223 E Tunnell Street, Santa Maria, CA 93454 - Berkshire Hathaway HomeServices California Properties

Photo of Jesse Hlubik

Jesse Hlubik REALTOR® - Sales Associate 310-890-6928 m
310-890-6928 o
Lic#: 01801928
NRDS ID: 207054480
Jesse@HomeSearchLA.com Sherman Oaks Office
14141 Ventura Blvd., Ste. 8
Sherman Oaks, CA 91423
Phone: 818-528-3200
Fax: 818-386-9007

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Agent Remarks

Located near downtown Santa Maria, 7-unit apartment complex on a large corner lot, featuring three duplexes arranged around central courtyard, plus standalone building with a storage garage. The unit mix includes (3) 2Bed/1Bath units & (4) 1Bed/1Bath units ranging in size from approx 950 to 600 SF. Originally constructed in 1940s, many of the buildings retain craftsman-style touches such as built-in shelving & kitchen nooks. Each unit individually metered for gas, electricity. Set on an 18,730 SF fenced lot, the site offers 7 uncovered parking spaces along with additional street parking. Location offers convenient access to public transit, retail, & other amenities. CAP Rate on current rents is 5.12, GRM of 12.03. While some TLC is needed, there's strong potential for rent growth.

Listing Details

Property type: (Residential Income)

Status: Active

MLS# 25-2772

List price is $1,799,000

Beds: 0

Baths: 0

Built in 1940

1 story

18730.00 acres

Lot size: 0.4300

County: Santa Barbara