NOT LISTED FOR SALE

Santa Maria, CA 93454

Mid City Acres Neighborhood
10 Beds
10 Baths
3,088 Sq Ft
7,405 Sq Ft Lot

Last Sold May 02, 2017

Last sale price $820,000 $266 Per Sq Ft

124 Days on Market

About This Home

As of May 2017

Cash Cow Multi-Family Property For Sale with 9.26% CAP RATE!!! Located in Northeast Santa Maria, 10-Studio Units with great cash-flow and in good overall condition. Each unit is individually metered for electric and the property is 100% occupied. Centrally located and close to: shopping, food, parks, transportation, and more. Each unit is a Studio with its' own full-bath. Owner pays for water, trash, and half of gas. Tenant pays electric. Updated flooring, stoves, heaters, and roof. Approximately 5-parking spaces on-site, with additional parking available on the street. High demand type of rental, easy to rent, great investment opportunity.

Last Agent to Sell the Property

Tim Larson

United Country Real Estate Listed on: 09/23/2016

Last Buyer's Agent

Peter Leyva

Wilshire Group License #01831808

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 7,405 Sq Ft Lot
  • Corner Lot
  • Level Lot

Parking

  • On-Street Parking

Home Design

  • Flat Roof Shape
  • Raised Foundation
  • Stucco

Interior Spaces

  • 3,088 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Full Bathrooms

Utilities

  • Wall Furnace
  • Separate Meters
  • Phone Available
  • Cable TV Available

Community Details

  • 10 Units
  • Operating Expense $20,605

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for gas, taxes, trash collection, water
  • Assessor Parcel Number 121-154-001

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

7,405 Sq Ft Lot

Listing Details

  • FILLACRES: 0.17
  • ApproxYrBlt: 1925
  • Directions To Property: HWY 101 to Main St, West to N Broadway, East to Tunnell.
  • Listing Member Name: Tim A Larson
  • Listing Office Short Id: 629
  • List Office Board Code: Santa Maria
  • Lot Size Sq Ft: 7405.00
  • Major Area: 14 - SM Northeast
  • Open House Office I D: 20170308161033482001000000
  • Property Sub Type: Multi-Family
  • Prop. Type: B
  • Selling Member Short Id: 8064
  • Selling Office Short Id: 4155
  • Building Stories: 1
  • Tract Suffix: Street
  • OFFICELIST_ZIP4: 4163
  • Unit Levels: One
  • Geen Feat.: Cable Available, Curbs/Gutter, Other, Paved Streets, Sidewalks, Street Lights, Telephone
  • Income And Expenses Annual Operating Exp: 20605.00
  • Landlord Pays: Gas, Taxes, Trash Collection, Water
  • Special Features: None
  • Stories: 1
  • Year Built: 1925

Interior Features

  • Total Bathrooms: 10.00
  • Total Bedrooms: 10
  • Laundry: None

Exterior Features

  • Exterior: Stucco
  • Foundation: Raised
  • Roof: Flat

Garage/Parking

  • Parking: 1 - 5, Street

Utilities

  • Air Conditioner: None
  • Heating: Wall Furnace
  • Separate Meters: Electric

Lot Info

  • Lot Characteristics: Corner, Level
  • Zoning Description: Multi-Fam R3

Rental Info

  • Tenant Pays: Electricity

Tax Info

  • Assessor Parcel Number: 121-154-001

Multi Family

  • Annual Operating Expense: Gas, Insurance, Maintenance, PRP Tx/Assessment, Trash, Water/Sewer
  • Total Number Units: 10
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/02/2017 05/02/17 Sold $820,000 +32.3% $266 / Sq Ft
08/30/2013 08/30/13 Sold $620,000 -- $201 / Sq Ft View Prior Sale
Source: North Santa Barbara County Regional MLS

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 $10,233 $951,675 $208,902 $742,773
2023 $10,233 $914,722 $200,791 $713,931
2022 $9,906 $896,787 $196,854 $699,933
2021 $9,648 $879,204 $192,995 $686,209
2020 $9,635 $870,190 $191,017 $679,173
2019 $9,527 $853,128 $187,272 $665,856
2018 $9,407 $836,400 $183,600 $652,800
2017 $8,316 $732,435 $169,218 $563,217
2016 $7,115 $642,030 $155,330 $486,700
2014 $6,683 $620,000 $150,000 $470,000
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2017

    Tim Larson

    United Country Real Estate

  • P

    Buyer's Agent in 2017

    Peter Leyva

    Wilshire Group

  • V

    Seller's Agent in 2013

    Vincent Allan

    Allan Real Estate Investments

  • Dennis Allan

    Seller Co-Listing Agent in 2013

    Dennis Allan

    Allan Real Estate Investments

    (805) 473-7500

    93 Total Sales

    Dennis Allan
    Section Image
See All Agents

Source: North Santa Barbara County Regional MLS

MLS Number: 1071586

North Santa Barbara County Regional MLS
California Santa Barbara County Santa Maria 93454

Mid City Acres

Not Listed for Sale

MultiFamily

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.

North Santa Barbara County Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.