8,712 Sqft Lot
8,712 Sqft Lot
Open House
Sun Jul 19, 12:00pm - 2:00pm
Tue Jul 21, 10:30am - 12:30pm
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Sm Southeast(930)
MLS Listing ID PI26154913
HOA Y/N No
Year Built 1920
Lot Size 8,712 Sqft
Property Sub-Type Mixed Use
Property Description
Here's your opportunity to own a well-maintained investment property in the heart of Santa Maria. Situated on a spacious 8,700+ square foot corner lot at E. Cook Street and East Avenue, this duplex offers two separate 2-bedroom, 1-bathroom homes, each with its own unique character and strong rental appeal.
The charming front home, built in 1920, offers a private fenced backyard, while the rear home, built in 1983, sits above a triple-car garage and includes additional fenced parking. Both units are separately metered, allowing tenants to pay their own utilities, while the owner enjoys the simplicity of paying only for lawn service.
Recent improvements provide added value and peace of mind, including a roof that is approximately three years old, new plumbing and electrical updates, and newer windows in Unit B. Each residence also includes its own indoor laundry area with washer and dryer, making these homes highly desirable for long-term tenants.
Best of all, excellent tenants are already in place, creating an attractive turnkey investment with an estimated 7% cap rate.
Conveniently located near shopping, restaurants, schools, parks, medical facilities, and Highway 101, this property offers easy access to everything Santa Maria has to offer. The Central Coast's renowned wineries, beautiful beaches, and outdoor recreation are all just a short drive away, making this a location desirable.
Location
State CA
County Santa Barbara
Area Smse - Sm Southeast
Interior
Interior Features Storage, Bedroom on Main Level, Main Level Primary
Heating Forced Air
Cooling None
Flooring Carpet, Vinyl
Fireplaces Type None
Inclusions both sets of washers and dryers
Fireplace No
Appliance Gas Oven, Water Heater
Laundry Inside, In Garage, In Kitchen
Exterior
Parking Features Door-Multi, Direct Access, Driveway, Garage, Garage Faces Rear
Garage Spaces 3.0
Garage Description 3.0
Pool None
Community Features Storm Drain(s), Street Lights, Sidewalks
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Roof Type Shingle
Accessibility Parking
Total Parking Spaces 3
Private Pool No
Building
Lot Description Corner Lot, Street Level
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 125076008
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Special Listing Condition Trust
Virtual Tour https://www.630cook.com/
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