Sold: Mar 25, 2024
Listed By:
Jason Hart with Hart Commercial Real Estate;
Sold By:
Radius Group Commercial RE
Address
101 Rice Ranch Rd, Santa Maria, CA
Price
$ 3,150,000
Property Attributes
  • MLS#PI23223115
  • TypeMulti-Family
  • CountySANTA BARBARA
  • CitySanta Maria
  • Zip93455
  • Style
  • Price$ 3,150,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage12939
  • Lot Size1.87 Acres
Data Source:
California Regional MLS (CRMLS)
Property Description

This well-maintained 10-unit townhouse complex is a perfect investment for an investor looking for an asset in a prime location. The property features spacious 2-bedroom apartment homes averaging over 1,200 SF, each with their own private patio and garage. The complex was recently tented and had extensive facia work, exterior painting and roof work completed. Additionally, new roll-up garage doors, many new ranges and water heaters were installed, as well as the parking area resurfaced. All units are separately metered for water, gas and electric, helping to keep owner expenses low. Rents are well below market. Market rents equate to a 5.53% Cap Rate.

Price History
12/8/2023 Listed $3,250,000

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 93455

Price
AVG $820K
$3.15M

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