223 E Tunnell St Santa Maria, CA 93454
Mid City Acres NeighborhoodEstimated payment $9,011/month
Highlights
- 0.43 Acre Lot
- Corner Lot
- Wall Furnace
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
Central Coast Sotheby's International Realty License #02061242 Listed on: 03/03/2026
Property Details
Home Type
- Multi-Family
Year Built
- 1940
Lot Details
- 18,731 Sq Ft Lot
- Corner Lot
Home Design
- 4,973 Sq Ft Home
- Flat Roof Shape
- Raised Foundation
Bedrooms and Bathrooms
- 10 Bedrooms
- 7 Full Bathrooms
Utilities
- No Cooling
- Wall Furnace
- Separate Meters
- Individual Gas Meter
Community Details
- 7 Units
- No Laundry Facilities
Listing and Financial Details
- The owner pays for trash collection, water, gardener, taxes, insurance
- Seller Considering Concessions
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 |
|---|---|---|---|---|---|
| 05/12/2026 05/12/26 | Pending | -- | -- | -- | |
| 05/04/2026 05/04/26 | Price Changed | $1,450,000 | -10.8% | $292 / Sq Ft | |
| 04/12/2026 04/12/26 | Price Changed | $1,625,000 | -9.7% | $327 / Sq Ft | |
| 03/03/2026 03/03/26 | 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: North Santa Barbara County Regional MLS
MLS Number: 26000387
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Ask me questions while you tour the home.