1804 S Thornburg St, Santa Maria CA 93458
- Attractive Gross Annual Income
- In-unit Laundry
- Garage Parking or Additional Income Opportunity
- Close to Bus Routes and Shopping
- Backyard Area
- Additional Street Parking
- New permitted roof completed in 2021
- New permitted stairs completed in 2024
Property Description
1804 S Thornburg Street is a well-located 4-unit multifamily property in Santa Maria with a gross annual income of $99,276, featuring (2) spacious 3Bed/2Bath units and (2) 2Bed/1Bath units, all with convenient in-unit laundry. Recent improvements include a permitted roof completed in 2021 and new permitted stairs completed in 2024. Two underutilized 2-car garages offer potential for additional storage income or possible ADU conversion, providing an opportunity to increase revenue. Built in 1976, the property offers larger floor plans well suited to today’s rental market. With spacious units, recent improvements, value-add potential, and a convenient location, 1804 S Thornburg Street is a compelling opportunity for investors to expand their holdings in Santa Barbara County’s fastest-growing city.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,250,000 |
| No. of Units: | 4 |
| Cap Rate: | 4.82% |
| GRM /GIM: | 12.59 |
| Year Built: | 1976 |
| Building Size: | 3,840 Sq ft |
| Lot Size: | 6,970.00 Acres |
| No. of Stories: | 2 |
| Zoning Code: | R3 |
| Opportunity Zone: | No |
| Price per unit: | $312,500 |
| Parking Spaces: | 4 |
| Property Website | Click Here |
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Final Deal Analysis
Similar Properties in the Area
1280 Knollwood Road, Unit 40
Seal Beach, California
20 N Center Street
Redlands, California
3401 Tilden Avenue
Los Angeles, CaliforniaBrokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout