311 Lolita #L Save Request In-Person Tour Request Virtual Tour
Santa Maria,CA 93458
Key Details
Property Type Townhouse
Sub Type Townhome
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 1,026 sqft
Price per Sqft $414
MLS Listing ID PI25233638
Bedrooms 2
Full Baths 1
Half Baths 1
HOA Fees $150/mo
Year Built 1984
Lot Size 10,000 Sqft
Property Sub-Type Townhome
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
Direction 101 S Broadway, right on Morrison, left on Depot, right on Lolita Ln, Unit L is near end on left.
Interior
Interior Features Attic Fan,Pantry
Heating Forced Air Unit
Flooring Carpet,Laminate,Tile
Fireplaces Type FP in Family Room,FP in Living Room,Gas
Fireplace No
Appliance Dishwasher,Dryer,Gas Oven,Recirculated Exhaust Fan,Vented Exhaust Fan,Water Line to Refr
Exterior
Fence New Condition,Privacy,Redwood
Utilities Available Cable Available,Electricity Connected,Natural Gas Connected,Phone Available,Sewer Connected,Water Connected
View Y/N Yes
Water Access Desc Public
Roof Type Shingle
Accessibility 36 Inch+ Wide Halls
Porch Patio Open
Total Parking Spaces 2
Building
Story 2
Sewer Public Sewer
Water Public
Level or Stories 2
Others
HOA Name Rockport 2
HOA Fee Include Exterior (Landscaping),Sewer
Tax ID 117620009
Special Listing Condition Standard