NOT LISTED FOR SALE

706 Central Ave Unit A Santa Maria, CA 93454

Estimated Value: $588,000 - $705,000

2 Beds
2 Baths
7,405 Sq Ft
$88/Sq Ft Est. Value

Last Sold April 24, 2024

Last sale price $639,000 $86 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $3,951/month

111 Days on Market

About This Home

As of April 2024

Welcome to this unique real estate opportunity! Nestled on a single expansive lot, this property presents an excellent investment potential as a multi-unit dwelling.The first residence, conveniently located at the front of the property, is a well-appointed 2-bedroom, 1-bathroom home.,This dwelling provides a comfortable and inviting living space, making it an ideal choice for occupants seeking a cozy yet spacious environment. Adding to the property's charm, the second home is discreetly accessed through the alley, ensuring privacy for both units. This secondary dwelling is a studio with 1 bathroom, Excitingly, this property also holds potential for expansion. Prospective buyers may explore the possibility of constructing two additional units on the premises, offering an enticing opportunity for increased rental income or multifamily living. However, it is crucial for new buyers to conduct thorough due diligence and verify the feasibility of such expansion plans with the city authorities. The neighborhood is known for its convenient location, proximity to amenities, Whether you're an investor seeking to maximize rental income or a homeowner looking for a property with supplementary rental income.

Last Agent to Sell the Property

Martha Calderon

Real Estate Unlimited, Inc. Brokerage Phone: 805-310-1150 License #01371766 Listed on: 11/29/2023

Real Estate Unlimited, Inc.

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,203

Year Built

  • Built in 1945

Lot Details

  • 7,405 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 2 Bedrooms
  • 7,405 Sq Ft Home
  • 1-Story Property

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 349
  • Assessor Parcel Number 125122002

Community Details

Overview

  • 3 Buildings
  • 2 Units
  • Sm Northeast Subdivision

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $2,300
  • Operating Expense $2,300
  • Gross Income $3,850
  • Net Operating Income $43,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,203

Year Built

Built in 1945

Lot Details

0

Parking

2

Listing Details

  • Price Per Unit: 324500
  • Property Attached: No
  • Subdivision Name Other: SM Northeast(910)
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 125122002
  • Year Built: 1945
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 86.29

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7405.00
  • Lot Size Acres: 0.1700
  • Latitude Manual: 34.94766000

Multi Family

  • Gross Income: 3850.00
  • Gross Scheduled Income: 46200.00
  • Insurance Expense: 2300.00
  • Lot Size Area: 7405.0000 Square Feet
  • Net Operating Income: 43900.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 2300.00
  • Rent Control: No
  • Total Expenses: 2300.00

Tax Info

  • Tax Census Tract: 21.01
  • Tax Lot: 349

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 29, 2023
Closed on
Mar 29, 2024
Sold by
Briseno Alejandro and Calderon Bianca
Bought by
Chad & Deborah Hartford Family Trust and Hartford
Seller's Agent
Martha Calderon
Real Estate Unlimited, Inc.
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$729,000
Sold Price
$639,000
Premium/Discount to List
-$90,000
-12.35%
Views
234
Current Estimated Value
$650,427

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,427
Avg. Annual Appreciation
0.80%
Original Mortgage
$476,250
Outstanding Balance
$469,392
Interest Rate
6.74%
Mortgage Type
New Conventional
Estimated Equity
$176,709

Purchase Details

Closed on
Sep 10, 2020
Sold by
Nunez Victor and Delnunez Luz Del
Bought by
Briseno Alejandro and Calderon Bianca

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$436,939
Interest Rate
2.9%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 5, 2019
Sold by
Vho Properties Llc
Bought by
Nunez Victor and Nunez Luz Del Carmen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,500
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 29, 2011
Sold by
Osburn Ronald J
Bought by
Vho Properties Llc

Purchase Details

Closed on
Sep 6, 2011
Sold by
Osburn Hughel R
Bought by
Vho Properties Llc

Purchase Details

Closed on
Sep 5, 2011
Sold by
Osburn David R
Bought by
Vho Properties Llc

Purchase Details

Closed on
Mar 25, 2008
Sold by
Osburn Norma Jean
Bought by
Osburn Norma Jean and Osburn Vernon Richard
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Chad & Deborah Hartford Family Trust $635,000 Fidelity National Title Compan
Briseno Alejandro $445,000 Fidelity National Title Co
Nunez Victor $345,000 Fidelity National Title Co
Vho Properties Llc -- None Available
Vho Properties Llc -- None Available
Vho Properties Llc -- None Available
Osburn Vernon R -- None Available
Vho Properties Llc -- None Available
Osburn Norma Jean -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chad & Deborah Hartford Family Trust $476,250
Previous Owner Briseno Alejandro $436,939
Previous Owner Nunez Victor $310,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/24/2024 04/24/24 Sold $639,000 -1.5% $86 / Sq Ft
03/19/2024 03/19/24 Pending -- -- --
02/12/2024 02/12/24 Price Changed $649,000 -3.0% $88 / Sq Ft
01/12/2024 01/12/24 Price Changed $669,000 -4.3% $90 / Sq Ft
12/10/2023 12/10/23 Price Changed $699,000 -4.1% $94 / Sq Ft
12/06/2023 12/06/23 For Sale $729,000 +14.1% $98 / Sq Ft
12/01/2023 12/01/23 Off Market $639,000 -- --
11/29/2023 11/29/23 For Sale $729,000 -- $98 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $5,203 $897,700 $255,000 $642,700
2023 $5,203 $462,978 $156,060 $306,918
2022 $5,029 $453,900 $153,000 $300,900
2021 $4,897 $445,000 $150,000 $295,000
2020 $3,840 $345,000 $150,000 $195,000
2019 $1,352 $119,392 $35,810 $83,582
2018 $1,335 $117,052 $35,108 $81,944
2017 $1,320 $114,758 $34,420 $80,338
2016 $1,263 $112,509 $33,746 $78,763
2014 $1,187 $108,650 $32,589 $76,061
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PI23218534

California Regional Multiple Listing Service (CRMLS)

APN: 125-122-002