CA > Santa Maria > Sm Northeast(910)
Santa Maria, CA 93454,223 E Tunnell ST
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Santa Maria, CA 93454,223 E Tunnell ST
Santa Maria, CA 93454,223 E Tunnell ST
Santa Maria, CA 93454,223 E Tunnell ST
Santa Maria, CA 93454,223 E Tunnell ST
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Chris Kawasaki

Chris Kawasaki

+1(626) 214-8111
$ 1,799,000
Est. payment /mo
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223 E Tunnell ST Santa Maria, CA 93454

0.43 Acres Lot

UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Sm Northeast(910)

MLS Listing ID PI25158857

HOA Y/N No

Year Built 1940

Lot Size 0.430 Acres

Property Sub-Type Apartment

Property Description

Located near downtown Santa Maria, this 7-unit apartment complex sits on a large corner lot and features three duplexes arranged around a central courtyard, plus a standalone building with a storage garage. The unit mix includes (3) 2Bed/1Bath units and (4) 1Bed/1Bath units ranging in size from approximately 950 to 600 SF. Originally constructed in the 1940s, many of the buildings retain craftsman-style touches such as built-in shelving and kitchen nooks. Each unit is individually metered for gas and electricity. Set on an 18,730 SF fenced lot, the site offers 7 uncovered parking spaces along with additional street parking on Tunnell St and Vine St. The location offers convenient access to public transit, retail, and other amenities. CAP Rate on current rents is 5.12% with a GRM of 12.03. While some TLC is needed, there's strong potential for rent growth.

Location

State CA

County Santa Barbara

Area Smne - Sm Northeast

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Laundry None

Exterior

Parking Features Off Street, One Space, Uncovered

Pool None

Community Features Sidewalks

Roof Type Flat

Total Parking Spaces 7

Private Pool No

Building

Lot Description 11-15 Units/Acre

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 121153007

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

CRMLS – RECore
Listed by Steven Battaglia Steven Battaglia, Broker 8056806431
agent

Chris Kawasaki

Agent | License ID: 02071724

+1(626) 214-8111

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223 E Tunnell ST