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$975,000
Est. payment /mo
1 Bed
2 Baths
7,405 Sqft Lot
UPDATED:
01/25/2025 10:24 PM
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PI25003141
Bedrooms 1
HOA Y/N No
Lot Size 7,405 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Four separate cottages in an established residential area of Santa Maria. Unit mix includes 3 1Bed/1Bath apartments and 1 studio, each with separate electric and gas meters. New roofs in 2023. On a good-sized lot with alley access. Over 30% upside in rents. Buyer to check with the city about potential of adding ADU at back of property. This is a solid, bread-and-butter income property as-is and offers upside potential for the prudent buyer to increase rents and upgrade the property to increase the value of this asset.
Four separate cottages in an established residential area of Santa Maria. Unit mix includes 3 1Bed/1Bath apartments and 1 studio, each with separate electric and gas meters. New roofs in 2023. On a good-sized lot with alley access. Over 30% upside in rents. Buyer to check with the city about potential of adding ADU at back of property. This is a solid, bread-and-butter income property as-is and offers upside potential for the prudent buyer to increase rents and upgrade the property to increase the value of this asset.
Four separate cottages in an established residential area of Santa Maria. Unit mix includes 3 1Bed/1Bath apartments and 1 studio, each with separate electric and gas meters. New roofs in 2023. On a good-sized lot with alley access. Over 30% upside in rents. Buyer to check with the city about potential of adding ADU at back of property. This is a solid, bread-and-butter income property as-is and offers upside potential for the prudent buyer to increase rents and upgrade the property to increase the value of this asset.
Location
State CA
County Santa Barbara
Area Santa Maria (93458)
Zoning Public Rec
Building
Story 1
Lot Size Range 4000-7499 SF
Level or Stories 3 Story
Others
Acceptable Financing Cash
Space Rent $1,295
Listing Terms Cash
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Listed by Steven Battaglia • Steven Battaglia, Broker