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409-415 Tiffany Dr 4 Unit Apartment Building $1,500,000 ($375,000/Unit) Santa Maria, CA 93454
Investment Highlights
- Peaceful Park-like Setting
- Private Back Patios
- Detached 2 Car Garage Parking Per Unit
Executive Summary
Attractive fourplex featuring (1) 3Bed/1.75Bath unit and (3) 2Bed/1.5Bath units. Each unit is townhouse-style, offering gas appliances, central heating, laundry hookups, and a private back patio. Additionally, every unit includes a detached 2-car garage for added convenience. Nestled in a park-like setting within a desirable residential neighborhood, the property provides tenants with both privacy and a peaceful atmosphere. The property consists of four separate APNs and is mapped as condominiums, although it has been operated as apartments since its construction.
Property Facts Under Contract
| Price | $1,500,000 | Building Class | B |
| Price Per Unit | $375,000 | Lot Size | 0.40 AC |
| Sale Type | Investment | Building Size | 4,646 SF |
| Gross Rent Multiplier | 14.62 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1987 |
| Property Subtype | Apartment | Parking Ratio | 0.86/1,000 SF |
| Apartment Style | Townhome | ||
| Zoning | R1 - Residential | ||
| Price | $1,500,000 |
| Price Per Unit | $375,000 |
| Sale Type | Investment |
| Gross Rent Multiplier | 14.62 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 0.40 AC |
| Building Size | 4,646 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1987 |
| Parking Ratio | 0.86/1,000 SF |
| Zoning | R1 - Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $2,149 | 1,060 - 1,328 |
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Property Taxes
| Parcel Numbers | Improvements Assessment | $904,558 | |
| Land Assessment | $250,312 | Total Assessment | $1,154,870 |
Property Taxes
Parcel Numbers
Land Assessment
$250,312
Improvements Assessment
$904,558
Total Assessment
$1,154,870
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409-415 Tiffany Dr
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