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Listed by Steven R Battaglia Battaglia Commercial RE
$ 1,250,000
Est. payment | /mo
10 Beds
3,840 SqFt
$ 1,250,000
Est. payment | /mo
10 Beds
3,840 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 3,840 sqft
Price per Sqft $325
MLS Listing ID 26001939
Bedrooms 10
Year Built 1976
Lot Size 6,970 Sqft
Acres 0.16
Property Sub-Type Multi Family
Source North Santa Barbara County Regional MLS
Property Description
1804 S Thornburg Street is a steady income-producing fourplex in Santa Maria with a gross annual income of $99,276, featuring (2) spacious 3Bed/2Bath units and (2) 2Bed/1Bath units, all with convenient in-unit laundry. Recent improvements include a permitted roof completed in 2021 and new permitted stairs completed in 2024. Two underutilized 2-car garages offer potential for additional storage income or possible ADU conversion, providing an opportunity to increase revenue. Built in 1976, the property offers larger floor plans well suited to today's rental market. With spacious units, recent improvements, value-add potential, and a convenient location, 1804 S Thornburg Street is a compelling opportunity for investors to expand their holdings in Santa Barbara County's fastest-growing city.
Location
State CA
County Santa Barbara
Interior
Heating Wall Furnace
Cooling None
Heat Source Wall Furnace
Exterior
Private Pool No
Building
Story 2
Foundation Slab, None
Sewer Public Sewer
Water Public
Others
Senior Community No
Tax ID 117-470-018
Acceptable Financing Cash, New Loan
Listing Terms Cash, New Loan
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