Craftsman Residential Income
New
For Sale
$1,800,000
6383 Santa Ynez, Atascadero, CA 93422
Central air and MF20 zoning are among the property’s documented features.
Property Size3,976 SF
Days on Market7
Property Features for 6383 Santa Ynez
General Information
Standard status
Active
Size
3,976 SF
Total Parking Spaces
10
Property subtype
Residential Income
Zoning
MF20
Net Operating Income
$79,718
Amenities
Curbs
Central Air
Central
Dishwasher, Gas Cooktop, Disposal, Gas Oven, Microwave, Refrigerator, Range Hood, Water Heater
Built-in Features, Ceiling Fan(s), Granite Counters
Trees/Woods
Wood
Assigned
Awning(s), Lighting, Rain Gutters
Craftsman
Building Details
Building Size
3,976 SF
Year Built
1950
Buildings
4
Stories
1
Listing Agency:
Max Zappas, Broker
Listed By:
Max Zappas · License #01997012
(805) 674-4743
Source:
Evrealestate
Added: Oct 23
Changed: Oct 28
Last Checked: Oct 28 at 3:25PM
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 Max Zappas, Broker
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Investment Insights
Based on property information with market context.
This residential income property in Atascadero was built in 1950 and has Craftsman-style exterior features. Interior amenities include central air, granite counters, ceiling fans, and built-in features. The appliance list includes a dishwasher, gas cooktop, disposal, gas oven, microwave, refrigerator, range hood, and water heater.
The property is at 6383 Santa Ynez. Access directions approach from Highway 101 via Traffic Way, Ardilla Avenue, and Atascadero Avenue before continuing to Santa Ynez. The property is zoned MF20.
The property is at 6383 Santa Ynez. Access directions approach from Highway 101 via Traffic Way, Ardilla Avenue, and Atascadero Avenue before continuing to Santa Ynez. The property is zoned MF20.
Key Highlights
- MF20 zoning
- Built in 1950
- Central air
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,757
Cap Rate
4.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,535,140
$1.5M
Cap Rate 7%
$1,096,529
$1.1M
Cap Rate 9%
$852,856
$852.9K
Market Conditions
NOI Build-Up for 3,976 SF
Gross rent
$143.1K $36.00/SF
− Vacancy
−$3.6K −$0.90/SF
EGI
$139.6K $35.10/SF
− OpEx
−$62.8K −$15.80/SF
NOI
$76.8K $19.31/SF
Area
San Luis Obispo County, CA
Vacancy
2.50%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,535,140
Cap Rate 7%
$1,096,529
Cap Rate 9%
$852,856
Alternative Uses
Best Use
Apartment 5plus
$1.10M
$959.5K – $1.28M
NOI $76,757 @ 7.0% cap · market cap 4.26%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$1.56M
$1.37M – $1.82M
NOI $109,459 @ 7.0% cap · market cap 6.08%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,222
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - Central air and MF20 zoning are among the property’s documented features.
Where is this residential income property located?
The property is located at 6383 Santa Ynez Atascadero, CA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: MF20 zoning; Built in 1950; Central air
