223 E Tunnell St Santa Maria, CA 93454
Mid City Acres NeighborhoodEstimated payment $10,388/month
Highlights
- 0.43 Acre Lot
- No HOA
- Wall Furnace
- Lawn
- Neighborhood Views
- 1-Story Property
About This Home
Welcome to 223 East Tunnell in beautiful Santa Maria, CA. This is a rare opportunity to purchase a multi-family rental property on a large, centrally located parcel with strong current income and room for future growth. This unique property features seven (7) single-level casitas thoughtfully arranged around a charming common courtyard, creating a welcoming community setting for residents. The property consists of four separate building structures comprising four 1-bedroom units and three 2-bedroom units. Several casitas feature private backyard spaces, while all residents enjoy access to the shared green common area in the front. Current monthly rental income is over $12,000 per month, with tenants paying electric/gas on separate meters. Various units have a private backyard space, and all units have access to a green common area in the front. The rear parking lot, conveniently accessed via the alley, offers seven onsite parking spaces along with an owner’s storage shed that presents potential for conversion into onsite laundry facilities. 223 East Tunnell is primed for a new owner to implement their vision and maximize its potential. Call today for a private showing.
Listing Agent
Link Real Estate Group, Inc. Brokerage Phone: 805-801-6498 License #01335779 Listed on: 02/27/2026
Co-Listing Agent
Central Coast Sotheby's International Realty Brokerage Phone: 805-801-6498 License #02061242
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1950
Lot Details
- 0.43 Acre Lot
- Two or More Common Walls
- Lawn
Home Design
- Quadruplex
- Entry on the 1st floor
- Flat Roof Shape
Interior Spaces
- 4,973 Sq Ft Home
- 1-Story Property
- Neighborhood Views
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Parking
- 7 Open Parking Spaces
- 7 Parking Spaces
- Parking Available
- Unpaved Parking
Location
- Suburban Location
Utilities
- Wall Furnace
- Natural Gas Connected
Listing and Financial Details
- Legal Lot and Block 6 / 3
- Assessor Parcel Number 121153007
Community Details
Overview
- No Home Owners Association
- 4 Buildings
- 7 Units
- Sm Northeast Subdivision
Building Details
- 7 Separate Electric Meters
- 7 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $8,324
- Professional Management Expense $8,618
- Trash Expense $726
- Water Sewer Expense $8,193
- Operating Expense $62,853
- Gross Income $149,570
- Net Operating Income $86,717
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $13,771 | $1,273,449 | $530,604 | $742,845 |
| 2023 | $13,771 | $1,224,000 | $510,000 | $714,000 |
| 2022 | $13,298 | $1,200,000 | $500,000 | $700,000 |
| 2021 | $4,628 | $417,610 | $208,805 | $208,805 |
| 2020 | $4,622 | $413,328 | $206,664 | $206,664 |
| 2019 | $4,570 | $405,224 | $202,612 | $202,612 |
| 2018 | $4,513 | $397,280 | $198,640 | $198,640 |
| 2017 | $4,461 | $389,492 | $194,746 | $194,746 |
| 2016 | $4,269 | $381,856 | $190,928 | $190,928 |
| 2014 | $4,009 | $368,756 | $184,378 | $184,378 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/27/2026 02/27/26 | For Sale | $1,799,000 | +49.9% | $362 / Sq Ft | |
| 11/05/2021 11/05/21 | Sold | $1,200,000 | -- | $240 / Sq Ft | View Prior Sale |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SC26042800
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
- 226 E Tunnell St
- 304 E Fesler St
- 117 W Fesler St Unit A,B,C,D,E
- 215 N Miller St
- 295 N Broadway Unit 201
- 408 N East Ave
- 127 Agnes Ave
- 212 E Orchard St
- 1324 N Broadway
- 738 E McElhany Ave
- 420 N Railroad Ave
- 221 Marquis Place
- 911 E Evergreen Ave
- 511 W Cook St
- 525 E Boone St Unit A, B, MAIN
- 132 Clubhouse Ln
- 621 E Cox Ln
- 529 S Pine St
- 812 Del Rey Ln
- 1204 N Oakley Ave
- 712 N Lincoln St
- 0 E Tunnell St
- 0 E Hermosa St
- 0 E Cook St
- 728 W El Camino St
- 823 E Cypress St
- 534 E Boone St
- 0 E Boone St Unit B
- 0 E Boone St Unit A
- 0 S Hart Dr
- 517 E Park Ave
- 0 E Grant St Unit A
- 406 W Morrison Ave
- 329 E Mariposa Way
- 0 Farrell Dr
- 740 S Western Ave
- 0 de Armond Place
- 327 Plaza Dr
- 333 E Enos Dr
- 2223 Almond Ln
Ask me questions while you tour the home.