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516 W Church St, Santa Maria CAProperty Type: Multi-FamilyYear Built: 1940Lot Size: 10,890 acresBldg Size: 2,675 acresZoning: R3Download: Flyer (PDF)Bread and Butter fourplex on a large 10,890 SF corner lot. Unit mix includes a detached 2Bed/1Bath house and a triplex with all 1Bed/1Bath units. Each unit is separately metered for gas and electricity. Triplex units have their own washer and dryer hookups. Property also features 3 carports and diagonal street front parking on Church St. The large lot offers investors the opportunity to expand the units or add ADUs. Check with the City of Santa Maria on expansion possibilities.
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614 W Orange St, Santa Maria CAPrice: $975,000
Property Type: Multi-FamilyYear Built: 1908Bldg Size: 1,680 acresZoning: R3Download: Flyer (pdf)Four separate cottages in an established residential area of Santa Maria. Unit mix includes 3 1Bed/1Bath apartments and 1 studio, each with separate electric and gas meters. New roofs in 2023. On a good-sized lot with alley access. Over 30% upside in rents. Buyer to check with the city about potential of adding ADU at back of property. This is a solid, bread-and-butter income property as-is and offers upside potential for the prudent buyer to increase rents and upgrade the property to increase the value of this asset.
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Small Apartment Property for Sale at 1575 Oak St, Solvang, CAPrice: $1,600,000
Property Type:Zoning: DR-20Download: Flyer (PDF)Great opportunity for investors! This quaint multi-family property is located minutes from Solvang’s downtown tourist district. This 2-story multi-family apartment building features mid-century modern flair, common area laundry room, and off-street parking. Unit mix includes (1) spacious 3-bedroom unit downstairs with back patio and yard, (1) large 2-bedroom unit with a fabulous covered patio overlooking the mountain range, and (2) 1-bedroom units, offering a unit style for everyone. Updates within the last 5 years include new furnaces, new siding and paint, new dual pane windows, new roof and much more. New sewer mains and concrete driveway were installed in 2016. This is a “Walker’s Paradise” with a Walk Score of 90 due to its proximity to restaurants, shops, wine tastings, parks and more.
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10-Unit Apartment for Sale at 310 5th St, Solvang, CAPrice: $2,900,000
Property Type: Multi-FamilyZoning: DR-20Download: Flyer (PDF)This is a well-maintained 10-unit apartment building located in the heart of the desirable City of Solvang. All the units are 1 bed and 1 bath with separate electric and gas meters, and the residents enjoy a private laundry room and off-street parking in the rear of the building. Upgrades within the last 5 years include laminate flooring in many of the units, new water heater, new dual pane windows and a complete replacement of the asphalt driveway and parking lot. The units are close to all that downtown Solvang has to offer, including restaurants, galleries, shops, and more. With over 40 percent upside in rents, this property offers the prudent investor lots of upside opportunity.
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6-Unit Apartment for Sale at 2029 Beebee St, San Luis Obispo, CAPrice: $1,650,000
Property Type: Multi-FamilyZoning: R2Download: Flyer (PDF)Well maintained 6-unit apartment building in downtown San Luis Obispo. The property is comprised of (4) one-bedroom units and (2) studio apartments with newer vinyl windows throughout and luxury vinyl plank flooring downstairs. This property has a Walk Score of 83 and Bike Score of 93! Residents can enjoy the downtown restaurants, shops, and clubs as well as grocery stores and other services nearby. With nearly 30% upside in rents, this property offers the prudent investor lots of opportunity.
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6-Unit Apartment for Sale at 621 W Ocean Ave, Lompoc, CAPrice: $975,000
Property Type: Multi-FamilyZoning: R3Download: Flyer (PDF)Garden style apartments located near Old Towne Lompoc and close to shopping, restaurants, and Ryon Park. Good unit mix with (4) 2Bed/1Bath and (2) 1Bed/1Bath units. Property has laundry room and off-street parking in the rear of the building. ONLY $162,500 PER UNIT. Good upside in rents. Cap Rate of 5.1% on Actuals and 8.1% Proforma.
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916 W Nectarine Ave, Lompoc, CA Rate: $449,000Property Type: Single FamilyYear Built: 1958Lot Size: 6,098 sq. ftBldg Size: 1,090 acresZoning: R1Great starter home or investment property in Lompoc's desirable Northwest neighborhood. 3Bed/2Bath house with laundry hookups in kitchen and 2-car garage on a 6,098 SF lot. Freshly painted interior, new carpet, and new vinyl plank flooring. Gas stove, refrigerator, dishwasher included as-is. Large backyard with lemon and avocado trees, plus alley access. Close to shopping, restaurants, schools and parks.
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16-Unit Apartment Property at 3963 Via Lucero, Santa Barbara, CAPrice: $6,250,000
Property Type: Multi-FamilyYear Built: 1963Lot Size: 0.50 acresBldg Size: 12,484 sq. ftZoning: RM/USSDownload: Property Flyer3963 Via Lucero is a conveniently located multi-family property on a tree-lined street in the upper State St. area of Santa Barbara and with a WalkScore® of 78, allowing tenants to enjoy easy access to all that Santa Barbara has to offer. Property was originally built in 1963 and is comprised of 3 buildings with (9) 2Bed/1Bath, (6) 1Bed/1Bath, and (1) Studio surrounding an inviting pool. Tenants also enjoy 9 covered carports, 11 uncovered parking spaces, and a common area laundry room. Electric and gas utilities are individually metered.
