Twenty-Seven (27) well located and maintained apartments located in North-West Santa Maria across the street from Fairlawn School. These “Garden” style apartments are on four (4) separate but contiguous parcels of land. Tenancy is currently month-to-month with annual rental increases. Unit mix is mostly 2 bedroom/1 bath with several larger 3 bdr/1 bth units; all have interior laundry. Most units have garage parking however there is additional parking on-site or on Mary Drive.

Sale Details

  •  Price: $4,950,000
  • Terms: Cash or CTNL

Property Details

  • Total Building Size:+/-18,979 SF
  •  Number of Units: Twenty-Seven (27)
  •  Unit Mix: (25) 2bdr/1bth     (2) 3bdr/1bth
  •  Tenancy: Month-to-Month  Occupancy: 100%
  • Number of Parcels: Four (4)  Est. Annual Gross Income $379,800
  • Parking: Private Garages and Street
  •  APN #: 119-251-003, 004, 005 & 006