CnC Realty
1 / 13

$300,000

551 N Ferrocarril

Atascadero, CA 93422

Active

1

Beds

1

Baths

480

Sq. Ft.

2005

Year Built

San Luis Obispo

County

Condominium

Property Type

About this home

Turnkey investment opportunity in the peaceful 55+ Casa Rio community. Situated on a level lot within this desirable 60-unit enclave, 551 N Ferrocarril delivers effortless single-level living with an established tenant in place for immediate cash flow. This well-maintained 1-bedroom, 1-bath home features a bright, low-maintenance layout opening to a private paver patio overlooking professionally landscaped grounds. Complete with central HVAC, dual-pane windows, indoor laundry with included stackable washer/dryer, refrigerator, and optional RV/boat parking. Conveniently located near the Juan Bautista de Anza trail, Trader Joe's, Starbucks, and shopping. Investors do not need to be 55+ to own (tenant/occupant only). Tenant occupied; please do not disturb occupant.

Listed by April Fehrer · DRE #01446379 · A List Properties
MLS #1193492181
ListedOct 20, 2026

Property Details

Architecture

Stories1
StyleSpanish
Total Units1
RoofSpanish Tile
Garage Spaces0
PoolN/A
SpaNone

Features & Amenities

Interior FeaturesLaminate Counters, Open Floorplan, All Bedrooms Down
Exterior FeaturesN/A
FlooringCarpet, Vinyl
CoolingCentral Air
HeatingCentral
FireplaceNone
LaundryInside, Stacked
Parking FeaturesDetached Carport
Parking Total1
Patio & PorchPorch
Entry Level1
Entry Location1
Common WallsNo Common Walls

Property Features

Lot Size0.01 ac
Lot FeaturesStreet Level
ViewNeighborhood
DirectionsFrom San Ramon offramp/El Camino Real intersection, travel North past Spring Hill Suites on ECR. Cross over bridge and turn left on N Ferrocarril. Travel straight until entering Casa Rio development.

Community

AreaATSC - Atascadero
School DistrictAtascadero Unified

Tax & Financial

TermsCash, Exchange1031
Land LeaseNo
HOA NameCasa Rio
HOA Fee$200 / Monthly

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Mortgage Estimate

$1,597/mo

20% down · 7% APR · 30-yr fixed

Estimate only. Does not include taxes, insurance, or HOA.

CRMLSLast updated: October 22, 2026 at 12:00 AM

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