
Atascadero, California 93422
This Historic Craftsman Residence is a High-Potential Investment Opportunity, listed at $1,095,000—positioned slightly above the $1,033,824 Fair Market Value. While not a discount buy, the property offers significant value through its Licensed Short-Term Rental Studio and Mint Condition Rating. Featuring a Soapstone Kitchen, Refinished Hardwood Floors, and nearly an acre of land, this home provides immediate income potential alongside historic charm. It is an ideal acquisition for Buy-and-Hold Investors seeking supplemental revenue or Owner-Occupants desiring a versatile, move-in ready estate in Atascadero.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3155 El Camino Real Subject | $1,095,000* List Price | 4 | 2 | 1,874 | $552 | - |
A 3325 Arena Road Sold | $865,000 | 3 | 2 | 1,294 | $668 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1918, the property has undergone a high-end, comprehensive renovation that places it in mint condition. The kitchen is updated with premium features including a Wolf range, soapstone countertops, and a farmhouse sink. The interior features refinished hardwood floors, updated lighting, and modern glass doors, while the inclusion of a licensed, turnkey guest studio suggests systems are well-maintained and up to modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 38768, living area = 1874.
As an original 1918 Atascadero Colony home, this property offers rare historic significance paired with thoughtful renovations, including refinished hardwoods, a soapstone kitchen, and a classic wraparound sunporch.
The property features a private, detached guest studio with a kitchenette and bath that is already a licensed short-term rental, providing an immediate opportunity for supplemental income or a home office.
Despite aesthetic renovations, a home built in 1918 may require ongoing maintenance or future upgrades to core systems like plumbing and electrical that are common with century-old structures.
Located on El Camino Real, the property is situated on a main thoroughfare, which may result in higher levels of ambient traffic noise compared to more secluded residential neighborhoods.
Built in 1918, this home is a genuine piece of Atascadero's founding history, one of the original residences constructed during the early years of Atascadero Colony, the utopian planned community founded in 1913 by E.G. Lewis on the former Rancho Atascadero. Now more than 100 years old, the main house has been thoughtfully renovated while preserving its Craftsman era character: refinished hardwood floors, a wood burning stove tucked into a corner nook, a wraparound sunporch, and a kitchen updated with a farmhouse sink, soapstone counters, glass front cabinetry, and a breakfast bar. Four bedrooms, a basement for extra storage, and rich period detail throughout. A private, separate guest studio offers its own entrance, kitchenette, and bath, a true second living space ideal for extended family, a home office, or guests. The studio is a licensed short term rental, offering income potential for the right buyer. The detached two car garage adds even more room to work, store, or create, situated apart from the main house for privacy, along with a separate workshop and storage shed for all the extra space a buyer could want. And then there's the land: nearly an acre of usable, fenced and gated grounds, with mature native trees, a wrought iron garden arbor, brick pathways, sweeping views, and easy access both north and south. House, studio, garage, and grounds each bring something special to this one historic Colony address, a rare chance to own an original piece of Atascadero's founding era with all the flexibility today's buyers want.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,874 | 1,969 |
| Lot Size | 38,768 | 49,110 |
| Price | $1.09M | $865.9K |
| Price per sq ft | $584 | $458 |
| Built year | 1918 | 1980 |
| HOA | $0 | $212 |
| Days on market | 21 | 55 |
Jul 1, 2026
$1,095,000
Initial Listing
Dec 21, 2017
$670,909
Public Record