Exceptional offering for developers, investors, or those seeking a multi-use property in one of the Atascadero's most prime locations. This spacious corner lot comes fully approved to build six 2-bedroom, 2-bathroom apartment units behind the existing home-an extraordinary opportunity to expand with ease. Permits, plans, and bid package are in place, providing a seamless path to development. The front residence is a well-maintained 4-bedroom, 2-bathroom home, currently tenant-occupied and generating $3,600/month in rental income. Thoughtful updates throughout include dual-pane windows, laminate wood flooring, fresh stucco exterior, stamped concrete patio and walkways, and low-maintenance landscaping. An open-concept layout and modern finishes make this home both inviting and functional. Ideally located in West Atascadero, just moments from the Atascadero Lake, Charles Paddock Zoo, Stadium Park, Downtown Atascadero, and less than 15 minutes to the beach, local wineries, and all the charm of the Central Coast. Whether you're looking to build your real estate portfolio, create long-term rental income, or live onsite while developing-truly a rare find! Schedule your showing today.