215 N Miller Street Santa Maria CA 93454 MLS #PI25058335

215 N Miller Street
Santa Maria, CA, 93454
$5,125,000
Beds
0 Baths
SqFt
1.03 Acres
This portfolio offers a rare opportunity to acquire 17 units in the rapidly growing Santa Maria market, the fastest-growing area in Santa Barbara County. Known for its relatively affordable housing and strong job base, Santa Maria is a highly desirable location for both tenants and investors. The portfolio consists of 3 properties with a total of 17 units, each strategically positioned to provide steady occupancy and income. Portfolio includes 409-415 Tiffany Dr &#38' 435 E Newlove Dr, Santa Maria. Unit mix over all properties is (9) 3-Bedroom, (7) 2-Bedroom, and (1) Studio. While some of the properties may require updates, they offer significant upside potential through modest rent increases, possible improvements, and opportunities for expansion. With strong demand for housing in the area, this is an ideal investment for those looking to capitalize on Santa Maria’s growth and its potential for value-add initiatives.

Property Details

Price:
$5,125,000
MLS #:
PI25058335
Status:
Active
Baths:
0
Address:
215 N Miller Street
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
smiasantamaria
City:
Santa Maria
Listed Date:
Mar 17, 2025
State:
CA
ZIP:
93454
Lot Size:
44,720 sqft / 1.03 acres (approx)
Year Built:
1983
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Interior

Exterior

Community Features
Park, Sidewalks
Garage Spaces
27.00
Lot Features
Corner Lot, Front Yard, Garden
Parking Spots
27.00
Pool Features
None
Sewer
Other
Stories Total
2
Water Source
Other

Financial

Map

Community

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