
Atascadero, California 93422
This Turnkey Single Family Residence is a High-Potential Investment Opportunity, listed at $775,000—positioned slightly above the $754,656 Fair Market Value. While priced at market, the property offers significant long-term upside through its 21,060 sqft flat lot and R2-adjacent development potential. Featuring a Condition Rating of 3, the home includes a newer roof, oversized HVAC, and a versatile detached workshop with 220V power. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a move-in-ready home with expansion capabilities.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8882 Palomar Subject 3 bd · 2 ba · 1,349 sqft · $559 | $775,000* List Price | 3 | 2 | 1,349 | $559 | - |
A 7280 Valle Sold 3 bd · 2 ba · 1,408 sqft · $547 · 0.8 mi | $770,000 | 3 | 2 | 1,408 | $547 | 0.8 mi |
B 7405 Castano Avenue Sold 3 bd · 2 ba · 1,506 sqft · $558 · 0.9 mi | $839,900 | 3 | 2 | 1,506 | $558 | 0.9 mi |
C 8830 Old Santa Rosa Sold 3 bd · 2 ba · 1,421 sqft · $545 · 0.8 mi | $775,000 | 3 | 2 | 1,421 | $545 | 0.8 mi |
D 9275 Curbaril Sold 3 bd · 2 ba · 1,592 sqft · $489 · 0.7 mi | $779,000 | 3 | 2 | 1,592 | $489 | 0.7 mi |
E 8660 Montura Sold 3 bd · 2 ba · 1,648 sqft · $451 · 0.5 mi | $744,000 | 3 | 2 | 1,648 | $451 | 0.5 mi |
F 7760 Valle Ave. Active 3 bd · 2 ba · 1,404 sqft · $484 · 0.5 mi | $680,000 List Price | 3 | 2 | 1,404 | $484 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although originally built in 1972, the property has undergone key updates making it move-in ready. It features a newer roof, a newer oversized HVAC system, fresh interior and exterior paint, and updated flooring. The kitchen and bathrooms are well-maintained with painted cabinetry and modern stainless steel appliances, aligning with a well-kept 5-15 year partial renovation status.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 21060, living area = 1349.
The rare, flat half-acre lot is situated in a high-density zone surrounded by multi-unit properties, offering significant upside for builders or investors to add value through additional units or expansion.
The home is move-in ready with high-value improvements, including a newer roof, fresh interior/exterior paint, and an oversized HVAC system paired with a whole-house fan for superior climate control and energy efficiency.
Despite recent cosmetic and HVAC updates, the 1972 construction year suggests that original core systems like plumbing or electrical may eventually require modernization to meet contemporary standards.
At 1,349 square feet for a three-bedroom layout, the interior living space is relatively compact, which may feel restrictive for buyers accustomed to more expansive modern floor plans.
Opportunity Knocks in Central Atascadero! Set on a rare, flat half-acre lot, this move-in-ready home offers comfort today and exciting potential for tomorrow. Surrounded by properties with 2 to 4 units, this parcel presents an outstanding development opportunity for investors, builders, and buyers looking to add long-term value. Parcels of this size in such a convenient location are increasingly hard to find, making this a truly special offering. The home has been thoughtfully cared for and shows beautifully. It's freshly painted inside and out, spotlessly clean, and topped with a newer roof, so you can move right in with peace of mind. Pride of ownership is evident the moment you step through the front door. Stay comfortable year-round with a newer HVAC system that is oversized for the home, delivering powerful heating and cooling in every season. A thermostatically controlled whole-house fan adds another layer of efficiency, pulling in cool evening air and helping keep energy costs down on warm Central Coast days. Outside, the possibilities are endless. A paved wraparound driveway provides abundant parking for multiple vehicles, RVs, boats, trailers, or work equipment, with easy access around the property. The entire lot is fully fenced, offering privacy, security, and plenty of room for pets, gardens, play areas, or outdoor entertaining. Picture summer barbecues and quiet evenings under open skies. The detached garage is a true standout. Insulated, freshly drywalled, and equipped with both water and 220V power, it's ready to serve as a workshop, art studio, home gym, hobby space, or secure storage. Contractors, mechanics, and makers will appreciate the flexibility this space provides. Location is everything, and this one delivers. You're just minutes from schools, shopping, dining, and public transportation, with quick access to both Highway 101 and Highway 41 for a smooth commute north, south, east, or toward the coast. Enjoy the relaxed pace of Atascadero living while staying connected to everything the Central Coast has to offer. Whether you're searching for a well-kept home with room to grow, a smart investment with upside, or both, this property checks every box. Live in it, rent it, or plan for what comes next. Opportunities like this don't come along often, so schedule your private showing today and see all the potential for yourself!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.1 |
| Baths | 2.0 | 2.2 |
| Square foot | 1,349 | 1,972.38 |
| Lot Size | 21,060 | 42,681.487 |
| Price | $775.0K | $888.9K |
| Price per sq ft | $574 | $467 |
| Built year | 1972 | 1990 |
| HOA | $0 | $225 |
| Days on market | 25 | 58 |
Sep 29, 2026
$775,000
Initial Listing