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628 E Mill Street

Santa Maria, CA 93454
  • $1,440,000
  • STATUS: Active
  • ON SITE: 7 Days
  • MLS #: 21002367
UPDATED: 55 min ago
$1,440,000
  • 6
    BEDS
  • 0.17
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 3,096
    SQFT
  • $465
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1972
County:

School Ratings & Info

Description

Rare opportunity to invest in a a well-maintained 4-Plex in the heart of Santa Maria with a history of high income generating rent. Ideal location at the end of a residential street but conveniently only blocks away from shopping and services on Main Street. The building is comprised of two 2-bedroom apartments and two 1-bedroom apartments. Parking includes 4 detached garages and 2 uncovered parking spaces in the lot. Recent improvements include a new roof and new heating units in all apartments. Long term tenant with 3-year lease in place generating yearly gross rental income of $104,448.

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© 2021 North Santa Barbara County MLS. All rights reserved. Based on information from the Santa Maria Association of REALTORS® (alternatively, from the Central Coast Regional MLS) as of 2021-10-15T17:29:45.02. All data, including measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams.

www.theepsteinpartners.com/homes/122163677
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628 E Mill Street Santa Maria, CA 93454

  • Price: $1,440,000
  • Status: Active
  • Updated: 55 min ago
  • MLS #: 21002367
6
Beds
4
Baths
0
½ Baths
0.17
Acres
3,096
SQFT
$465
$/SQFT
1972
Built
Neighborhood:
910 - Sm Northeast
County:
Santa Barbara
Area:
14 - Sm Northeast
Property Description
Rare opportunity to invest in a a well-maintained 4-Plex in the heart of Santa Maria with a history of high income generating rent. Ideal location at the end of a residential street but conveniently only blocks away from shopping and services on Main Street. The building is comprised of two 2-bedroom apartments and two 1-bedroom apartments. Parking includes 4 detached garages and 2 uncovered parking spaces in the lot. Recent improvements include a new roof and new heating units in all apartments. Long term tenant with 3-year lease in place generating yearly gross rental income of $104,448.
Exterior Features

Exterior Wood Siding Exterior Features Fenced Yard Foundation Slab Levels Two Parking Garage Roof Description Flat

Interior Features

Air Conditioning None Heating Electric Laundry Common Number Of1 Bedroom Units 2 Number Of2 Bedroom Units 2

Property Features

Annual Gross Rental Income 104448.00 Annual Operating Expenses 14393.00 Landlord Pays ElectricityGardenerInsuranceTaxesTrash CollectionWater Listing Detail None Lot Characteristics Level Net Operating Income 90055.00 Operating Expense ElectricityInsuranceMaintenanceTrashWater/Sewer Possession Subject To Tenant Rights Reports Available None Separate Meters Electric Sewer Public Sewer Site Improvements Paved StreetsSidewalks Sub Type Multi-Family Terms CashNew Loan Water Public Zone Description Res Multi-Family

Listing provided courtesy of Keith Silva of Comet Realty.



© 2021 North Santa Barbara County MLS. All rights reserved. Based on information from the Santa Maria Association of REALTORS® (alternatively, from the Central Coast Regional MLS) as of 2021-10-15T17:29:45.02. All data, including measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams.

 
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1503 Chapala Street
Santa Barbara CA, 93101