215 N Miller Street, Santa Maria, CA 93454

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Glen Henderson

[email protected] +1(619) 889-7646

$5,125,000

Est. payment - /mo

42 Beds

1.03 Acres Lot

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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

Type of Financing Cash

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.

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

CFD/Mello-Roos Fee $54, 203

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Listed by Steven Battaglia • Steven Battaglia, Broker

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

215 N Miller Street Santa Maria, CA 93454

Glen Henderson

Key Details

Location

Building

Others

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