101 Rice Ranch Rd
Santa Maria, CA 93455
- – beds
- – baths
- – sqft
- ~2 acre lot
- 1985 build
- – on site
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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.
Last checked:
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Last updated Mar 25, 2024
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MLS# PI23223115 —
The Building
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Year Built:1985
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Year Built Source:Public Records
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New Construction:No
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Entry Level:1
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Common Walls:1 Common Wall
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Building Area Total:12939.00
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Building Area Units:Square Feet
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# of Buildings:2
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Total Number Of Units:10
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Stories Total:2
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# of Separate Gas Meters:10
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# of Separate Water Meters:10
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# of Separate Electric Meters:10
Interior
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Levels:Two
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Entry Location:1st
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Fireplace:Yes
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Fireplace:Living Room
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Laundry:Gas & Electric Dryer Hookup
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Laundry:1
Location
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Directions:Orcutt Rd to Rice Ranch Rd
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Latitude:34.85845100
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Longitude:-120.43541700
The Property
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Property Type:Residential Income
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Subtype:Apartment
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Lot Features:Irregular Lot
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Lot Size Area:81457.0000
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Lot Size Acres:1.8700
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Lot Size SqFt:81457.00
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Lot Size Source:Public Records
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Property Attached:1
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Additional Parcels:Yes
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Additional Parcels Description:103500058
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:103500057
Heating & Cooling
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Heating:1
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Heating:Forced Air
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Subdivision:Orcutt East(870)
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Subdivision:Orcutt East(870)
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Senior Community:No
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Features:Suburban
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Pool:None
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Private Pool:No
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Association:No
Parking
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Parking Spaces:10.00
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Garage Spaces:10.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
3/25/24
Mar 25, 2024
|
Sold | CRMLS_CA | $3,150,000 | -3.1% |
|
1/7/24
Jan 7, 2024
|
Pending | CRMLS_CA | $3,250,000 | |
|
12/8/23
Dec 8, 2023
|
Listed / Active | CRMLS_CA | $3,250,000 |
