311 Lolita #L
Santa Maria, CA 93458
1026 sqft | 2 beds | 1.5 baths | 0.23 acres | #PI25233638
Description
RENOVATED AND CASH FLOWING! This upgraded townhome is already generating $3,000/month in rental income, offering solid cash flow from day one. This property delivers immediate returns with minimal overhead and an 8.5% CAP rate. Although the ROI is great, the renovations and move-in-ready condition make it a perfect starter home as well! Inside, you'll find brand-new carpet and flooring, fresh interior paint, and new kitchen & bathroom countertops that elevate the space. The main level features a sunlit living room with a stone fireplace, a half bathroom, and a dining area that opens to a spacious, newly fenced private patio with direct access to the private 2-car carport. Upstairs are two large bedrooms, each with WALK-IN CLOSETS, built-in linen storage, and a shared tub/shower bathroom. This property comes with the WASHER AND DRYER INCLUDED, along with all kitchen appliances, making it ready for its next lucky owner. The kitchen is clean and functional with a new refrigerator, a functional dishwasher, beautiful countertops, and modern touches throughout. Located in a desirable complex with LOW HOA dues, this is a low-maintenance, high-yield asset. Schedule a showing to see your next home or investment!
Property Details
- InteriorEatInKitchen, OpenFloorplan, Pantry, QuartzCounters, AllBedroomsUp, DressingArea, EntranceFoyer, GalleyKitchen, JackAndJillBath, WalkInPa
- Lot DescriptionElevenToFifteenUnitsAcre, CornerLot, CornersMarked, FrontYard, Lawn, Landscaped, NearPublicTransit, SprinklersOnSide, SprinklerSystem, St
- Utility FeaturesCableAvailable, ElectricityConnected, NaturalGasConnected, PhoneAvailable, SewerConnected, WaterConnected
- School DistrictSanta Maria Joint Union
- FoundationConcretePerimeter
- CountySanta Barbara
- Sewer InformationPublicSewer
- MLS #PI25233638
- MLS #PI25233638
- Property SubtypeTownhouse
- Property TypePurchase
- Original List Price$425,000
- Acres0.2296
- Utility SourcePublic
- Cost425000
- Structure TypeHouse
- Square Feet1026
- Year Built1984
- Bathrooms1.5
- Hoa Fees150
- Bedrooms2
- Full Baths1
- Half Baths1
- Stories2
Location
Legal
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated:Â . Source: CRMLS
Provided By
Listing Agent: CJ Hegney (#pi02203414)
Listing Office: Keller Williams Realty Central Coast (#PI2386)
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