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$731,500
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Property Description
Welcome to 5401 Capistrano Ave, a unique property in the heart of Atascadero, CA. This 4-unit residence offers an exceptional investment opportunity or an ideal living situation for those looking to establish their home in a vibrant community.
Sprawling across 2,724 square feet on an expansive 18,000 sq ft lot stands this impressive building. The main structure houses a triplex with the first floor featuring a spacious 2-bedroom unit complete with its own basement offering ample storage or potential additional living space. And 2 (1) bedroom units upstairs.
One of the standout features of this property is the detached 1-bedroom cottage that comes with its own large private yard tucked safely behind the main building and off the street. The property also boasts a detached barn providing potential for added value in the future.
Both the cottage and the garage have new roofs. On-site coin-operated laundry facilities further enhance the convenience and cash flow offered by this property.
The location is another big plus! Situated within walking distance to downtown Atascadero and Galaxy Theater, residents will enjoy easy access to a variety of dining, shopping, and entertainment options.
Atascadero itself is known for its rich history and natural beauty. From recreational parks to hiking trails, there's always something to do outdoors. It's also home to top-rated schools and healthcare facilities adding to the overall quality of life here.
This property presents an excellent opportunity for investors looking to establish new rents or owner-occupiers seeking low downpayment options. With its unique features and prime location, 5401 Capistrano Ave truly stands as an attractive prospect in today's market.
Full Property Details
Full Property Details for 5401 Capistrano Ave
General
- Sold For: $731,500
- Status: Closed
- Type: Multi-Family
- Source: MRMLS
- MLS ID: SC25100493
- Added to Site: 417 day(s) ago
Interior
- Rooms/Areas: Primary Bedroom, Entry, Laundry, Basement, Main Floor Primary Bedroom, Multi-Level Bedroom, Kitchen, Main Floor Bedroom, Family Room, Primary Suite, Primary Bathroom
- Fireplace(s): None
Rooms
Bathrooms
- Total Bathrooms: 5
- Full Bathrooms: 5
Bedrooms
- Total Bedrooms: 5
Other Rooms
- Laundry: Gas Dryer Hookup, Washer Hookup, Common Area
Additional Information
- Pool Description: None
Location
- County: San Luis Obispo
- Driving Directions: 101 N EXIT 219, LEFT ON EL CAMINO, RT ON CA-41, LFT ON CAPISTRANO .5MI ON RT
School Information
- School District: Atascadero Unified
Community
- Community Features: Gutters, Horse Trails, Golf, Biking, Dog Park, Hiking, Foothills, Lake, Street Lights, Urban, Storm Drains, Preserve/Public Land, Sidewalks, Park
Heating & Cooling
- Cooling Type: None
Utilities
- Sewer: Conventional Septic
Structural Information
- Structure Type: Quadruplex
- Common Walls: 1 Common Wall
- Entry Location: 1 and 2
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 2,724
- Sq. Ft. Source: Assessor
- Year Built: 1918
- Year Built Source: Assessor
Lot Features
- Property View: Neighborhood
- Lot Size (Acres): 0.4132
- Lot Size Source: Assessor
- Zoning: MF10
- Lot Description: Level with Street, Level, Front Yard, Back Yard
Financial Considerations
- Price Per Sq. Ft.: $268.54
Disclosures and Reports
- Special Conditions: Standard
Listed and Sold by Acquire Mortgage & Real Estate, Levi Seligman
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Schools
Schools serving 5401 Capistrano Ave
School District:Atascadero Unified School District
| Name | Grades | Distance |
|---|---|---|
San Benito Elementary School 4300 San Benito Road, Atascadero, CA 93422 | K-5 | 1.8 mi |
Atascadero Middle School 6501 Lewis Avenue, Atascadero, CA 93422 | 6-8 | 0.4 mi |
Atascadero High School 1 High School Hill Road, Atascadero, CA 93422 | 9-12 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5401 Capistrano Ave
Date
Details
Price
Change
Source
4/30/2026
Sold
$731,500
-20.66%
MLS
12/12/2025
Price Reduced
$922,000
-7.34%
MLS
9/29/2025
Price Reduced
$995,000
-7.44%
MLS
8/06/2025
Listed
$1,075,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
5401 Capistrano Avenue, Atascadero, CA 93422 (MLS# SC25100493) is a Multi-Family property that was sold at $731,500 on April 30, 2026. Want to learn more about 5401 Capistrano Avenue? Do you have questions about finding other Multi-Family real estate for sale in Atascadero? You can browse all Atascadero real estate or contact a Coldwell Banker agent to request more information.

