3750 El Camino Real, Atascadero, California 93422, Atascadero, 93422 - 2 bed, 2 bath
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Atascadero, California 93422
This Value-Add Condominium represents a Prime Investment Opportunity with a List Price of $385,000—positioned well below the $399,096 Fair Market Value by 3%. This valuation gap provides $14,096 in Instant Equity for buyers ready to execute simple cosmetic updates. Featuring a Fair Condition Rating, the unit offers a functional layout with Mountain Views, a Wood-Burning Fireplace, and access to a Community Pool. Located in the Atascadero Unified district, this asset is a strategic acquisition for Buy-and-Hold Investors or first-time buyers seeking to build wealth through sweat equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3750 El Camino Real Subject | $385,000* List Price | 2 | 2 | 1,066 | $374 | - |
A 3750 El Camino Real Active | $412,000 List Price | 2 | 2 | 1,066 | $386 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1984, this property is explicitly described as a 'diamond in the rough' that requires immediate cosmetic updates including new flooring and fresh paint. While the exterior appears maintained by the HOA, the interior components are aged and outdated, requiring minor repairs and modernization to meet current standards.
Priced below market value, this property offers a significant opportunity for first-time buyers or investors to build instant equity through simple cosmetic updates like paint and flooring.
The floor plan is thoughtfully designed with both bedrooms and the laundry area located upstairs for privacy, complemented by a cozy wood-burning fireplace on the main level.
Residents benefit from low-maintenance living with HOA-covered exterior upkeep and access to a community pool, ideal for enjoying the warm Atascadero summers.
The unit is in 'diamond in the rough' condition, requiring immediate investment in new flooring and paint to bring it up to modern standards.
The monthly association fee of $500 is a significant recurring cost that may impact the overall affordability and debt-to-income ratio for some buyers.
This charming 2-bedroom, 1.5-bath condo is your chance to get into the Central Coast market at an incredible value. Unit B2 is a diamond in the rough just waiting for your personal touch — think fresh paint and new flooring and you're done. The layout is bright and functional, with both bedrooms tucked upstairs for privacy and a convenient half bath on the main level. Cozy up to the wood-burning fireplace on cool Central Coast evenings, and enjoy the ease of an upstairs laundry area right where you need it. Step outside to your front porch — perfect for your morning coffee — plus a private outdoor area for relaxing, container gardening, or just soaking up that Central Coast sunshine. Outdoor living without the maintenance headache. The HOA has you covered with a community pool — perfect for those warm Atascadero summers — plus exterior maintenance so you can focus on making the inside your own. Whether you're a first-time buyer ready to build equity or an investor looking for a smart add-value opportunity, this one checks the boxes. Cosmetic needs = instant equity potential. Don't sleep on this one — priced below market with room to make it yours.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,066 | 1,049.5 | 54% |
| Lot Size | 1,066 | 1,158 | 50% |
| Price | $385.0K | $488.5K | 23% |
| Price per sq ft | $361 | $400 | 19% |
| Built year | 1984 | 1987 | 27% |
| HOA | $500.0 | $378 | 85% |
| Days on market | 0 | 150 | 4% |
May 5, 2026
$385,000
Initial Listing
Oct 26, 2020
$318,000
Public Record
Aug 22, 2014
$198,000
Public Record
Nov 25, 2003
$212,000
Public Record
Jun 13, 2001
$133,000
Public Record
Oct 23, 1998
$81,000
Public Record
Feb 3, 1994
$81,000
Public Record