311 Lolita #L new Save Request In-Person Tour Request Virtual Tour
Santa Maria,CA 93458
Key Details
Property Type Townhouse
Sub Type Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 1,026 sqft
Price per Sqft $414
Subdivision Rockport 2
MLS Listing ID PI25233638
Bedrooms 2
Full Baths 1
Half Baths 1
HOA Fees $150/mo
Year Built 1984
Lot Size 10,001 Sqft
Property Sub-Type Townhouse
Property 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!
Location
State CA
County Santa Barbara
Area Smia - Santa Maria
Rooms
Other Rooms Shed(s),Storage
Interior
Heating Central
Cooling None,Attic Fan
Flooring Carpet,Laminate,Tile
Fireplaces Type Family Room,Gas,Living Room
Inclusions Washer, Dryer, Refrigerator
Laundry Inside,Laundry Closet,Upper Level
Exterior
Parking Features Concrete,Carport,Detached Carport,Driveway,On Site,Private
Fence New Condition,Privacy,Wood
Pool None
Community Features Storm Drain(s),Street Lights,Sidewalks
Utilities Available Cable Available,Electricity Connected,Natural Gas Connected,Phone Available,Sewer Connected,Water Connected
Amenities Available Maintenance Front Yard
View Y/N No
View None
Roof Type Shingle
Building
Lot Description 11-15 Units/Acre,Corner Lot,Corners Marked,Front Yard,Lawn,Landscaped,Near Public Transit,Sprinklers On Side,Sprinkler System,Street Level,Walkstreet
Dwelling Type House
Story 2
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Santa Maria Joint Union
Others
Acceptable Financing Cash,Cash to Existing Loan,Cash to New Loan,Conventional,1031 Exchange,FHA 203(b),FHA 203(k),FHA,Fannie Mae,Government Loan
Listing Terms Cash,Cash to Existing Loan,Cash to New Loan,Conventional,1031 Exchange,FHA 203(b),FHA 203(k),FHA,Fannie Mae,Government Loan
Special Listing Condition Standard