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435 E Newlove Dr 6 Unit Apartment Building $2,991,344 CAD ($498,557 CAD/Unit) 4.83% Cap Rate Santa Maria, CA 93454
Investment Highlights
- 2 Car Garage Per Unit
- Close to Betteravia Shopping Area
- Private Balconies & Back Patios
Executive Summary
This 6-unit apartment building consists of all 2-story, 3Bed/2.5Bath townhouse units, each with a 2-car garage and laundry hookups. Located on over a half-acre lot, the property is conveniently situated near Enos Ranch and the Betteravia Rd shopping area, providing tenants with easy access to shopping and local amenities. The property also offers strong potential with extra space at the back of the lot that could allow for the construction of additional units. A great opportunity for investors seeking to add value.
Property Facts Under Contract
| Price | $2,991,344 CAD | Apartment Style | Townhome |
| Price Per Unit | $498,557 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.59 AC |
| Cap Rate | 4.83% | Building Size | 8,640 SF |
| Gross Rent Multiplier | 12.9 | No. Stories | 2 |
| No. Units | 6 | Year Built | 1983 |
| Property Type | Multifamily | Parking Ratio | 0.69/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R2 - Residential | ||
| Price | $2,991,344 CAD |
| Price Per Unit | $498,557 CAD |
| Sale Type | Investment |
| Cap Rate | 4.83% |
| Gross Rent Multiplier | 12.9 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.59 AC |
| Building Size | 8,640 SF |
| No. Stories | 2 |
| Year Built | 1983 |
| Parking Ratio | 0.69/1,000 SF |
| Zoning | R2 - Residential |
Amenities
Site Amenities
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2.5 | 6 | $3,193 CAD | 1,440 |
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Property Taxes
| Parcel Number | 128-073-002 | Improvements Assessment | $1,587,940 CAD |
| Land Assessment | $866,148 CAD | Total Assessment | $2,454,088 CAD |
Property Taxes
Parcel Number
128-073-002
Land Assessment
$866,148 CAD
Improvements Assessment
$1,587,940 CAD
Total Assessment
$2,454,088 CAD
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435 E Newlove Dr
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