Sold for $3,150,000

Listed by: Hart Commercial Real Estate • Jason Hart • Contact: 805-709-6491

Bought with: Radius Group Commercial RE

$3,150,000

101 Rice Ranch Rd, Santa Maria, CA 93455

22beds

20baths

12,939sqft

Multi Family

Built in 1985

-- sqft lot

$-- Zestimate^®

$243/sqft

$4,338 Estimated rent

Home value

Not available

Estimated sales range

Not available

$4,338/mo

Zestimate^® history

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$4,338/mo

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$19,549/mo

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$19,549/mo

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What's special

New rangesPrivate patioNew roll-up garage doorsRoof workExterior painting

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.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 22
Bathrooms: 20

Heating

Forced Air

Appliances

Laundry: Electric Dryer Hookup, Gas Dryer Hookup

Features

Has fireplace: Yes
Fireplace features: Living Room
Common walls with other units/homes: 1 Common Wall

Interior area

Total structure area: 12,939
Total interior livable area: 12,939 sqft

Property

Parking

Total spaces: 10
Parking features: Garage
Garage spaces: 10

Features

Levels: Two
Stories: 2
Entry location: 1st
Pool features: None

Lot

Size: 1.87 Acres
Features: Irregular Lot

Details

Additional parcels included: 103500058
Parcel number: 103500057
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family
Attached to another structure: Yes

Condition

New construction: No
Year built: 1985

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Suburban
Subdivision: Orcutt East(870)

Location

Region: Santa Maria

Financial & listing details

Price per square foot: $243/sqft
Tax assessed value: $2,244,000
Annual tax amount: $34,303
Date on market: 12/8/2023
Cumulative days on market: 30 days
Listing terms: Cash to New Loan
Tenant pays: Electricity, Gas

Price history

Date	Event	Price
3/25/2024	Sold	$3,150,000-3.1%$243/sqft
Source: CRMLS #PI23223115 Report a problem
1/7/2024	Pending sale	$3,250,000$251/sqft
Source: CRMLS #PI23223115 Report a problem
12/8/2023	Listed for sale	$3,250,000$251/sqft
Source: CRMLS #PI23223115 Report a problem
9/10/2020	Listing removed	$1,750
Source: RPM Central Coast Report a problem
8/13/2020	Listed for rent	$1,750
Source: RPM Central Coast Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$34,303 +18.5%	$2,244,000 +26.2%
2024	$28,938 +29.3%	$1,778,236 +49.3%
2023	$22,375 +1.5%	$1,190,895 +2%
2022	$22,054 +16.3%	$1,167,545 +28.6%
2021	$18,968 +1.1%	$908,085 +1%
2020	$18,757 +1.5%	$898,775 +2%
2019	$18,480 +2.1%	$881,153 +2%
2018	$18,102 +2.1%	$863,877 +2%
2017	$17,725 +2.4%	$846,940 +2%
2016	$17,315 +7.5%	$830,334 +1.5%
2015	$16,100	$817,862 +2%
2014	$16,100	$801,843 +2.5%
2012	--	$782,571 +2%
2011	--	$767,227 +0.8%
2010	--	$761,494 -0.2%
2009	--	$763,304