16
See all 16 photos
$5,125,000
Est. payment /mo
42 Beds
Active
215 N Miller Street Santa Maria, CA 93454
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PI25058335
Bedrooms 42
Property Sub-Type Res Income 2-4 Units
Property Description
This portfolio offers a rare opportunity to acquire 17 units in the rapidly growing Santa Maria market, the fastest-growing area in Santa Barbara County. Known for its relatively affordable housing and strong job base, Santa Maria is a highly desirable location for both tenants and investors. The portfolio consists of 3 properties with a total of 17 units, each strategically positioned to provide steady occupancy and income. Portfolio includes 409-415 Tiffany Dr & 435 E Newlove Dr, Santa Maria. Unit mix over all properties is (9) 3-Bedroom, (7) 2-Bedroom, and (1) Studio. While some of the properties may require updates, they offer significant upside potential through modest rent increases, possible improvements, and opportunities for expansion. With strong demand for housing in the area, this is an ideal investment for those looking to capitalize on Santa Marias growth and its potential for value-add initiatives.
Location
State CA
County Santa Barbara
Zoning Other
Direction Varies.
Interior
Fireplace No
Exterior
Utilities Available Other/Remarks
View Y/N No
Building
Story 2
Level or Stories 2
Others
Tax ID 121225009
Listed by Steven Battaglia Steven Battaglia, Broker