This well-maintained 10-unit townhouse complex is a perfect investment for an investor looking for an asset in a prime location.
The property features spacious 2-bedroom apartment homes averaging over 1,200 SF, each with their own private patio
and garage. The complex was recently tented and had extensive facia work, exterior painting and roof work completed. Additionally,
new roll-up garage doors, many new ranges and water heaters were installed, as well as the parking area resurfaced.
All units are separately metered for water, gas and electric, helping to keep owner expenses low. Rents are well below market. Market rents equate to a 5.53% Cap Rate.
Sold for $3,150,000
Listing Provided by:
Jason Hart DRE #01334694 Jason@HartCRE.com,
Hart Commercial Real Estate
Bought with: Radius Group Commercial RE
$3,150,000
101 Rice Ranch Rd, Santa Maria, CA 93455
22beds
20baths
12,939sqft
Multi Family
Built in 1985
-- sqft lot
$-- Zestimate®
$243/sqft
$4,147 Estimated rent
Home value
Not available
Estimated sales range
Not available
$4,147/mo
Zestimate® history
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Owner options
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$4,147/mo
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$19,385/mo
Est. payment
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Est. payment
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Zillow last checked: 7 hours ago
Listing updated: March 25, 2024 at 02:47pm
Listing Provided by:
Jason Hart DRE #01334694 Jason@HartCRE.com,
Hart Commercial Real Estate
Bought with:
Steven Golis, DRE #00772218
Radius Group Commercial RE
Source: CRMLS,MLS#: PI23223115
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 22
- Bathrooms: 20
Heating
- Forced Air
Appliances
- Laundry: Electric Dryer Hookup, Gas Dryer Hookup
Features
- Has fireplace: Yes
- Fireplace features: Living Room
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 12,939
- Total interior livable area: 12,939 sqft
Property
Parking
- Total spaces: 10
- Parking features: Garage
- Garage spaces: 10
Features
- Levels: Two
- Stories: 2
- Entry location: 1st
- Pool features: None
Lot
- Size: 1.87 Acres
- Features: Irregular Lot
Details
- Additional parcels included: 103500058
- Parcel number: 103500057
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1985
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Suburban
Location
- Region: Santa Maria
- Subdivision: Orcutt East(870)
Other
Other facts
- Listing terms: Cash to New Loan
Price history
| Date | Event | Price |
|---|---|---|
| 3/25/2024 | Sold | $3,150,000-3.1%$243/sqft |
Source:  CRMLS #PI23223115 Report a problem | ||
| 1/7/2024 | Pending sale | $3,250,000$251/sqft |
Source: CRMLS #PI23223115 Report a problem | ||
| 12/8/2023 | Listed for sale | $3,250,000$251/sqft |
Source: CRMLS #PI23223115 Report a problem | ||
| 9/10/2020 | Listing removed | $1,750 |
Source: RPM Central Coast Report a problem | ||
| 8/13/2020 | Listed for rent | $1,750 |
Source: RPM Central Coast Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $34,303 +18.5% | $2,244,000 +26.2% |
| 2024 | $28,938 +29.3% | $1,778,236 +49.3% |
| 2023 | $22,375 +1.5% | $1,190,895 +2% |
Find assessor info on the county website
Neighborhood: 93455
Nearby schools
GreatSchools rating
- 8/10Pine Grove Elementary SchoolGrades: K-6Distance: 0.9 mi
- 4/10Orcutt Junior High SchoolGrades: 7-8Distance: 8.1 mi
- 6/10Ernest Righetti High SchoolGrades: 9-12Distance: 2 mi
- California
- Santa Barbara County
- Santa Maria
- 93455
- 101 Rice Ranch Rd