NOT LISTED FOR SALE
14 Beds
12 Baths
7,500 Sq Ft
0.41 Acres

Last Sold May 27, 2022

Last sale price $2,000,000 $267 Per Sq Ft

42 Days on Market

Highlights

  • 0.41 Acre Lot
  • Double Pane Windows
  • Forced Air Heating System
  • Corner Lot

About This Home

As of May 2022

This 6 unit complex is located in Southwest Santa Maria and features four 2 bedroom, 1 1/2 bath units and two 3 bedroom, 1 1/2 bath units. These units are approximately 5 years old and feature kitchens with quartz counter tops, laminate flooring, tankless water heaters and indoor laundry. All units include ranges, dishwashers, microwaves, refrigerators and clothed washer & dryers. These units are very low maintenance and easy to keep rented. There are separate water, gas and electric meters for each unit and for exterior water and electricity.Directions to Property: From W. Cook St. go south on S. Smith St. to W. Boone St. Units are on the corner of S. Smith St. and W. Boone St.

Last Agent to Sell the Property

Danny Smith

Smith Real Estate License #01315304 Listed on: 09/09/2021

Last Buyer's Agent

Gary Crabtree

CHAMPION Real Estate License #00600728

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2016

Lot Details

  • 0.41 Acre Lot
  • Corner Lot

Home Design

  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 7,500 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Fire Sprinkler System
  • Laundry in unit

Bedrooms and Bathrooms

  • 14 Bedrooms

Parking

  • Covered Parking
  • Alley Access

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Individual Gas Meter
  • Separate Water Meter
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Security Deposit $20,000
  • Tenant pays for cable TV, electricity, gas, water
  • Assessor Parcel Number 123-115-005

Community Details

Overview

  • 6 Units

Building Details

  • Operating Expense $31,900
  • Net Operating Income $91,220

Property Details

Home Type

Multi-Family

Year Built

Built in 2016

Lot Details

0

Listing Details

  • FILLACRES: 0.41
  • ApproxYrBlt: 2016
  • Listing Member Name: Danny Smith
  • Listing Office Short Id: 943
  • List Office Board Code: Santa Maria
  • Lot Size Sq Ft: 17860.00
  • Major Area: 15 - SM Southwest
  • Open House Office I D: 20170308161038363562000000
  • Property Sub Type: Multi-Family
  • Prop. Type: B
  • Selling Member Short Id: 1129
  • Selling Office Short Id: 2691
  • Building Stories: 2
  • Tract Suffix: Street
  • Geen Feat.: Cable Available, Curbs/Gutter, Paved Streets, Sidewalks, Street Lights, Telephone
  • Income And Expenses Annual Operating Exp: 31900.00
  • Income And Expenses Cap Rate: 4.60
  • Special Features: None
  • Stories: 2
  • Year Built: 2016

Interior Features

  • Lower Floor 1 Half Bathrooms: 6
  • Total Bathrooms: 12.00
  • Year Built Exception: Unknown
  • Total Bedrooms: 14
  • Interior Amenities: Dual Pn Windows, Fire Sprinklers
  • Laundry: In Each Unit, Laundry Eq/Own

Exterior Features

  • Exterior: Stucco
  • Foundation: Slab
  • Roof: Composition

Garage/Parking

  • Parking: 11 - 25, Covered

Utilities

  • Air Conditioner: None
  • Heating: Forced Air, Natural Gas
  • Sewer: Public Sewer
  • Hot Water: Public
  • Separate Meters: Electric, Gas, Water

Lot Info

  • Lot Characteristics: Alley, Corner
  • Zoning Description: Residential

Rental Info

  • Deposit: 20000.00
  • Tenant Pays: Cable TV, Electricity, Gas, Water

Tax Info

  • Assessor Parcel Number: 123-115-005

Multi Family

  • Income And Expenses Net Operating Income: 91220.00
  • Annual Operating Expense: Electricity, Management, Trash, Water/Sewer
  • Total Number Units: 6

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
05/27/2022 05/27/22 Sold $2,000,000 -- $267 / Sq Ft
Source: North Santa Barbara County Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Source: North Santa Barbara County Regional MLS

MLS Number: 21002163

North Santa Barbara County Regional MLS