4633 Estrada, Atascadero, California 93422, Atascadero, 93422 - 5 bed, 4 bath
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4633 Estrada
Atascadero, California 93422
ACTIVE
CONDITION: POOR
5Beds
4Baths
2,168Sq Ft
10,000Lot Size
Property Price
LIST PRICE$950,000
EST. MARKET VALUE
$900,844
5% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $950,000—positioned above the $900,845 Fair Market Value by 5%. While the home requires a Condition Rating of 5, the expansive 10,000 square-foot lot and massive 900 square-foot detached workshop provide significant value-add potential for those capable of a full rehabilitation. This asset is well-suited for Fix-and-Flip Investors or Contractors who can leverage the versatile five-bedroom layout to maximize long-term equity in the San Luis Coastal Unified district.
Estimated Market Value
$900,844
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 |
|---|---|---|---|---|---|---|
★ 4633 Estrada Subject 5 bd · 4 ba · 2,168 sqft · $416 | $950,000* List Price | 5 | 4 | 2,168 | $416 | - |
A 5600 Arroyo Active 3 bd · 2 ba · 1,608 sqft · $475 · 0.5 mi | $763,000 List Price | 3 | 2 | 1,608 | $475 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1961 (63 years old), this property falls into the rehab category. While the presence of an exterior tankless water heater suggests some system updates, the lack of mentioned renovations to the kitchen or baths, combined with visible exterior neglect and significant clutter, indicates the home requires a full rehabilitation to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Workshop Space
The property features a massive 900 square-foot detached workshop and garage, offering rare utility for hobbyists, car enthusiasts, or those requiring significant additional storage.
- High Occupancy Potential
With five bedrooms and four bathrooms, the home provides a versatile and spacious layout that is ideal for large families or multi-generational living arrangements.
- Prime Lot and Location
Situated on a generous 10,000 square-foot lot, the property offers ample outdoor space while maintaining a convenient 20-30 minute proximity to downtown San Luis Obispo.
CONSRISKS & DEFICIENCIES
- Vintage Construction
Built in 1961, the property may require capital improvements or modernization of its original systems and finishes to meet contemporary standards.
- Lack of Scenic Views
The listing indicates no significant views, which may be a competitive disadvantage in a region where hillside or landscape vistas are highly sought after.
About 4633 Estrada
This remarkable Atascadero home offers an incredible blend of space and possibility, featuring five bedrooms and three bathrooms across its expansive layout. The true standout is the massive detached garage complete with a 900 square-foot workshop, perfect for hobbies, projects, or extra storage. Included in square footage is a 2BD+1BA guest unit that is being rented. Situated on a generous lot of nearly ten thousand square feet, the property provides plenty of room to enjoy the outdoors while remaining just twenty to thirty minutes from the vibrant downtown of San Luis Obispo.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1961
- Lot Size
- 10,000 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 4 (4 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 | 5.0 | 3.1 |
| Baths | 4.0 | 2.2 |
| Square foot | 2,168 | 1,972.38 |
| Lot Size | 10,000 | 42,681.487 |
| Price | $950.0K | $888.9K |
| Price per sq ft | $438 | $467 |
| Built year | 1961 | 1990 |
| HOA | $0 | $225 |
| Days on market | 29 | 58 |
Pricing History
Listed for Sale
Sep 25, 2026
$950,000
Initial Listing
Sold
Nov 26, 1997
$125,000
Public Record