Property Details
Upcoming Open Houses
About this Property
Located at 5190 & 5200 Palma Avenue, “The Palms” presents a rare and highly refined high-density multifamily development—with the opportunity to collect fair market value rents for two units while building two additional units. On a 0.38-acre parcel in the heart of Atascadero’s Downtown District, the property features two attached residential units with two attached garages. It is ideally situated just steps from the historic Sunken Gardens and the Atascadero Administration Building, placing it at the center of the city’s pedestrian-friendly civic core. Zoned RMF-10, with two units and the opportunity to have a total of 4 units, the site offers meaningful future density upside on an efficiently sized, centrally located parcel—an increasingly scarce combination in downtown Atascadero. The property currently features a duplex and includes approval for two additional units, allowing for immediate expansion, with active building permits for two additional residences, along with flexible design standards allowing for expanded bedroom and bathroom configurations. Location remains the property’s defining strength, offering immediate walkability to Atascadero’s revitalized downtown—now featuring a new pedestrian mall, mixed-use development, local dining, breweries, boutique shoppi
MLS Listing Information
MLS #
CRPI25278806
MLS Source
California Regional MLS
Days on Site
20
Interior Features
Appliances
Hood Over Range, Other, Oven - Gas
Cooling
Window/Wall Unit
Heating
Gas, Wall Furnace
Exterior Features
Roof
Shingle
Foundation
Raised
Pool
None
Style
Traditional
Parking, School, and Other Information
Garage/Parking
Common Parking Area, Garage, Other, Garage: 2 Car(s)
HOA Fee
$0
Contact Information
Listing Agent
Chelsea King
Invest SLO
License #: 02152275
Phone: (805) 540-9333
Co-Listing Agent
Abel Contreras
Invest SLO
License #: 02062620
Phone: –
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 1 | 2 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 1,000 | – | 0/0 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
5190 & 5200 Palma Ave is a Duplex in Atascadero, CA 93422. This – square foot property sits on a 0 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,100,000 and was built in 1958. This address can also be written as 5190 & 5200 Palma Ave, Atascadero, CA 93422.
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This listing information is up-to-date as of January 28, 2026. For the most current information, please contact Chelsea King, (805) 540-9333
