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$ 5,125,000
Est. payment | /mo
42 Beds
18,072 SqFt
$ 5,125,000
Est. payment | /mo
42 Beds
18,072 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 18,072 sqft
Price per Sqft $283
MLS Listing ID 25000487
Bedrooms 42
Lot Size 1.027 Acres
Property Sub-Type Multi-Family
Property Description
17 units in the rapidly growing Santa Maria market, the fastest-growing area in Santa Barbara County. Known for its relatively affordable housing & strong job base, Santa Maria is a highly desirable location for both tenants & 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, and 435 E Newlove Dr Santa Maria, CA) Unit mix is (9) 3-Bed, (7) 2-Bed, and (1) Studio. Properties offer significant upside potential through modest rent increases, possible improvements, and opportunities for expansion. This is an ideal investment for those looking to capitalize on Santa Maria's growth and its potential for value-add initiatives.
Location
State CA
County Santa Barbara
Area 14 - Sm Northeast
Interior
Heating Other Heat
Cooling Other
Exterior
Roof Type Other
Building
Foundation Slab, Pillar/Post/Pier
Others
Acceptable Financing New Loan, Exchange, Cash
Listing Terms New Loan, Exchange, Cash
Listed by Steven R Battaglia • Battaglia Commercial RE