5985 Dolores, Atascadero, California 93422, Atascadero, 93422 - 1 bed, 1 bath
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Atascadero, California 93422
This Multi-Family Development Asset is listed at $380,000, reflecting its strategic value beyond the $292,224 Fair Market Value of the existing structure. The valuation is driven by rare MF-10 Multi-Family Zoning on a massive 17,600 sq. ft. lot, which the city indicates can accommodate up to four units with Mountain views. Currently in Tear-Down Condition, the site includes ready utility infrastructure—electric, water, and gas meters—and sits within the Atascadero Unified district. This high-density opportunity is perfectly suited for Developers or Contractors looking to capitalize on a prime, utility-ready location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5985 Dolores Subject | $380,000* List Price | 1 | 1 | 576 | $507 | - |
A 5985 Dolores Avenue Sold | $340,000 | 1 | 1 | 576 | $590 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
The property is explicitly marketed as a tear-down or major fixer, with the primary value in the 17,600 sq. ft. multi-family lot. The 1952 structure is in a state of extreme dilapidation, with images showing exposed framing, no interior walls, and a complete lack of functional kitchen, bathroom, or utility systems.
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 rare multi-family zoning on a large 17,600 sq.ft. usable lot allows for up to four units, providing significant investment upside and high-density residential opportunities in a growing area.
The property features existing meters for electric, water, natural gas, and public sewer, which significantly reduces the initial development costs and simplifies the building process for new construction.
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 a major fixer or tear-down, meaning the current building provides no immediate utility and requires additional capital for demolition or total reconstruction.
While zoned for four units, any development is strictly subject to city building codes and approval processes, which may involve complex planning and unforeseen municipal requirements.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 3.0 | 6% |
| Baths | 1.0 | 2.0 | 12% |
| Square foot | 576 | 1,940 | 2% |
| Lot Size | 17,600 | 32,016.7 | 33% |
| Price | $380.0K | $850.0K | 3% |
| Price per sq ft | $660 | $455 | 92% |
| Built year | 1952 | 1986 | 7% |
| HOA | $0 | $0 | 50% |
| Days on market | 12 | 171 | 1% |
Apr 10, 2026
$380,000
Initial Listing
Jan 15, 2026
$340,000
Public Record