Capitalize on the opportunity to reimagine 5265 Magdalena, a charming 2-bedroom, 2-bathroom home situated on an expansive 9,850-square-foot lot at the end of a quiet street near the heart of downtown Atascadero. Shops, dining and activities are just moments away. The house offers approximately 1,337 square feet of living space with room to expand.
The large lot is shaded by beautiful mature oak trees creating a welcoming outdoor space with room to garden, entertain, relax, or bring your own ideas to life. Inside this functional, single level floor plan, you'll appreciate the wood-burning stove which adds warmth and character as well as the abundant natural light filtering in through the wood-cased windows.
Ready to renovate? Maximize the existing property while taking advantage of the generous lot size. Check with the city for the potential addition of a garage and/or ADU. Whether you're looking to embark on a starter home or capitalize on the investment opportunity this is the perfect canvas.
5580 Traffic Way 2: Sold $350,000 · 2 bd · 1 ba · 800 sqft · Aug 2026 · 0.5 mi Invest SLO | DRE #02152275 Buyer's agent: Chelsea King, Invest SLO | DRE #02152275
038 Sycamore Rd: Sold $305,000 · Oct 2026 · 0.7 mi Century 21 Masters | DRE #00619856 Buyer's agent: Lisa Lewis, Central Coast Sotheby's International Realty | DRE #01492410
4435 San Jacinto Avenue: Sold $925,000 · 3 bd · 2 ba · 1,686 sqft · Jul 2026 · 0.8 mi COMPASS | DRE #01774193 Buyer's agent: Mindy Chubon, GUIDE Real Estate | DRE #02002045
7280 Valle: Sold $770,000 · 3 bd · 2 ba · 1,408 sqft · Aug 2026 · 0.8 mi Pippin Real Estate | DRE #01079616 Buyer's agent: Kelly Thulin, Malik Real Estate Group, Inc. | DRE #00929260
3371 Via Del Sueno: Sold $1,305,000 · 4 bd · 2 ba · 2,464 sqft · Sep 2026 · 0.9 mi Christie's International Real Estate Sereno | DRE #01868098 Buyer's agent: Joanna Nowinski, Century 21 Masters | DRE #01985606
4860 Nogales: Sold $820,000 · 4 bd · 3 ba · 2,300 sqft · Aug 2026 · 0.9 mi Peek Realty | DRE #02084947 Buyer's agent: Seth Peek, Peek Realty | DRE #02152940
4540 Mananita: Sold $720,000 · 3 bd · 2 ba · 1,132 sqft · Jul 2026 · 0.9 mi RE/MAX Success | DRE #01384413 Buyer's agent: Karly Jane Smith, LPT Realty, Inc. | DRE #01833067
7405 Castano Avenue: Sold $839,900 · 3 bd · 2 ba · 1,506 sqft · Aug 2026 · 0.9 mi RE/MAX Parkside Real Estate | DRE #01275065 Buyer's agent: Andrew Easterbrook, GUIDE Real Estate | DRE #02217422