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$5,125,000
Est. payment /mo
18,072 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 18,072 sqft
Price per Sqft $283
MLS Listing ID CRPI25058335
HOA Y/N No
Year Built 1983
Lot Size 1.027 Acres
Acres 1.03
Property Sub-Type Other
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 Maria’s growth and its potential for value-add initiatives.
Location
State CA
County Santa Barbara
Interior
Fireplace No
Laundry Other
Exterior
Utilities Available Other Water/Sewer
Building
Lot Description Corner Lot, Front Yard, Garden
Water Other
New Construction No
Others
Tax ID 121225009
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Listed by Steven Battaglia • Steven Battaglia, Broker