Well-Maintained 4-Plex with
7520 Sombrilla Ave Atascadero, CA 93422
7520 Sombrilla Ave, Atascadero, CA, 93422
$1,350,000
Pending
For Sale
$1,350,000
Pending
A four-unit, two-building property featuring private patios or decks, vaulted ceilings, and a fenced common backyard.
Property Size4,300 SF
Days on Market193
Property Features for 7520 Sombrilla Ave
General Information
- Standard status
- Pending
- Size
- 4,300 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1974
Listing agency
Home & Ranch Sotheby's Intl
(805) 610-5669
Listed by
Heather Desmond · License #01382083
(805) 610-5669
Source
Exitrealty
Added: Jan 11 Updated: Jul 21 at 8:38PM Checked: Jul 22 at 6:06AM
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 Home & Ranch Sotheby's Intl
Investment Insights
Based on property information with market context.
A well-maintained four-plex consisting of two buildings totaling approximately 4,300 square feet, plus two oversized shared storage units. The property is fully fenced with attractive landscaping, wide sidewalks, and a courtyard-style entry, along with a large common backyard with lawn and recreation area. Units feature vaulted ceilings and ceiling fans, and each offers private patios or decks. All units include full bathrooms and appliances such as a refrigerator, dishwasher, stove/oven, microwave, and washer/dryer in all units except one set noted as excluded. Newer flooring is in three units, and roofs are approximately seven years old. The unit mix includes one 2-story 3BD/2BA, one 2-story 3BD/1BA, and two 1-story 2BD/1BA units.
The property provides 13 parking spaces. Units A, B, and D are tenant-occupied with renters wishing to stay, and Unit C will be delivered vacant by February 1.
The property provides 13 parking spaces. Units A, B, and D are tenant-occupied with renters wishing to stay, and Unit C will be delivered vacant by February 1.
Key Highlights
- 1974‑built 4‑plex with two buildings totaling approx. 4,300 SF, plus two oversized shared storage units
- Four units with vaulted ceilings and ceiling fans; private patios/decks; newer flooring reported in three units
- Unit mix: one 3BD/2BA (~1,300 SF), one 3BD/1BA (~1,100 SF), and two 1BD/2BA (~950 SF each) with full bathrooms
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $131.6k | $30.60 |
| − Vacancy | −$3.1k | −$0.73 |
| EGI | $128.4k | $29.87 |
| − OpEx | −$38.5k | −$8.96 |
| NOI | $89.9k | $20.91 |
4,300 SF · lease $30.60/SF/yr · vacancy 2.38% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.28M
$1.12M – $1.50M
NOI $89,914 @ 7.0% cap · market cap 6.66%
Second Best
Apartment 5plus
$1.19M
$1.04M – $1.38M
NOI $83,012 @ 7.0% cap · market cap 6.15%
Theoretical Best
Healthcare Medical
$1.69M
$1.48M – $1.97M
NOI $118,379 @ 7.0% cap · market cap 8.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - A four-unit, two-building property featuring private patios or decks, vaulted ceilings, and a fenced common backyard.
Where is this quadplex located?
The property is located at 7520 Sombrilla Ave Atascadero, CA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 1974‑built 4‑plex with two buildings totaling approx. 4,300 SF, plus two oversized shared storage units; Four units with vaulted ceilings and ceiling fans; private patios/decks; newer flooring reported in three units; Unit mix: one 3BD/2BA (~1,300 SF), one 3BD/1BA (~1,100 SF), and two 1BD/2BA (~950 SF each) with full bathrooms
