9109 Principal Avenue $2,400,000

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    9109 Principal Avenue Atascadero, CA 93422

    • 3.78 Acres
    • Land
    • MLS# PI19269673
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    Views: 5 Days On Market: 49

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    Property Details

    Attention all builders and developers!!! Principal Mixed Use Project consists of Tract 3070 at 9105, 9107, and 9109 Principal and 9300 Pino Solo. Fully entitled for 52 houses consisting of 4 different plan types that includes townhouses, live work townhouses, stacked flats, and detached houses. Atascadero is a bedroom community of San Luis Obispo County. The projects's location is at the south end of Atascadero allows a commute of approx. 15 minutes to SLO. Principal will have monthly HOA dues of approx $100 per month. The project must sell 3 stacked flat units to low income buyers and 1 stacked flat unit to a moderate income buyer. In October, 2019, the price limit for a low income buyer is $221,000 and a Moderate Income buyer is $425,000. There is a recorded REA between the housing development and the adjacent Quiky car wash. Quiky pays for all of the cost of maintaining the shared access driveway. The Quiky car wash opened in Summer, 2019. Its operations do not create enough noise to impact house sales. The REA provides that Quiky Car Wash is responsible for any improvements along El Camino Real. To the best of our knowledge, in 2020 and 2021, Principal will be the only entry level housing project under construction in North County (consisting of Atascadero, Templeton, and Paso Robles)which has a combined population of approximately 100,000. Similar products sold in 2017-2018 went for an average price of $465,000.

    • General Features
      • Subdivision Name ATSoutheast(40)
      • County Or Parish San Luis Obispo
      • Community Features Curbs
    • Property Features
      • View Neighborhood
      • Lot Size Acres 3.78

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    Property History

    Date Event Price Percent Change
    -- Current Price Source New Value: $2,400,000
    12/6/2019 10:17:00 AM New in Database Source

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    Based on information from California Regional Multiple Listing Service, Inc. as of 1/24/2020 10:59:08 PM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.