9144 San Rafael Court, Atascadero, California 93422, Atascadero, 93422 - 0 bed, 0 bath
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This property presents a High-Potential Investment Opportunity with a List Price of $1,190,000—positioned above the $1,023,482 Fair Market Value. While the current pricing reflects a premium, the MF10 Zoning and 22,651 sqft lot offer significant long-term upside for densification. Featuring a Condition Rating of 5, the four existing units provide immediate cash flow, though they require modernization. This asset is ideal for Buy-and-Hold Investors or Developers seeking a strategic, income-producing compound with substantial future development potential in South Atascadero.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 9144 San Rafael Court Subject | $1,190,000* List Price | 0 | 0 | 3,264 | $314 | - |
A 8865 Pino Solo Avenue Sold | $840,000 | 3 | 3 | 2,031 | $414 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1965 (61 years old) with no mentioned renovations, the property falls into the >30y category requiring rehab. While currently functional as an income-producing rental, the age of the structures and the listing's focus on future development potential and land zoning suggest that the kitchens, baths, and systems are significantly dated and nearing the end of their functional lifespan.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 22651, living area = 3264.
The property features four separate 2-bedroom, 1-bathroom homes, providing immediate rental income and a diversified portfolio for investors or a unique multigenerational living setup.
Zoned MF10 on a generous 22,651 sqft lot, this property offers significant upside for additional residential development or densification, providing long-term value appreciation.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3264, other record living area = 816.
Originally built in 1965, the four separate structures may require significant capital expenditure for modernizing systems, interiors, and addressing deferred maintenance across multiple units.
With each unit offering only 816 square feet of living space, the property may appeal to a narrower segment of the rental market compared to larger, more modern residential offerings.
Investment Opportunity in South Atascadero! This unique property features four separate homes, each offering 816± sf with 2 bedrooms, 1 bathroom and an attached 1-car garage. With four existing rental units, this property offers an immediate opportunity for an investor looking to build a rental portfolio, while also providing flexibility for a variety of future uses. Continue renting all four homes, live in one while renting the others or create a multigenerational living compound for extended family. For investors looking toward future development, the property is zoned MF10 and may offer potential for additional residential development. Buyers are encouraged to contact the City of Atascadero to verify the property's zoning and explore development possibilities. Conveniently located on the south end of Atascadero, the property is close to shopping, restaurants and schools, with easy freeway access making commuting to work or school quick and convenient. A rare opportunity to acquire an income-producing property with multiple paths for both current use and future potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 3.0 |
| Baths | 0.0 | 2.3 |
| Square foot | 3,264 | 1,967.678 |
| Lot Size | 22,651 | 39,579.077 |
| Price | $1.19M | $856.1K |
| Price per sq ft | $365 | $461 |
| Built year | 1965 | 1989 |
| HOA | $0 | $211 |
| Days on market | 22 | 53 |
Aug 18, 2026
$1,190,000
Initial Listing