101 Rice Ranch Rd, Santa Maria, CA 93455
Property
Sold March 2024
Listing Agent: Jason Hart (DRE #01334694) · Listing Office: Hart Commercial Real Estate · Contact: Jason@HartCRE.com · Bought with: Steven Golis · Radius Group Commercial RE · MLS #PI23223115 · Source: CRMLS
About this property
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.
Listing description from the March 2024 sale, as reported to CRMLS.
Sale history