
Atascadero, California 93422
Analysis of 5985 Dolores, Atascadero, California 93422 is currently available with a list price of $359,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. 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 Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
Built in 1952 (>50 years) with no evidence of renovation. The listing explicitly describes the structure as a 'tear down' with value in the land. Visuals confirm severe exterior decay, exposed wiring, and holes in the structure, rendering it unlivable.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 17600, living area = 576.
The property features rare multi-family zoning on a large 17,600 sq. ft. corner lot, with the city indicating potential for up to four units, offering significant upside for investors.
Equipped with established electric, water, sewer, and natural gas meters, the site provides a significant head start for developers by reducing initial utility connection costs and permitting hurdles.
The property was recently sold within the past year on 2026-01-15. The sold price is $340,000.00.
The existing 1952 structure is considered a tear-down or major fixer, requiring substantial capital investment for demolition or a complete reconstruction before the lot's value can be realized.
With 129 days on the market and a previous price reduction, the property may face challenges regarding perceived value or complexities in securing financing for a project of this nature.
Corner usable 17,600+/- sq.ft. lot with rare Multi-Family zoning. City states 4 unit zoning for this lot, subject to city building codes. Ideal location for future resident(s) with commercial/employment centers on Traffic Way. Close to downtown as well as the City Colony Park sports & community park. Electric meter, water meter, public sewer and natural gas meter. Existing structure is a tear down or major fixer, value is in the multi-family lot. Room to build a home that is set back or multiple units or apartments, check with the City on your plans. Get your project started!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 3.0 |
| Baths | 1.0 | 2.3 |
| Square foot | 576 | 1,967.678 |
| Lot Size | 17,600 | 39,579.077 |
| Price | $359.0K | $856.1K |
| Price per sq ft | $623 | $461 |
| Built year | 1952 | 1989 |
| HOA | $0 | $211 |
| Days on market | 152 | 53 |
Aug 5, 2026
$359,000
$380,000
-6% Price Drop
Initial Listing
Apr 10, 2026
$380,000
Initial Listing
Jan 15, 2026
$340,000
Public Record