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$ 975,000
Est. payment | /mo
3 Beds
4 Baths
1,680 SqFt
$ 975,000
Est. payment | /mo
3 Beds
4 Baths
1,680 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,680 sqft
Price per Sqft $580
MLS Listing ID 24001685
Bedrooms 3
Full Baths 4
Year Built 1908
Lot Size 7,405 Sqft
Property Sub-Type Multi-Family
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 per cent 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 13 - Sm Northwest
Zoning Multi-Fam R3
Interior
Heating Wall Furnace
Cooling None
Exterior
Parking Features Street
Roof Type Composition
Building
Foundation Raised
Sewer Public Sewer
Water Public
Others
Acceptable Financing New Loan, Cash
Listing Terms New Loan, Cash
Listed by Steven R Battaglia • Battaglia Commercial RE
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "