
Atascadero, California 93422
Analysis of 5285 Capistrano Avenue, Atascadero, California 93422 is currently available with a list price of $575,000. 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.
Property is moderate renovation needed.
The property is a duplex with contrasting conditions between the two units. Unit B is in good to excellent condition, having been recently remodeled with new laminate flooring, updated kitchen cabinets and countertops, a modernized bathroom, and a new mini-split HVAC system. However, the larger Unit A is in original 1959 condition and requires a full remodel. While both units benefit from brand-new roofs, the overall property score is 'fair' because the primary living space (Unit A) requires significant updating to meet modern standards.
This duplex configuration features two separate units with private yards, offering an ideal setup for house-hacking or generating multiple streams of rental income.
The property boasts brand-new roofs on both units, and Unit B has been fully modernized with updated plumbing, gas lines, and a new mini-split HVAC system.
Situated in the heart of Atascadero, the property is within walking distance to downtown amenities, enhancing its desirability for future tenants and owners.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1528, other record living area = 928.
Unit A is in original 1959 condition and requires a full remodel, necessitating immediate additional capital investment from the buyer.
Because Unit B is a converted garage, the property lacks traditional covered parking and enclosed storage, which may be a drawback for some residents.
Fantastic investment opportunity in the heart of Atascadero! Ideal for investors, contractors, or buyers looking to live in one unit while generating income from the other. Situated on a 7,500± sq. ft. lot, this property features two separate units, each with its own private yard. Unit A offers approximately 928± sq. ft. with 2 bedrooms and 1 bath. Built in 1959, it is in original condition and ready for a full remodel. Features include a spacious living room, separate kitchen with a brand-new stove, indoor laundry room with hookups, built-in hallway and bathroom storage, and a private backyard with covered patio—an excellent opportunity to add significant value. Unit B offers approximately 600± sq. ft. and is a remodeled 1-bedroom, 1-bath unit (legally converted garage). Upgrades include new laminate flooring, a fully updated bathroom with new shower, vanity, and toilet, and a brand-new kitchen with cabinets, countertops, stove, and sink. Additional improvements include new lighting, a new gas line, new plumbing, and a brand-new mini-split system providing efficient heating and air conditioning. Laundry hookups are located in the workshop, and the unit also features its own private backyard. Both units feature new roofs, providing added peace of mind and long-term value. Located within walking distance to downtown Atascadero, this property offers convenience, flexibility, and excellent upside potential. Don’t miss this rare opportunity!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 3.0 | 50% |
| Baths | 0.0 | 3.0 | 50% |
| Square foot | 1,528 | 2,564 | 50% |
| Lot Size | 7,500 | 8,300 | 50% |
| Price | $575.0K | $768.5K | 50% |
| Price per sq ft | $376 | $322 | 50% |
| Built year | 1959 | 1972 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 23 | 99 | 50% |
Mar 30, 2026
$575,000
Initial Listing