Santa Maria, CA 93454 215 N Miller Street
$5,125,000
11 more
Presented By: Steven Battaglia with Steven Battaglia, Broker; 8056806431
Beds • 714
Baths • 17
SQFT • 18,072
Garage • 27
Year Built • 1983
Home Details
This portfolio offers a rare opportunity to acquire 17 units in the rapidly growing Santa Maria market, the fastest-growing area in Santa Barbara County. Known for its relatively affordable housing and strong job base, Santa Maria is a highly desirable location for both tenants and investors. The portfolio consists of 3 properties with a total of 17 units, each strategically positioned to provide steady occupancy and income. Portfolio includes 409-415 Tiffany Dr & 435 E Newlove Dr, Santa Maria. Unit mix over all properties is (9) 3-Bedroom, (7) 2-Bedroom, and (1) Studio. While some of the properties may require updates, they offer significant upside potential through modest rent increases, possible improvements, and opportunities for expansion. With strong demand for housing in the area, this is an ideal investment for those looking to capitalize on Santa Maria’s growth and its potential for value-add initiatives.
Presented By: Steven Battaglia with Steven Battaglia, Broker; 8056806431
Interior Features for 215 N Miller Street
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesWasherHookup
Total Stories2
Other Rooms
Entry Level1
General for 215 N Miller Street
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CitySanta Maria
Community FeaturesPark, Sidewalks
CountySanta Barbara
DirectionsVaries.
Electric On Property Y/NNo
Entry Location1
Garage Spaces27.0
Garage Y/NYes
Gross Income388284.0
HOANo
Home Warranty Y/NNo
Insurance Expense1.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashToNewLoan
Lot Size Square Feet44720.0
Lot Size UnitsSquareFeet
MLS AreaSMIA - Santa Maria
MobileHomeRemainsYNNo
Net Operating Income247059.0
New ConstructionNo
Number Of Units Total17
Operating Expense129576.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerOther
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot13
Trash Expense1.0
Water Sewer Expense1.0
Waterfront Y/NNo
Year Built1983
Year Built SourceOther
Exterior for 215 N Miller Street
Building Area Total18072.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesCornerLot, FrontYard, Garden
Lot Size Acres1.0266
Lot Size Area44720.0
Lot Size SourceAssessor
Number of Buildings5
Number of Separate Electric Meters17
Number of Separate Gas Meters17
Number of Separate Water Meters6
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking27.0
Water SourceOther
Additional Details
Price History
Alexandra Eston
Sales Associate
Price
$5,125,000
MLS#PI25058335
List Date
03/17/2025
Property Type
Multi-Family
Phone
(562) 537-4182
