5340 Palma, Atascadero, California 93422, Atascadero, 93422 - bed, bath
5340 Palma
Atascadero, California 93422
Property Price
SUMMARY
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5340 Palma Subject | $1,100,000* List Price | 4,084 | $223 | - | ||
A 7100 Navajoa Avenue Sold | $890,000 | 6 | 4 | 3,209 | $277 | 0.9 mi |
B 8412 Alta Vista Active | $999,000 List Price | 4 | 4 | 3,228 | $309 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property consists of a 1915 main house and three additional units built in 1986. The listing explicitly highlights 'renovation possibilities' and 'deferred maintenance,' suggesting that while the structures are functional, they are significantly outdated. The 1980s units are nearly 40 years old without mention of major recent updates, and the main house requires substantial modernization to meet current aesthetic and efficiency standards.
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 = 17150, living area = 4084.
- High-Yield Investment Potential
The property features a unique multi-unit configuration with a main house and three additional 2-bedroom units, offering substantial rental income opportunities on a single lot.
- Prime Location
Situated near beautiful downtown Atascadero, the property provides excellent proximity to local amenities, shopping, and dining, which is a major draw for potential tenants.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 4084, other record living area = 1204.
- Deferred Maintenance and Renovation Needs
The 1915 main house and 1980s units are marketed as having 'renovation possibilities,' indicating a need for significant capital investment to modernize and repair the structures.
- Management Complexity
Maintaining four separate dwellings across different construction eras (1915 and 1986) increases long-term upkeep costs and operational oversight for the owner.
About 5340 Palma
BEAUTIFUL RENOVATION POSSIBILITIES! Atascadero Colony home with three additional single story units on over a third of an acre. The main house is over 1200 square feet with two bedrooms and one bath. The units were built in 1986 and are 960 square feet each with two bedrooms and one and three-quarter baths each. This property has so much to offer, is a wonderful investment opportunity, plus it's located close to beautiful downtown Atascadero. Call your favorite Realtor and make plans to see it today.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1915
- Lot Size
- 17,150 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | 3.0 | 4% |
| Baths | - | 2.0 | 4% |
| Square foot | 4,084 | 1,906 | 97% |
| Lot Size | 17,150 | 25,265 | 37% |
| Price | $1.10M | $849.0K | 77% |
| Price per sq ft | $269 | $462 | 1% |
| Built year | 1915 | 1984 | 3% |
| HOA | $0 | $0 | 50% |
| Days on market | 33 | 171 | 4% |
Pricing History
Listed for Sale
Feb 2, 2026
$1,100,000
Initial Listing
Sold
Oct 12, 2000
$333,000
Public Record
Sold
Apr 1, 1997
$86,000
Public Record