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$5,125,000
Est. payment /mo
42 Beds
1.03 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PI25058335
Bedrooms 42
HOA Y/N No
Lot Size 1.027 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
This portfolio offers a rare opportunity to acquire 17 units in the rapidly growing Santa Maria market, the fastest-growing area in Santa Barbara County. Known for its relatively affordable housing and strong job base, Santa Maria is a highly desirable location for both tenants and investors. The portfolio consists of 3 properties with a total of 17 units, each strategically positioned to provide steady occupancy and income. Portfolio includes 409-415 Tiffany Dr & 435 E Newlove Dr, Santa Maria. Unit mix over all properties is (9) 3-Bedroom, (7) 2-Bedroom, and (1) Studio. While some of the properties may require updates, they offer significant upside potential through modest rent increases, possible improvements, and opportunities for expansion. With strong demand for housing in the area, this is an ideal investment for those looking to capitalize on Santa Marias growth and its potential for value-add initiatives.
This portfolio offers a rare opportunity to acquire 17 units in the rapidly growing Santa Maria market, the fastest-growing area in Santa Barbara County. Known for its relatively affordable housing and strong job base, Santa Maria is a highly desirable location for both tenants and investors. The portfolio consists of 3 properties with a total of 17 units, each strategically positioned to provide steady occupancy and income. Portfolio includes 409-415 Tiffany Dr & 435 E Newlove Dr, Santa Maria. Unit mix over all properties is (9) 3-Bedroom, (7) 2-Bedroom, and (1) Studio. While some of the properties may require updates, they offer significant upside potential through modest rent increases, possible improvements, and opportunities for expansion. With strong demand for housing in the area, this is an ideal investment for those looking to capitalize on Santa Marias growth and its potential for value-add initiatives.
This portfolio offers a rare opportunity to acquire 17 units in the rapidly growing Santa Maria market, the fastest-growing area in Santa Barbara County. Known for its relatively affordable housing and strong job base, Santa Maria is a highly desirable location for both tenants and investors. The portfolio consists of 3 properties with a total of 17 units, each strategically positioned to provide steady occupancy and income. Portfolio includes 409-415 Tiffany Dr & 435 E Newlove Dr, Santa Maria. Unit mix over all properties is (9) 3-Bedroom, (7) 2-Bedroom, and (1) Studio. While some of the properties may require updates, they offer significant upside potential through modest rent increases, possible improvements, and opportunities for expansion. With strong demand for housing in the area, this is an ideal investment for those looking to capitalize on Santa Marias growth and its potential for value-add initiatives.
Location
State CA
County Santa Barbara
Area Santa Maria (93454)
Zoning Other
Building
Lot Description Corner Lot, Sidewalks
Story 2
Sewer Other/Remarks
Others
Monthly Total Fees $4, 516
Acceptable Financing Cash
Space Rent $32,357
Listing Terms Cash
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Listed by Steven Battaglia • Steven Battaglia, Broker
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