5285 Capistrano Ave, Atascadero, CA 93422

Fantastic investment opportunity in the heart of Atascadero! Ideal for investors, contractors, or buyers looking to live in one unit while generating income from the other. Situated on a 7,500± sq. ft. lot, this property features two separate units, each with its own private yard. Unit A offers approximately 928± sq. ft. with 2 bedrooms and 1 bath. Built in 1959, it is in original condition and ready for a full remodel. Features include a spacious living room, separate kitchen with a brand-new stove, indoor laundry room with hookups, built-in hallway and bathroom storage, and a private backyard with covered patio—an excellent opportunity to add significant value. Unit B offers approximately 600± sq. ft. and is a remodeled 1-bedroom, 1-bath unit (legally converted garage). Upgrades include new laminate flooring, a fully updated bathroom with new shower, vanity, and toilet, and a brand-new kitchen with cabinets, countertops, stove, and sink. Additional improvements include new lighting, a new gas line, new plumbing, and a brand-new mini-split system providing efficient heating and air conditioning. Laundry hookups are located in the workshop, and the unit also features its own private backyard. Both units feature new roofs, providing added peace of mind and long-term value. Located within walking distance to downtown Atascadero, this property offers convenience, flexibility, and excellent upside potential. Don’t miss this rare opportunity!