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    7116 Sombrilla Ave, Unit 7124 Atascadero, CA 93422

    Sponsored
    For Sale
    $1,775,000

    Apartment - Atascadero, CA

    Type:Apartment
    Property size:
    3,432 SF
    Lot size:
    17,859.60 Acres
    Days on Market:
    155
    Last Refresh:
    Jan 5 at 3:06 pm

    Property Features for 7116 Sombrilla Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3
    Bedrooms
    3
    Bathrooms
    2
    APN
    030011027
    Parking features
    Unassigned
    Exterior features
    Community Features Included: Sidewalks, Sprinkler System
    Size
    3,432 SF
    Lot size
    17,859.60 Acres

    Building Details

    Year built
    1975
    Floors in Building
    1
    Number of units
    6
    Architectural style
    Other

    RE/MAX Parkside Real Estate (805) 239-3310 [email protected]

    Listing agent Wendy Streshenkoff (805) 239-3310 License #01975738

    Listing date Aug 4, 2025

    MLS# NS25175091 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Atascadero Multifamily Investment Opportunity

    This multifamily property in Atascadero, California, presents an investment opportunity. The complex features six units, comprising four one-bedroom, one-bath units and two two-bedroom, one-bath units. A cultivated group of tenants treat the complex like its own community. Many of the units have been updated throughout the years. The roofs of both buildings were replaced in April 2025 with 50-year shingles, and the exterior has been recently painted. The seller covers water and trash expenses, while tenants are responsible for other utilities. The property, situated on a 0.41-acre lot, totals 3,432 square feet. This investment offers a cap rate of 5.9% with minimal expenses and very little maintenance required. Profit and loss statements are available upon request.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Atascadero
    County
    San Luis Obispo
    State
    California
    Longitude
    -120.661618
    Latitude
    35.487323

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    FAQs

    What type of property is this?
    Apartment building - Six-unit apartment complex with updated units and strong tenant community.
    Where is this apartment building located?
    The property is located at 7116 Sombrilla Ave, Unit 7124 Atascadero, CA.
    What is the asking price?
    The asking price for this property is $1,775,000.
    What are key features of this property?
    This property features: - 5.9% Cap Rate; - 6 Units: Featuring a mix of 1 and 2 Bedroom Apartments; - Low Maintenance
    (805) 239-3310
    Request Owner's contact information
    7116 Sombrilla Ave, Unit 7124 Atascadero, CA 93422
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    Atascadero, CA 93422
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7116 Sombrilla Ave, Unit 7124 Atascadero, CA 93422
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