614 W Orange St - Multi-Family FOR SALE


Santa Maria, CA 93458
$975,000 USD
805-688-5333
614 W Orange St, Santa Maria, CA for Sale
$975,000 USD
Multi-Family - FOR SALE
1/9
null | 4.53% Cap Rate

614 W Orange St
Santa Maria, CA 93458


OVERVIEW

Four separate cottages in an established residential area of Santa Maria. Unit mix includes 3 1Bed/1Bath apartments and 1 studio, each with separate electric and gas meters. New roofs in 2023. On a good-sized lot with alley access. Over 30% upside in rents. Buyer to check with the city about potential of adding ADU at back of property. This is a solid, bread-and-butter income property as-is and offers upside potential for the prudent buyer to increase rents and upgrade the property to increase the value of this asset.

FOR SALE DETAILS

PRICE

$975,000 USD

PRICE/SF

$580 USD /SF

# OF UNITS

4

PRICE/UNIT

$243,750

CAP RATE

4.53%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1908

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

R3

APN/PARCEL ID

123-112-002

ASK ABOUT THIS PROPERTY

Steve BattagliaBattaglia Commercial Real EstateMore Info
805-688-5333

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Steve BattagliaBattaglia Commercial Real EstateMore Info
805-688-5333

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.