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5005 Palma Ave

Atascadero, CA 93422

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$1,450,000

4,140 sq ft
  |  
18,696.00 acres

5005 Palma Ave

Atascadero, CA 93422

Listed On: 09/08/2026
Status: Active
Listing Number: SC26196774 (CRMLS)

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Contact Info

Advertising Agent:

London Properties, Ltd.
London Properties, Ltd. 559.436.4071 Email Agent
Property Description
Listing Agent: Irene Turnbull, Turnbull Properties

 A great investment opportunity located on the Northeast side of Atascadero. Located on the corner of San Jacinto and Palma, each of the four units has 2 bedrooms, 1 bath, separate laundry hookups, private patios and a single car garage (except #1 which has 2 single garages). There is also additional outside parking. Each kitchen has a pantry. Appliances other than stoves belong to the tenants. Square footage of units ranges from 977-1122. This property has been well cared for and is fully rented with long-term tenants.
Property Sub Type
Apartment
Year Built
1985
Year Built Source
Assessor
Special Listing Conditions
Standard
Stories Total
1
Levels
One
Number Of Buildings
1
Number Of Units Total
4
Entry Level
1
Entry Location
one
Price Per Square Foot
$350
Price Per Unit
$362,500
Days On London
0
Cumulative Days On London
0
County Or Parish
San Luis Obispo
New Construction Y/N
No
Property Attached Y/N
Yes
Rent Control Y/N
Yes
Cooling Y/N
Yes
Heating Y/N
Yes
Directions
San Anselmo to San Jacinto left on Palma
Room Type
All Bedrooms Down, See Remarks
Heating
Central
Cooling
Central Air
Laundry Y/N
Yes
Laundry Features
Gas & Electric Dryer Hookup, Washer Hookup
Common Walls
2+ Common Walls
Pool Features
None
Pool Private Y/N
No
Average Studio Area Units
Square Feet
Average 1 Bed Area Units
Square Feet
Average 2 Bed Area Units
Square Feet
Average 3 Bed Area Units
Square Feet
Number With Refrigerator
4
Number With Range
4
Number With Dishwasher
4
Number With Disposal
4
Number With Carpet
0
Number With Drapes
4
Number With Patio
4
Number Of Separate Electric Meters
4
Number Of Separate Gas Meters
4
Utilities
Natural Gas Connected, Phone Available, Sewer Connected, Cable Available, Electricity Connected
Sewer
Public Sewer
Parking Total
1.00
Garage Spaces
1.00
Lot Features
2-5 Units/Acre
Lot Size Area
18696.0000
Lot Size Units
Acres
Elevation Units
Feet
Common Interest
Community Apartment
Parcel Number
029301036
Additional Parcels Y/N
No
Subdivision Name
ATNortheast(10)
Subdivision Name Other
ATNortheast(10)
Community Features
Gutters, Street Lights, Sidewalks
Senior Community Y/N
No
Association Y/N
No
Number Of Units Leased
4
Tenant Pays
Gas, All Utilities, Telephone, Cable TV, Electricity
Gross Income
1111100.00
Operating Expense
87445.00
Land Lease Y/N
No
Assessments
None
Insurance Expense
6397.00
Water Sewer Expense
1972.00
Trash Expense
2310.00
Maintenance Expense
8608.00
Gardener Expense
2520.00
Licenses Expense
54.00
New Taxes Expense
10430.00
Gross Scheduled Income
111100.00
Gross Income
1111100.00
Total Expenses
32291.00
Net Operating Income
23655.00
Operating Expense
87445.00
Gross Income
1111100.00
Net Operating Income
23655.00

The data relating to real estate for sale on this web site comes in part from the Internet Data eXchange (IDX) of the Multiple Listing Service. Real estate listings are marked with the IDX logo and detailed information about them includes the name of the listing broker and the name of the listing agent. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Information herein deemed reliable but not guaranteed, representations are approximate, individual verification recommended.

Copyright © 2026  London Properties, Ltd. All rights reserved.

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