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. Portfolio includes 409-415 Tiffany Dr &' 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.
Property Details
Price:
$5,125,000
MLS #:
PI25058335
Status:
Active
Baths:
0
Address:
215 N Miller Street
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
smiasantamaria
City:
Santa Maria
Listed Date:
Mar 17, 2025
State:
CA
ZIP:
93454
Lot Size:
44,720 sqft / 1.03 acres (approx)
Year Built:
1983
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Schools
Interior
Exterior
Community Features
Park, Sidewalks
Garage Spaces
27.00
Lot Features
Corner Lot, Front Yard, Garden
Parking Spots
27.00
Pool Features
None
Sewer
Other
Stories Total
2
Water Source
Other
Financial
Map
Community
- Address215 N Miller Street Santa Maria CA
- AreaSMIA – Santa Maria
- CitySanta Maria
- CountySanta Barbara
- Zip Code93454
Similar Listings Nearby
- 529 S Pine Street
Santa Maria, CA$5,700,000
0.68 miles away
Courtesy of Steven Battaglia, Broker. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than The California Company include the name of the listing broker. Neither the listing company nor The California Company shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved. 215 N Miller Street
Santa Maria, CA
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