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Meggie Hawthorne

meggiehawthorne@gmail.com +1(805) 212-9336

$ 3,325,000

Est. payment | -/mo

0.6 Acres Lot

Save

$ 3,325,000

Est. payment | -/mo

Save

0.6 Acres Lot

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

MLS Listing ID V1-38773

HOA Y/N No

Year Built 1964

Lot Size 0.600 Acres

Property Description

To be sold in conjunction with 123 S Bradley Road, Santa Maria (APN 125-053-007)115-123 S. Bradley Road presents a compelling value-add multifamily investment opportunity in Santa Maria, offering an attractive combination of in-place cash flow, significant rental upside, potential ADU development, and a highly accessible location. Built in 1964, this 13-unit property features a highly marketable and diversified unit mix consisting of six (6) one-bedroom/one-bathroom units, five (5) two-bedroom/one-bathroom units, and two (2) three-bedroom/one-bathroom units.The property also offers potential additional-density upside through ADU development. Pursuant to California Senate Bill (SB) 1211, multifamily property owners may be eligible to develop ADUs at a ratio of up to one ADU per existing unit, subject to applicable limitations, including a maximum of eight (8) ADUs and compliance with density, zoning, and building requirements. Two prominent areas of this property near the property's S. Bradley Road frontage appear to offer potential locations to build out, at least, some additional ADU units.115-123 S. Bradley Road combines an attractive acquisition basis with multiple identifiable value-creation drivers. The combination of below-market rents, potential additional density, recent capital improvements, commuter-oriented location, diversified unit mix, and limited multifamily inventory positions the property as an attractive opportunity for an investor seeking both current income and meaningful upside through active asset management.

Location

State CA

County Santa Barbara

Area Smia - Santa Maria

Interior

Heating None

Cooling None

Fireplaces Type None

Fireplace No

Appliance Gas Oven, Refrigerator

Laundry None

Exterior

Parking Features Carport

Garage Spaces 2.0

Garage Description 2.0

Fence Wood

Pool None

Community Features Street Lights, Sidewalks

View Y/N No

View None

Total Parking Spaces 25

Private Pool No

Building

Lot Description Sprinklers None

Others

Senior Community No

Tax ID 125053006

Energy Description 4549.0

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Craig Lieberman Apartment Investment Specialis #00682741

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(805) 212-9336

meggiehawthorne@gmail.com

1300 Eastman Ave #107, Ventura, CA 93003, USA

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115 S Bradley RD Santa Maria, CA 93454