Santa Maria, CA 93458 614 W Orange St
$975,000
4 more
Presented By: Steven Battaglia with Steven Battaglia, Broker; 8056806431
Beds • 3
Baths • 2
SQFT • 1,680
Year Built • 1908
Home Details
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.
Presented By: Steven Battaglia with Steven Battaglia, Broker; 8056806431
Interior Features for 614 W Orange St
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace Y/NNo
FlooringTile, Vinyl
Heating Y/NYes
Laundry FeaturesNone
Total Stories1
Other Rooms
Entry Level1
General for 614 W Orange St
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate4.53
Carport Y/NNo
CitySanta Maria
Community FeaturesUrban
CoolingNone
CountySanta Barbara
DirectionsFrom Hwy 101, Exit at Stowell Rd, drive West to Depot St, turn North, thenEast at Orange St. Property will be on your right.
Electric Expense1275.0
Electric On Property Y/NNo
Entry LocationMain floor
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income75000.0
HOANo
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense2274.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsThreeOrMore
Listing TermsCash, CashToNewLoan
Lot Size Square Feet7405.0
Lot Size UnitsSquareFeet
MLS AreaSMIA - Santa Maria
MobileHomeRemainsYNNo
Net Operating Income44121.0
New ConstructionNo
Number Of Units Total4
Operating Expense28356.0
Pool FeaturesNone
Property Attached Y/NNo
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Trash Expense1000.0
Water Sewer Expense1000.0
Waterfront Y/NNo
Year Built1908
Year Built SourcePublicRecords
Exterior for 614 W Orange St
Building Area Total1680.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesYard
Lot Size Acres0.17
Lot Size Area7405.0
Lot Size SourceAssessor
Number of Buildings4
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking0.0
Water SourcePublic
Additional Details
Price History
