Private-Yard
5260 Olmeda, Atascadero, CA 93422
For Sale
$1,120,000
Each residence has a separate entrance, fenced yard, and attached one-car garage with laundry hookups.
Property Size2,607 SF
Lot Size0.25 Acres
Days on Market50
Property Features for 5260 Olmeda
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Amenities
stainless steel appliances
breakfast bars
walk-in pantry
ceiling fans
covered patios
private fenced yards
mature fruit and shade trees
paved parking court
Building Details
Building Size
Year Built
Buildings
Construction
Listing Agency:
Modern Broker
Listed By:
Michelle Boghosian · License #01807879
(805) 709-8899
Source:
Homeandranchsir
Added: Sep 21
Changed: Nov 5
Last Checked: Nov 8 at 3:27PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Modern Broker
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Investment Insights
Based on property information with market context.
Built in 1988, this duplex contains two residences: one with three bedrooms and two bathrooms, and another with two bedrooms and two bathrooms. Each unit has its own entrance, fenced yard, and attached one-car garage with laundry hookups; the garages share the only wall between the residences. Interior features include stainless steel appliances, breakfast bars, a walk-in pantry, ceiling fans, and natural light. The property also has a Spanish tile roof, stucco exterior, covered patios, mature fruit and shade trees, and a paved parking court.
The property occupies more than a quarter acre in Atascadero. Downtown, the Sunken Gardens, Highway 101, shopping, and schools are nearby. Paso Robles wine country and the coast are also within driving distance.
The property occupies more than a quarter acre in Atascadero. Downtown, the Sunken Gardens, Highway 101, shopping, and schools are nearby. Paso Robles wine country and the coast are also within driving distance.
Key Highlights
- Two residences: one with 3 bedrooms and 2 bathrooms, the other with 2 bedrooms and 2 bathrooms
- Each unit has a private entrance, fenced yard, and attached one‑car garage with laundry hookups
- Only shared wall between the residences is between the garages
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,513
Cap Rate
4.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,090,260
$1.1M
Cap Rate 7%
$778,757
$778.8K
Cap Rate 9%
$605,700
$605.7K
Market Conditions
NOI Build-Up for 2,607 SF
Gross rent
$79.8K $30.60/SF
− Vacancy
−$1.9K −$0.73/SF
EGI
$77.9K $29.87/SF
− OpEx
−$23.4K −$8.96/SF
NOI
$54.5K $20.91/SF
Area
San Luis Obispo County, CA
Vacancy
2.38%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,090,260
Cap Rate 7%
$778,757
Cap Rate 9%
$605,700
Alternative Uses
Best Use
Multifamily LT 5
$778.8K
$681.4K – $908.6K
NOI $54,513 @ 7.0% cap · market cap 4.87%
Second Best
Apartment 5plus
$719.0K
$629.1K – $838.8K
NOI $50,328 @ 7.0% cap · market cap 4.49%
Theoretical Best
Healthcare Medical
$1.03M
$897.1K – $1.20M
NOI $71,771 @ 7.0% cap · market cap 6.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
908
Businesses Nearby
Explore this area
Business Placement
Demographics for 93422, CA
33,041
Population
13,702
Households
2.4
Avg Household Size
42
Median Age
31%
College-Educated
93%
High-School Grad
68.8 sq mi
ZIP Area
480
Density / Sq Mi
$89,916
Median Household Income
$46,939
Median Earnings
$1,841
Median Rent
$692,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in San Luis Obispo County, CA
Properties on Market for Duplexes in San Luis Obispo County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has a separate entrance, fenced yard, and attached one-car garage with laundry hookups.
Where is this duplex located?
The property is located at 5260 Olmeda Atascadero, CA.
What is the asking price?
The asking price for this property is $1,120,000.
What are key features of this property?
This property features: Two residences: one with 3 bedrooms and 2 bathrooms, the other with 2 bedrooms and 2 bathrooms; Each unit has a private entrance, fenced yard, and attached one‑car garage with laundry hookups; Only shared wall between the residences is between the garages
