This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
101 Rice Ranch Rd, Santa Maria, CA 93455
$3,150,000
101 Rice Ranch Rd, Santa Maria, CA 93455View this property at 101 Rice Ranch Rd, Santa Maria, CA 93455
101 Rice Ranch RdSanta MariaCA93455
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
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.
Full Property Details
Full Property Details for 101 Rice Ranch Rd
General
- Sold For: $3,150,000
- Status: Closed
- Type: Multi-Family
- MLS ID: PI23223115
- Added to Site: 159 day(s) ago
Interior
- Fireplace(s): Living Room
Rooms
Other Rooms
- Laundry: Gas & Electric Dryer Hookup
Additional Information
- Pool Description: None
Parking
- Garage Spaces: 10
Location
- Area: ORCT - Orcutt
- County: Santa Barbara
- Development Name: ORCT - Orcutt
- Driving Directions: Orcutt Rd to Rice Ranch Rd
Heating & Cooling
- Heating Type: Forced Air
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 10
- # Gas Meters: 10
- # Electric Meters: 10
Structural Information
- Entry Location: 1st
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 12,939
- Year Built: 1985
Unit Information
Unit 1
- Number of Units: 2
- Total Bathrooms: 2
- Bedrooms: 3
Unit 2
- Number of Units: 8
- Total Bathrooms: 2
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 1.87
- Lot Size Source: Public Records
- Lot Description: Irregular Lot
Financial Considerations
- Price Per Sq. Ft.: $243.45
- Price Per Unit: 325000
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
Listed by Hart Commercial Real Estate, Jason Hart
Sold by Radius Group Commercial RE, Steven Golis
Get Pre-Approved Today
Schools
Schools serving 101 Rice Ranch Rd
School Districts:Orcutt Union School District, Santa Maria Joint Union High School District
Rating | Name | Grades | Distance |
---|---|---|---|
1050 E Rice Ranch Rd, Orcutt, CA 93455 | K-6 | 0.9 mi | |
608 Pinal Ave, Santa Maria, CA 93455 | 7-8 | 0.4 mi | |
941 E Foster Rd, Santa Maria, CA 93455 | 9-12 | 2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 101 Rice Ranch Rd
Date
Details
Price
Change
Source
3/25/2024
Sold
$3,150,000
-3.08%
MLS
12/08/2023
Listed
$3,250,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
101 Rice Ranch Rd, Santa Maria, CA 93455 (MLS# PI23223115) is a Multi-Family property that was sold at $3,150,000 on March 25, 2024. Want to learn more about 101 Rice Ranch Rd? Do you have questions about finding other Multi-Family real estate for sale in Santa Maria? You can browse all Santa Maria real estate or contact a Coldwell Banker agent to request more information.