5765 Dolores Avenue, Atascadero, California 93422, Atascadero, 93422 - 3 bed, 2 bath
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5765 Dolores Avenue
Atascadero, California 93422
ACTIVE
CONDITION: POOR
3Beds
2Baths
1,726Sq Ft
13,504Lot Size
Property Price
LIST PRICE$475,000
EST. MARKET VALUE
$483,332
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $499,000—positioned well below the $502,212 Fair Market Value by 0.64%. This valuation gap offers $3,212 in Instant Equity. With a Condition Rating of 5, the home requires a major rehab, yet the 13,504 sqft lot and flexible living configuration provide significant upside for value-add renovations. This asset is ideal for Buy-and-Hold Investors or Contractors seeking a project with strong rental potential near downtown Atascadero.
Estimated Market Value
$483,332
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 |
|---|---|---|---|---|---|---|
★ 5765 Dolores Avenue Subject 3 bd · 2 ba · 1,726 sqft · $280 | $475,000* List Price | 3 | 2 | 1,726 | $280 | - |
A 5265 Magdalena Avenue Pending 2 bd · 2 ba · 1,337 sqft · $337 · 0.7 mi | $450,000 List Price | 2 | 2 | 1,337 | $337 | 0.7 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 1952, this 74-year-old home requires a major rehab. While the interior has received basic paint, the kitchen is non-functional as it completely lacks appliances, and the bathroom is severely outdated with worn cabinetry and vintage fixtures. Additionally, aerial images show an aging flat roof, and the description notes it is a 'clean slate' needing significant improvements after 15 years of tenant occupancy.
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 = 13504, living area = 1726.
- Prime Location
Situated with quick access to downtown Atascadero, this property offers convenient proximity to local shops, dining, and community amenities.
- Generous Lot Size
The expansive 13,504 square foot lot provides significant outdoor space and ample room for potential expansions, landscaping, or ADU development.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 1.
- Significant Renovation Needed
Having been tenant-occupied for over 15 years, the home is presented as a 'clean slate' that likely requires substantial cosmetic and functional updates.
- Incomplete Studio Amenities
The attached one-bedroom studio currently lacks a kitchen, necessitating additional investment to make it a fully functional independent living space.
About 5765 Dolores Avenue
Great location with quick access to downtown Atascadero. Currently configured as a two-bedroom, one-bath home with an attached one-bedroom, one-bath studio area without a kitchen. The home and property have been tenant occupied for more than 15 years. A clean slate with plenty of potential for your ideas and improvements.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1952
- Lot Size
- 13,504 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 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 | 3.0 | 3.1 |
| Baths | 2.0 | 2.2 |
| Square foot | 1,726 | 1,972.38 |
| Lot Size | 13,504 | 42,681.487 |
| Price | $475.0K | $888.9K |
| Price per sq ft | $275 | $467 |
| Built year | 1952 | 1990 |
| HOA | $0 | $225 |
| Days on market | 26 | 58 |
Pricing History
Listed for Sale
Oct 12, 2026
$475,000
$499,000
-5% Price Drop
Initial Listing
Price Change
Sep 28, 2026
$499,000
Initial Listing