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22-Unit Apartment Property at 427 W Islay St, Santa Barbara, CAPrice: $6,750,000
Property Type: Multi-FamilyYear Built: 1968Lot Size: 0.37 acresBldg Size: 7,088 sq. ftZoning: R4Download: Property FlyerSheri Apartments is a 22-unit multi-family building close to downtown Santa Barbara, 4 blocks west of State Street, and 5 blocks south of Santa Barbara Cottage Hospital. Very low cost per unit for Santa Barbara! Originally built in 1968, the property sits on a 16,117 SF lot, and the rentable space is approximately 7,088 SF. Property consists of (2) 1Bed/1Bath and (20) Studio units, all separately metered for electricity and gas. There are 22 uncovered parking spaces and a common laundry area.
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19-Unit Apartment Property at 427 W Montecito St, Santa Barbara, CAPrice: $5,995,000
Property Type: Multi-FamilyYear Built: 1962Lot Size: 0.24 acresBldg Size: 7,225 sq. ftZoning: 10-R-1Download: Property FlyerTwilight Apartments is a well-located multi-family property in Santa Barbara's West Beach area, close to Santa Barbara Harbor, West Beach, Santa Barbara City College, Pershing Park, and all that Santa Barbara's waterfront has to offer. Property consists of (1) 2Bed/1Bath, (6) 1Bed/1Bath, and (12) Studios, for a total of 19 units in 2 buildings. Property was originally built in 1962 and has a Certificate of Occupancy as apartments. R4 zoning provides investors flexibility on whether to keep a long term rental or use as student housing or convert to hotel/hospitality. All utilities are master metered. Studio apartments have compact kitchenettes. There are 19 tuck-under parking spaces and a common area laundry room.
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Sold: Multi-Family Asset at 462 Linfield Pl, Goleta, CAPrice: $2,150,000
Property Type: Multi-FamilyZoning: RHDownload: Flyer (PDF)Well-located 4-plex near UCSB campus and Goleta’s Camino Real Marketplace with its popular restaurants, movie theater, and shops. It’s also just a block from Girsch Park’s playground, baseball fields, basketball court, and soccer field, making this a very desirable rental location for students, singles, families, and other potential tenants. The 4-plex consists of (3) spacious 2Bed/1Bath units and (1) 1Bed/1Bath nestled on a cul-de-sac just off Storke Rd. Unit A has a fireplace, and Units A & B enjoy large private patios. The property also features both covered and uncovered parking at the rear of property plus an onsite laundry room. This is an asset that would complement any portfolio.
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Multi-Family Asset at 716 N G St, Lompoc, CAPrice: $2,799,997
Property Type: Multi-FamilyZoning: R3Download: Flyer (PDF)First time on the market in over 30 years! The Copper Kettle Apartments is a gated, garden style apartment complex in Lompoc featuring 18 units within (3) 2-story buildings surrounding a courtyard with a pool. Located on 3 parcels, the property has an attractive unit mix of (10) 2Bed/1Bath and (8) 1Bed/1Bath apartment homes. It also features an onsite, common laundry room and 18 covered, off-street parking spaces in the rear. Lots of upside opportunity for investors.
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Multi-Family Asset at 324 N L St, Lompoc, CAPrice: $1,750,000
Property Type: Multi-FamilyZoning: R3Download: Flyer (PDF)Three (3) single story fourplexes on 2 parcels with all 1Bed/1Bath units, each featuring a private rear patio. Units are separately metered for electricity and gas, and each building has its own water meter. 12 uncovered parking spaces at rear of property. Most tenants are long term, and all rental agreements are month to month. Larger parcel may be of sufficient size to split so that each fourplex resides on a separate lot. Check with your architect and/or the City to confirm parcel eligibility for lot split/merger.
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Sold: Affordable Housing Multi-Family Asset – 725-733 N E St, Lompoc, CAPrice: $2,295,000
Property Type: Multi-FamilyZoning: R3Download: Flyer (PDF)Battaglia Commercial Real Estate and Hayes Commercial Group are pleased to offer for purchase three six-unit apartment buildings located in Lompoc, CA. Each apartment building is two stories and located on a separate legal parcel and feature 3 downstairs units with private patios and 3 upstairs units. Each building also include a laundry room(see Note 1) and 6 off street parking spaces accessible from the rear alley. All units consist of identical 2BD/1BA units totaling approximately 751 SF each. Most units have been updated over the past seven years and include granite or quartz countertops in the kitchens, tile floors in the bathrooms and kitchens, and tile or wood-like laminate flooring in the living room/hallways/bedrooms. Two units are vacant and in need of significant renovations. Call listing agents for more details. Note 1: Currently, only one of the three laundry rooms is in use, and machines are leased from WASH laundry services.
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507 W Ocean Ave, Lompoc, CAProperty Type: Multi-FamilyLot Size: 13,939 sq. ftZoning: R3# Units: 6Download: Flyer (PDF)Bread and butter units in south Lompoc. The property features 6 well-maintained, single story, 2Bed/1Bath units in 2 buildings. Units are separately metered for electricity and gas. 10 uncovered parking spaces at rear of property. Most tenants are long term, and all rental agreements are month to month.
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401 Tiffany Dr, Santa Maria, CAProperty Type: Multi-Family# Units: 4Attractive fourplex, with 4 APNs, constructed and mapped as condominiums but have always been operated as apartments townhomes. Unit mix is (1) 3Bed/1.75Bath unit and (3) 2Bed/1.5Bath units. Each unit features gas appliances, central heating, laundry hookups, private back patio, and a 2-car garage. All are separately metered for electricity, gas, and water. The property is located in a park-like setting within a desirable residential neighborhood. New roof and exterior paint. Lots of opportunity with this property.
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Multi-Family for Sale