127 Agnes Ave - Apartments FOR SALE


Santa Maria, CA 93458
$3,500,000 USD
805-698-0174
127 Agnes Ave, Santa Maria, CA for Sale
$3,500,000 USD
Apartments - FOR SALE
1/8
null | Request Cap Rate

127 Agnes Ave
Santa Maria, CA 93458


HIGHLIGHTS

  • Unit mix: (5) Studios; (6) 1BD/1BA; (2) 2BD/1BA.
  • Cap rate: Current: 5.15% • Market: 5.42%.
  • GRM: Current: 12.34 • Market: 11.92.
  • Land Size: ±18,731 SF ($187/SF).
  • 3.77% interest assumable debt available at 48.7% LTV through November 30, 2029.
  • $1,664,000 assumable agency loan in place with 3.77% interest only, subject to lender approval and a 1% assumption fee.

OVERVIEW

Positive Leverage From Day 1 w/ Assumable Agency Loan | Agnes Apartments is a 13-unit multifamily community located in Santa Maria, offering a well-positioned residential investment with immediate cash flow. The property features an ideal unit mix consisting of studios, one-bedroom, and two-bedroom units, allowing for broad tenant appeal. Units are arranged around a central courtyard with open green space, providing a functional common area for residents. The property includes a shared on-site washer and dryer room and covered carport parking, with one parking space provided per unit. Recent lighting upgrades have improved visibility and safety throughout the parking areas. The property provides convenient access to nearby retail, employment centers, and major commuter routes, supporting steady rental demand. Current rents are near market, allowing an incoming owner to benefit from in-place cash flow while retaining potential for incremental rent growth. Overall, 127 W. Agnes is a clean, efficiently operated apartment property with practical amenities and a central location, making it a stable multifamily investment in the Santa Maria market. $1,664,000 assumable agency loan in place with 3.77% interest only, subject to lender approval and a 1% assumption fee. Please contact Listing Agents for further details. ALSO AVAILABLE FOR PURCHASE AS A 2-PROPERTY PORTFOLIO. BOTH PROPERTIES UNDER SAME OWNERSHIP: THE LOFTS AT 511 COOK ST & AGNES APARTMENTS.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$616 USD /SF

# OF UNITS

13

PRICE/UNIT

$269,231

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Agnes Apartments | 13 Units / 269,231/Unit

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,731 SF

ZONING

R-3

APN/PARCEL ID

119-063-006

ASK ABOUT THIS PROPERTY

Steve GolisRadius Commercial Real EstateMore Info
805-698-0174

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Steve GolisRadius Commercial Real EstateMore Info
805-698-0174

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.