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Located near downtown Santa Maria, this 7-unit apartment complex sits on a large corner lot and features three duplexes arranged around a central courtyard, plus a standalone building with a storage garage. The unit mix includes (3) 2Bed/1Bath units and (4) 1Bed/1Bath units ranging in size from approximately 950 to 600 SF. Originally constructed in the 1940s, many of the buildings retain craftsman-style touches such as built-in shelving and kitchen nooks. Each unit is individually metered for gas and electricity. Set on an 18,730 SF fenced lot, the site offers 7 uncovered parking spaces along with additional street parking on Tunnell St and Vine St. The location offers convenient access to public transit, retail, and other amenities. CAP Rate on current rents is 5.12% with a GRM of 12.03. While some TLC is needed, there's strong potential for rent growth.
Property Type(s):
Residential Income
| Last Updated | 7/23/2025 | Tract | SM Northeast(910) |
|---|---|---|---|
| Year Built | 1940 | Community | SMNE - SM Northeast |
| County | Santa Barbara |
Additional Details
| AIR | None |
|---|---|
| AREA | SMNE - SM Northeast |
| HEAT | Wall Furnace |
| LOT | 0.43 acre(s) |
| PARKING | Off Street |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| SUBDIVISION | SM Northeast(910) |
| WATER | Public |
Location
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Listed with Steven Battaglia, Broker
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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