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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.
Listing agent: Michael Hanson DRE #01994786 slocountynative@gmail.com, Listing office: Malik Real Estate Group, Inc.
MLS data updated 10/16/2026, 9:10:10 PM PT
Source: CRMLS, MLS #: NS26181297
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Aug 12, 2026
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$1,190,000Original asking price · Aug 12, 2026ZIP 93422 · Aug 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.