Best Income Properties in Atascadero: A Smart Investor’s Guide

Atascadero is emerging as a solid investment location, offering opportunities for rental income, long-term appreciation, and mixed-use flexibility. Whether you're looking for a turnkey rental property, a value-add fixer, or a live/work space, the local market has options to match different investment strategies.

Here’s a breakdown of some of the best income properties currently on the market and what makes them attractive for investors.

Top Income Properties in Atascadero

11712 Wickson Way ($675,000) – Immediate Cash Flow

• Beds/Baths: 3/3

• Size: 1,832 sq. ft.

• Price per Sq. Ft.: $368

• HOA: $232/month

• Why It’s a Great Investment:

  • Current tenants paying $3,250/month, providing immediate rental income.

  • Located in Dove Creek, a planned development with parks and walking trails, making it desirable for long-term renters.

  • Low-maintenance property with modern amenities.

7010 Morro Rd ($515,000) – Mixed-Use Live/Work Flexibility

• Beds/Baths: 3/1

• Size: 1,000 sq. ft.

• Price per Sq. Ft.: $515

• Zoning: Commercial/Residential

• Why It’s a Great Investment:

  • Prime location on Highway 41 West, offering high visibility for a business while also functioning as a residence.

  • Flexible for either long-term rental or short-term business leasing.

  • Potential for increased value as Atascadero grows.

9369 Riberena Cir #11 ($670,000) – Gated Community Condo with Strong Demand

• Beds/Baths: 3/3

• Size: 2,002 sq. ft.

• Price per Sq. Ft.: $334

• HOA: $329/month

• Why It’s a Great Investment:

  • Spacious layout in the desirable Woodridge gated community.

  • Minimal maintenance – HOA covers landscaping and exterior upkeep.

  • Close to La Paloma Park and hiking trails, making it attractive for renters.

What to Consider When Buying an Income Property in Atascadero

When evaluating investment properties, here are key factors to keep in mind:

1. Cash Flow vs. Appreciation

• If your priority is immediate rental income, 11712 Wickson Way is the strongest option, with tenants already in place.

• If you're looking for long-term appreciation, a commercially zoned property like 7010 Morro Rd offers strong upside potential.

2. HOA Fees & Maintenance Costs

• Condos in gated communities (like 9369 Riberena Cir) come with HOA fees ($232-$486/month) but require minimal upkeep.

• Standalone homes have no HOA, offering more freedom but requiring higher maintenance responsibilities.

3. Rental Demand & Market Trends

• Properties near downtown Atascadero and close to Highway 101 tend to have stronger rental demand.

• Mixed-use and flexible-zoning properties may offer short-term rental potential, but HOA and city regulations should be checked.

Final Takeaways

Atascadero offers strong investment opportunities for various strategies:

• For Turnkey Investors: 11712 Wickson Way provides immediate income with minimal effort.

• For Entrepreneurs & Mixed-Use Buyers: 7010 Morro Rd allows business rental flexibility.

• For Low-Maintenance Investors: 9369 Riberena Cir is an ideal long-term condo rental.

Each of these properties has unique benefits, so your decision will depend on your investment strategy. Need insights on rental comps or financing options? Let’s connect and explore how these properties fit your portfolio. 🚀