4-Unit Quadplex with Attached
For Sale
$1,190,000
Pending
9144 San Rafael Ct, Atascadero, CA 93422
Four detached rental homes provide a flexible residential income property near shopping, restaurants, schools, and freeway access.
Property Size3,264 SF
Days on Market58
Property Features for 9144 San Rafael Ct
General Information
Standard status
Pending
Size
3,264 SF
Total Parking Spaces
4
Property subtype
Investment
Zoning
MF10
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Highway Access
Yes
Building Details
Building Size
3,264 SF
Year Built
1965
Buildings
4
Stories
1
Units
4
Listed By:
Michael Hanson
(805) 462-0891
Source:
Elliman
Added: Aug 20
Changed: Oct 9
Last Checked: Oct 15 at 12:30AM
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 Michael Hanson
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This quadplex comprises four separate homes, each measuring approximately 816 SF with two bedrooms, one bathroom, and an attached one-car garage. The four existing units provide an established residential rental configuration, while the individual-home layout supports a range of ownership and occupancy arrangements.
Located at 9144 San Rafael Ct in Atascadero, the property is positioned near shopping, restaurants, and schools, with freeway access for regional commuting. The property is identified as MF10 zoning; buyers should confirm the designation and any development possibilities directly with the City of Atascadero. The 1965-built property has a Bike Score of 50 and a Walk Score of 0, reflecting a bikeable but car-dependent setting.
Located at 9144 San Rafael Ct in Atascadero, the property is positioned near shopping, restaurants, and schools, with freeway access for regional commuting. The property is identified as MF10 zoning; buyers should confirm the designation and any development possibilities directly with the City of Atascadero. The 1965-built property has a Bike Score of 50 and a Walk Score of 0, reflecting a bikeable but car-dependent setting.
Key Highlights
- Four separate residential units, each with 2 bedrooms and 1 bathroom
- Each home includes an attached 1‑car garage
- Approximately 816± SF per home
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,251
Cap Rate
5.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,365,020
$1.4M
Cap Rate 7%
$975,014
$975.0K
Cap Rate 9%
$758,344
$758.3K
Market Conditions
NOI Build-Up for 3,264 SF
Gross rent
$99.9K $30.60/SF
− Vacancy
−$2.4K −$0.73/SF
EGI
$97.5K $29.87/SF
− OpEx
−$29.3K −$8.96/SF
NOI
$68.3K $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%
$1,365,020
Cap Rate 7%
$975,014
Cap Rate 9%
$758,344
Alternative Uses
Best Use
Multifamily LT 5
$975.0K
$853.1K – $1.14M
NOI $68,251 @ 7.0% cap · market cap 5.74%
Second Best
Apartment 5plus
$900.2K
$787.7K – $1.05M
NOI $63,012 @ 7.0% cap · market cap 5.30%
Theoretical Best
Healthcare Medical
$1.28M
$1.12M – $1.50M
NOI $89,858 @ 7.0% cap · market cap 7.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
388
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
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four detached rental homes provide a flexible residential income property near shopping, restaurants, schools, and freeway access.
Where is this quadplex located?
The property is located at 9144 San Rafael Ct Atascadero, CA.
What is the asking price?
The asking price for this property is $1,190,000.
What are key features of this property?
This property features: Four separate residential units, each with 2 bedrooms and 1 bathroom; Each home includes an attached 1‑car garage; Approximately 816± SF per home
