311 Lolita #L Save Request In-Person Tour Request Virtual Tour
Santa Maria,CA 93458
Key Details
Property Type Townhouse
Sub Type Townhouse
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 1,026 sqft
Price per Sqft $414
MLS Listing ID CRPI25233638
Bedrooms 2
Full Baths 1
HOA Fees $150/mo
Year Built 1984
Lot Size 10,000 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
Interior
Heating Central
Cooling None
Flooring Laminate,Tile,Carpet
Fireplaces Type Family Room,Gas,Living Room
Laundry Dryer,Laundry Closet,Inside,Upper Level
Exterior
Pool None
Amenities Available Other
View None
Building
Lot Description Corner Lot,Other,Landscaped,Street Light(s),Storm Drain
Story 2
Foundation Concrete Perimeter
Water Public
Schools
School District Santa Maria Joint Union High