SOLD 03/25/2024
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Commercial sold for $3,150,000 in 109 days
101 Rice Ranch Rd Santa Maria, CA, 93455
Off the market Other
This well-maintained 10-unit townhouse complex is a perfect investment for an investor looking for an asset in a prime location. The property features spacious 2-bedroom apartment homes averaging over 1,200 SF, each with their own private patio and garage. The complex was recently tented and had extensive facia work, exterior painting and roof work completed. Additionally, new roll-up garage doors, many new ranges and water heaters were installed, as well as the parking area resurfaced. All units are separately metered for water, gas and electric, helping to keep owner expenses low. Rents are well below market. Market rents equate to a 5.53% Cap Rate.
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Property details
12,939 sqft interior area
Land area
81,457 sqft (1.87 acres)
Address
101 Rice Ranch Rd, Santa Maria, CA, 93455
City of California
Santa Maria
County
Santa Barbara
Year Built
1985
District
Listing
Nearby major retailers
Costco
Lowe's
Albertsons
Walmart Neighborhood Market
Wholesale: 1
Do it yourself: 2
Supermarket: 3
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Listed by
Jason Hart, Hart Commercial Real Estate
Name
Jason Hart
License number
01334694
Brokerage company
Hart Commercial Real Estate
MLS #
CRPI23223115
Buyer agent
Name
Steven Golis
Brokerage company
Radius Group Commercial RE
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Calculate your monthly payments
Mortgage
$9,672
Taxes
$0
HOA dues
$0
Mortgage
$630,000 / 20%
2.28%
30 years
Your amount
$9,672 / month
Lot details
TMK #103500057
Lot Description
Irregular Lot
Parcel nr.
103500057
93455 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
—
no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data
People living in 93455
42%
Families with children
National average: 39%
28%
Non family households
84,823
Population
$87,779
Average Income
Age & gender
Median age 38 years
More info
Commute types
89% commute by car
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Education level
23% have high school education
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Number of employees
12% work in education and healthcare
More info
Vehicles available
41% have 2 vehicle
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Vehicles by gender
41% have 2 vehicle
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Housing market insights for
$687.23k
Neighborhood average
sales price*
sales price*
$675k
Neighborhood median
sales price*
sales price*
115
Number
of sales*
of sales*
Housing type
78% are single detacheds
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Rooms
42% of the houses have 6 or 7 rooms
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Bedrooms
68% have 2 or 3 bedrooms
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Owners vs Renters
74% are owners
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6.17 / 20
Below Average
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Price history
Sold Mar 25, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Mar 25, 2024 | Sold | $3,150,000 | 0 | Public Record |
| Mar 25, 2024 | Price Decrease | $3,150,000 -3.08% | 0 | MLS #CRPI23223115 |
| Jan 7, 2024 | Pending | $3,250,000 | 0 | MLS #CRPI23223115 |
| Dec 8, 2023 | New Listing | $3,250,000 | 0 | MLS #CRPI23223115 |
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Frequently Asked Questions about 101 Rice Ranch Rd
What is 101 Rice Ranch Rd?
101 Rice Ranch Rd is a Commercial/Industrial propertywith 12,939 sqft interior space.
What is the rental income?
-
What is the full address of this Commercial?
101 Rice Ranch Rd, Santa Maria, CA, 93455.
What comparable properties are nearby?
Comparable nearby commercial properties include 2105 S Blosser Rd, 910 Guadalupe St, 1501 E Laurel Ave, 138 N O St, 2356 Alamo Pintado Ave, 377 1st St.
Based on information from the bridgeMLS as of 04-29-2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing last updated on: Mar 25, 2024
Verhouse Last checked 2 minutes ago
The closest grocery stores are Old Town Market, 0.62 miles away and Albertsons, 1.1 miles away.
The 93455 zip area has a population of 84,823, and 42% of the families have children. The median age is 38.82 years and 89% commute by car. The most popular housing type is "single detached" and 74% is owner.
