417 Tiffany Dr - Apartments FOR SALE


Santa Maria, CA 93454
$1,600,000 USD
805-674-4743
417 Tiffany Dr, Santa Maria, CA for Sale
$1,600,000 USD
Apartments - FOR SALE
1/28
null | 4.66% Cap Rate

417 Tiffany Dr
Santa Maria, CA 93454


HIGHLIGHTS

  • Close to Highway 101
  • Close to Hospital
  • Walkable neighborhood
  • Individual Condominiums
  • No HOA dues

OVERVIEW

Exceptional 4-Unit Condo Investment Opportunity in Santa Maria Discover a rare opportunity to acquire four individually deeded condominium units at 417–423 Tiffany Drive in Santa Maria. This well-maintained fourplex offers the flexibility of a traditional income-producing investment while giving the buyer the unique option to sell the individual condos separately in the future. The property features three 2-bedroom 2-bath units and one 3-bedroom 2-bath unit, with each residence offering its own two-car garage—a highly desirable amenity for residents and a strong value-add for future resale. The property is in excellent condition and is conveniently located near Marian Regional Medical Center and Highway 101 access, making it attractive to a wide range of tenants and owner-occupants alike. Another major advantage is the absence of a traditional HOA. The property operates with a shared maintenance agreement for the common driveway, helping keep ownership straightforward while avoiding the typical HOA structure and associated dues. Whether you're looking to build a rental portfolio, invest in Santa Maria real estate, or acquire an asset with future individual resale potential, 417–423 Tiffany Drive offers a compelling combination of high quality condition, flexibility, location, and long-term opportunity.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$344 USD /SF

# OF UNITS

4

PRICE/UNIT

$400,000

CAP RATE

4.66%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tiffany Drive Condominiums

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1988

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,230 SF

ZONING

R1

APN/PARCEL ID

128-117-001,128-117-002,128-117-003,128-117-004

ASK ABOUT THIS PROPERTY

Max ZappasZ Villages Real EstateMore Info
805-674-4743

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Max ZappasZ Villages Real EstateMore Info
805-674-4743

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