215 N Miller St - Apartments FOR SALE


Santa Maria, CA 93454
$5,125,000 USD
805-688-5333
215 N Miller St, Santa Maria, CA for Sale
$5,125,000 USD
Apartments - FOR SALE
1/20
null | 4.82% Cap Rate

215 N Miller St
Santa Maria, CA 93454


OVERVIEW

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. This Portfolio includes 409-415 Tiffany Dr and 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.

FOR SALE DETAILS

PRICE

$5,125,000 USD

PRICE/SF

$1,071 USD /SF

# OF UNITS

17

PRICE/UNIT

$301,471

CAP RATE

4.82%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,375 SF

ZONING

Other

APN/PARCEL ID

121-225-009

ASK ABOUT THIS PROPERTY

Steve BattagliaBattaglia Commercial Real EstateMore Info
805-688-5333

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Steve BattagliaBattaglia Commercial Real EstateMore Info
805-688-5333

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