3975 Monterey

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3975 Monterey

Atascadero, CA 93422
Asking Price
$295K
Asset Type
Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Parcel spans 1.49 acres of land in Atascadero.
  • The property is currently offered for sale at $295,000.
  • Located in San Luis Obispo County on the Central Coast.
  • Site coordinates are situated at 35.4959 and -120.6846.
  • The land is suitable for various development project types.

What's Special

This 1.49-acre land parcel in Atascadero, California, presents a clear development potential for investors and land buyers. Situated in San Luis Obispo County, the site benefits from the central coast regional environment known for steady growth and accessible infrastructure. The terrain and scale of this property allow for various project possibilities, ranging from custom residential developments to specific commercial applications depending on municipal planning requirements. Atascadero remains a key connector in the region, positioned near major corridors that link coastal communities to the inland central valley. The property provides a straightforward acquisition for those looking to expand their footprint in a market characterized by limited developable land and consistent regional demand. Buyers are encouraged to verify site-specific entitlements and utility access with the local planning department to confirm how this parcel fits their specific development goals. The transaction provides an opportunity to secure acreage within a recognized and established community in California.

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NOI
$80,000
Cap Rate
27.12%
DSCR
4.57
Strong
Cash-on-Cash
70.61%
Monthly Payment
$1,459.499
Annual Cash Flow
$62,486.011

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