4565 Arena, Atascadero, California 93422, Atascadero, 93422 - 2 bed, 1 bath
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4565 Arena
Atascadero, California 93422
ACTIVE UNDER CONTRACT
CONDITION: FAIR
2Beds
1Baths
840Sq Ft
16,500Lot Size
Property Price
LIST PRICE$525,000
SUMMARY
Analysis of 4565 Arena, Atascadero, California 93422 is currently available with a list price of $525,000. 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.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1981 (43 years old), the property is dated and requires cosmetic updates. While it features a brand new roof, the kitchen and bathroom appear original with 1980s-style cabinetry and finishes. The listing explicitly suggests 'sweat equity,' placing it in the fair category as a functional but dated starter home.
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 = 16500, living area = 840.
- Scenic Hilltop Views
The property is perched on an elevated lot, offering sweeping mountain views and abundant natural light, providing a serene and picturesque living environment.
- Recent Capital Improvement
A brand-new roof has been recently installed, offering immediate peace of mind and reducing near-term maintenance costs for the new owner.
CONSRISKS & DEFICIENCIES
- Limited Living Space
With only 840 square feet and a single bathroom, the home's compact footprint may be restrictive for growing families or those requiring more functional space.
- Deferred Interior Updates
The property is positioned as a 'sweat equity' opportunity, suggesting that significant interior cosmetic or structural updates are likely required to modernize the home.
About 4565 Arena
Perched to capture sweeping hilltop views, this adorable 2-bedroom, 1-bath home sits on a generous 0.38-acre lot (approximately 16,550 sq ft). Hone is full of natural light, brand NEW roof, and plenty of boat or RV parking or a great spot for a large shed or two. Just minutes from downtown Atascadero, this property offers an easy commute to shops, dining, and everyday errands while still enjoying a peaceful, elevated setting. With 840 square feet of living space, it's an ideal opportunity for a first-time buyer, down-sizer, or investor looking to add sweat equity and make it their own. Home has a bread new roof too! Bring your vision — this is a rare chance to own land with a view and a new roof already in place, at a price built for opportunity.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1981
- Lot Size
- 16,500 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 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 | 2.0 | 3.0 |
| Baths | 1.0 | 2.3 |
| Square foot | 840 | 1,967.678 |
| Lot Size | 16,500 | 39,579.077 |
| Price | $525.0K | $856.1K |
| Price per sq ft | $625 | $461 |
| Built year | 1981 | 1989 |
| HOA | $0 | $211 |
| Days on market | 18 | 53 |
Pricing History
Listed for Sale
Aug 22, 2026
$525,000
Initial Listing