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Agnes Apartments | 13 Units 127 Agnes Ave 5 Unit Apartment Building $3,500,000 ($700,000/Unit) Santa Maria, CA 93458
INVESTMENT HIGHLIGHTS
- Unit mix: (5) Studios; (6) 1BD/1BA; (2) 2BD/1BA.
- GRM: Current: 12.34 • Market: 11.92.
- 3.77% interest assumable debt available at 48.7% LTV through November 30, 2029.
- Cap rate: Current: 5.15% • Market: 5.42%.
- Land Size: ±18,731 SF ($187/SF).
- $1,664,000 assumable agency loan in place with 3.77% interest only, subject to lender approval and a 1% assumption fee.
EXECUTIVE SUMMARY
Positive Leverage From Day 1 w/ Assumable Agency Loan | Agnes Apartments is a 13-unit multifamily community located in Santa Maria, offering a well-positioned residential investment with immediate cash flow. The property features an ideal unit mix consisting of studios, one-bedroom, and two-bedroom units, allowing for broad tenant appeal. Units are arranged around a central courtyard with open green space, providing a functional common area for residents. The property includes a shared on-site washer and dryer room and covered carport parking, with one parking space provided per unit. Recent lighting upgrades have improved visibility and safety throughout the parking areas.
The property provides convenient access to nearby retail, employment centers, and major commuter routes, supporting steady rental demand. Current rents are near market, allowing an incoming owner to benefit from in-place cash flow while retaining potential for incremental rent growth. Overall, 127 W. Agnes is a clean, efficiently operated apartment property with practical amenities and a central location, making it a stable multifamily investment in the Santa Maria market.
$1,664,000 assumable agency loan in place with 3.77% interest only, subject to lender approval and a 1% assumption fee. Please contact Listing Agents for further details.
ALSO AVAILABLE FOR PURCHASE AS A 2-PROPERTY PORTFOLIO. BOTH PROPERTIES UNDER SAME OWNERSHIP: THE LOFTS AT 511 COOK ST & AGNES APARTMENTS.
The property provides convenient access to nearby retail, employment centers, and major commuter routes, supporting steady rental demand. Current rents are near market, allowing an incoming owner to benefit from in-place cash flow while retaining potential for incremental rent growth. Overall, 127 W. Agnes is a clean, efficiently operated apartment property with practical amenities and a central location, making it a stable multifamily investment in the Santa Maria market.
$1,664,000 assumable agency loan in place with 3.77% interest only, subject to lender approval and a 1% assumption fee. Please contact Listing Agents for further details.
ALSO AVAILABLE FOR PURCHASE AS A 2-PROPERTY PORTFOLIO. BOTH PROPERTIES UNDER SAME OWNERSHIP: THE LOFTS AT 511 COOK ST & AGNES APARTMENTS.
PROPERTY FACTS
| Price | $3,500,000 | Building Class | C |
| Price Per Unit | $700,000 | Lot Size | 0.43 AC |
| Sale Type | Investment | Building Size | 5,682 SF |
| No. Units | 5 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1965 |
| Apartment Style | Garden | Parking Ratio | 2.29/1,000 SF |
| Zoning | R-3 | ||
| Price | $3,500,000 |
| Price Per Unit | $700,000 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.43 AC |
| Building Size | 5,682 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 2.29/1,000 SF |
| Zoning | R-3 |
AMENITIES
UNIT AMENITIES
- Disposal
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Dining Room
- Handrails
SITE AMENITIES
- Courtyard
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 5 | - | - |
Walk Score®
Very Walkable (75)
PROPERTY TAXES
| Parcel Number | 119-063-006 | Improvements Assessment | $1,656,543 |
| Land Assessment | $418,317 | Total Assessment | $2,074,860 |
PROPERTY TAXES
Parcel Number
119-063-006
Land Assessment
$418,317
Improvements Assessment
$1,656,543
Total Assessment
$2,074,860
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Agnes Apartments | 13 Units | 127 Agnes Ave
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