMARY
This Multi-Unit Residential Asset is a High-Potential Investment Opportunity, listed at $1,125,000—positioned above the $1,009,138 Fair Market Value. While the property requires cosmetic updates given its Condition Rating of 4, the 1.3-acre lot and three distinct dwellings offer significant income-generating potential. The dual water sources and flexible layout provide a unique foundation for value-add improvements. This property is an ideal acquisition for Buy-and-Hold Investors seeking rental versatility or Owner-Occupants looking to offset mortgage costs through multi-generational living or onsite rental income.
Estimated Market Value
$1,009,137
Based on Realkey algorithm analyzing recent comparable sales in Atascadero.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2540 Campo Road Subject | $1,125,000* List Price | 6 | 5 | 2,688 | $375 | - |
A 6155 Conejo Sold | $960,000 | 4 | 3 | 2,733 | $351 | 0.2 mi |
B 3155 El Camino Real Active | $999,000 List Price | 4 | 2 | 1,874 | $533 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
The main house is 29 years old (built 1995) and the guest house is 19 years old. While the property is well-maintained and functional, the interior finishes—including the kitchen's white cabinetry, wood-look countertops, and older appliances—are dated and appear original to the construction era, fitting the criteria for a property over 20 years old needing cosmetic updates.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 56628, living area = 2688.
- Multi-Unit Versatility
The property features three distinct dwellings including a main house, an attached unit, and a detached guest house, offering exceptional flexibility for multi-generational living or immediate rental income potential.
- Expansive Usable Acreage
Situated on 1.3 flat, fully usable acres with a barn and workshop, this lot provides rare space for expansion, agriculture, or recreation in a highly sought-after low-density neighborhood.
CONSRISKS & DEFICIENCIES
- Shared Utility Metering
The property operates on a single electric meter for all units, which complicates utility billing for tenants and may pose challenges for certain traditional financing requirements.
- Compact Living Dimensions
With 6 bedrooms and 5 bathrooms distributed across only 2,688 total square feet, the individual rooms and living areas within the three separate units are likely to feel significantly undersized.
About 2540 Campo Road
Exceptional semi-rural living on approximately 1.3 flat acres in Atascadero's most sought-after low-density neighborhood. This unique property features three distinct dwellings: the 3-bed, 2-bath main house, a one-bed/one-bath attached unit, and a two-bed/two-bath guest house. The main home was built in 1995 and the guest house around 2005. Both homes have a separate entrance and street number. This configuration creates immediate income potential or suits multi-generational living. Additional structures include a large barn and a workshop with loft. The property stands out with flexible utilities. Both the main house and guest house can operate on well water or city water. Septic and propane systems are in place. There is a single electric meter and the guest house has a meter reader to track usage between the main house and guest house. The main house has forced air as well as a secondary pellet stove heating source. The attached ADU has a wood stove. 2540 Campo Rd. is lined with mature shade trees, providing privacy within an established neighborhood of oversized lots. The fully usable lot provides room for expansion, gardens, entertaining or recreation. This is a rare property offering the space, privacy, and income potential that few Atascadero homes deliver—all in a convenient location that truly feels like an escape.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1995
- Lot Size
- 56,628 Sq. Ft.
Interior
- Total Bedrooms
- 6
- Total Bathrooms
- 5 (5 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 3.0 |
| Baths | 5.0 | 2.3 |
| Square foot | 2,688 | 1,967.678 |
| Lot Size | 56,628 | 39,579.077 |
| Price | $1.12M | $856.1K |
| Price per sq ft | $419 | $461 |
| Built year | 1995 | 1989 |
| HOA | $0 | $211 |
| Days on market | 19 | 53 |
Pricing History
Listed for Sale
Aug 21, 2026
$1,125,000
Initial Listing
Sold
Nov 2, 1993
$85,000
Public Record