$1,900,000

435 E Newlove Dr Santa Maria, CA 93454

Santa Maria East Neighborhood

Estimated payment $12,424/month

Total Views 349
18 Beds
18 Baths
8,640 Sq Ft
$220 Price per Sq Ft

Highlights

  • Popular Property
  • Tile Countertops
  • Tile Flooring
  • 0.59 Acre Lot
  • Laundry Room
  • Forced Air Heating System

About This Home

This 6-unit apartment building consists of all 2-story, 3Bed/2.5Bath townhouse units, each with a 2-car garage and laundry hookups. Located on a half-acre lot, the property is conveniently situated near Enos Ranch and the Betteravia Rd shopping area, providing tenants with easy access to shopping and local amenities. The property also offers strong potential with extra space at the back of the lot that could allow for the construction of two additional units. A great opportunity for investors seeking to add value.

Listing Agent

Steve Battaglia

Steven Battaglia, Broker Brokerage Phone: 8056806431 License #01318215 Listed on: 07/22/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1983

Lot Details

  • 0.59 Acre Lot
  • Two or More Common Walls
  • Density is 11-15 Units/Acre

Parking

  • 12 Car Garage
  • Parking Available

Home Design

  • Split Level Home
  • Apartment
  • Slab Foundation
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 8,640 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Kitchen

  • Gas Range
  • Tile Countertops

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 18 Bedrooms
  • 18 Bathrooms

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Tax Lot 25
  • Assessor Parcel Number 128073002

Community Details

Overview

  • 6 Buildings
  • 6 Units
  • Sm Northeast Subdivision

Building Details

  • 6 Leased Units
  • 7 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $22
  • Insurance Expense $3,000
  • Professional Management Expense $10,794
  • Water Sewer Expense $13,500
  • Operating Expense $56,801
  • Gross Income $158,964
  • Net Operating Income $97,394

Property Details

Home Type

Multi-Family

Year Built

Built in 1983

Lot Details

0

Parking

12

Listing Details

  • CapRate: 5.13
  • Price Per Unit: 316667
  • Professional Management Expense: 10794.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: SM Northeast(910)
  • Water Sewer Expenses: 13500.00
  • Zoning: R2
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 128073002
  • Year Built: 1983
  • Special Features: None

Interior Features

  • Interior Amenities: Tile Counters
  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile, Vinyl
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Multi/Split
  • Price Per Square Foot: 219.91

Exterior Features

  • Foundation: Slab
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No

Garage/Parking

  • Garage Spaces: 12.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 12.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range
  • Heating Type: Forced Air
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 25700.00
  • Lot Size Acres: 0.5900

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Average3 Bed Area: 1440 Square Feet
  • Electric Expense: 22.00
  • Gross Income: 158964.00
  • Gross Multiplier: 11.95
  • Gross Scheduled Income: 158964.00
  • Insurance Expense: 3000.00
  • Lot Size Area: 25700.0000 Square Feet
  • Net Operating Income: 97394.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Number With Dishwasher: 6
  • Number With Range: 6
  • Number With Refrigerator: 6
  • Operating Expense: 56801.00
  • Rent Control: No
  • Total Actual Rent: 13247.00
  • Total Expenses: 56801.00

Tax Info

  • Tax Census Tract: 21.03
  • Tax Lot: 25

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/21/2025 07/21/25 For Sale $1,900,000 -- $220 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PI25158805

California Regional Multiple Listing Service (CRMLS)

California Santa Barbara County Santa Maria 93454 Santa Maria East

435 E Newlove Dr, Santa Maria, CA

This home is located at 435 E Newlove Dr, Santa Maria, CA 93454 and is currently priced at $1,900,000, approximately $219 per square foot. This property was built in 1983. 435 E Newlove Dr is a home located in Santa Barbara County with nearby schools including Washington Battles Elementary School, Fesler (Isaac) Junior High School, and Santa Maria High School.

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.

California Regional Multiple Listing Service (CRMLS) 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

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Steve Battaglia
Listing Agent
Steve Battaglia
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Steven Battaglia, Broker
(805) 301-1977