Santa Maria, CA 93455,101 Rice Ranch Rd
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Santa Maria, CA 93455,101 Rice Ranch Rd
Santa Maria, CA 93455,101 Rice Ranch Rd
Santa Maria, CA 93455,101 Rice Ranch Rd
Santa Maria, CA 93455,101 Rice Ranch Rd

$3,250,000

Est. payment /mo
Est.Price: ?

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101 Rice Ranch Rd Santa Maria, CA 93455

1.87 Acres Lot

SOLD DATE : 03/25/2024

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

Subdivision Orcutt East(870)

MLS Listing ID PI23223115

Year Built 1985

Lot Size 1.870 Acres

Property Description

This well-maintained 10-unit townhouse complex is a perfect investment for an investor looking for an asset in a prime location.
The property features spacious 2-bedroom apartment homes averaging over 1,200 SF, each with their own private patio
and garage. The complex was recently tented and had extensive facia work, exterior painting and roof work completed. Additionally,
new roll-up garage doors, many new ranges and water heaters were installed, as well as the parking area resurfaced.
All units are separately metered for water, gas and electric, helping to keep owner expenses low. Rents are well below market. Market rents equate to a 5.53% Cap Rate.

Location

State CA

County Santa Barbara

Area Orct - Orcutt

Interior

Heating Forced Air

Fireplaces Type Living Room

Laundry Electric Dryer Hookup, Gas Dryer Hookup

Exterior

Garage Spaces 10.0

Garage Description 10.0

Pool None

Community Features Suburban

Building

Lot Description Irregular Lot

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Jason Hart • Hart Commercial Real Estate • [email protected]
Bought with Steven Golis • Radius Group Commercial RE

Scott Goshorn

Director- Luxury Estates | License ID: 01964409

+1(323) 251-5479

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