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417 Tiffany Dr - Tiffany Drive Condominiums 4 Unit Apartment Building Offered at $1,600,000 at a 4.66% Cap Rate Santa Maria, CA 93454
Investment Highlights
- Close to Highway 101
- Walkable neighborhood
- No HOA dues
- Close to Hospital
- Individual Condominiums
Executive Summary
Exceptional 4-Unit Condo Investment Opportunity in Santa Maria
Discover a rare opportunity to acquire four individually deeded condominium units at 417–423 Tiffany Drive in Santa Maria. This well-maintained fourplex offers the flexibility of a traditional income-producing investment while giving the buyer the unique option to sell the individual condos separately in the future.
The property features three 2-bedroom 2-bath units and one 3-bedroom 2-bath unit, with each residence offering its own two-car garage—a highly desirable amenity for residents and a strong value-add for future resale.
The property is in excellent condition and is conveniently located near Marian Regional Medical Center and Highway 101 access, making it attractive to a wide range of tenants and owner-occupants alike.
Another major advantage is the absence of a traditional HOA. The property operates with a shared maintenance agreement for the common driveway, helping keep ownership straightforward while avoiding the typical HOA structure and associated dues.
Whether you're looking to build a rental portfolio, invest in Santa Maria real estate, or acquire an asset with future individual resale potential, 417–423 Tiffany Drive offers a compelling combination of high quality condition, flexibility, location, and long-term opportunity.
Discover a rare opportunity to acquire four individually deeded condominium units at 417–423 Tiffany Drive in Santa Maria. This well-maintained fourplex offers the flexibility of a traditional income-producing investment while giving the buyer the unique option to sell the individual condos separately in the future.
The property features three 2-bedroom 2-bath units and one 3-bedroom 2-bath unit, with each residence offering its own two-car garage—a highly desirable amenity for residents and a strong value-add for future resale.
The property is in excellent condition and is conveniently located near Marian Regional Medical Center and Highway 101 access, making it attractive to a wide range of tenants and owner-occupants alike.
Another major advantage is the absence of a traditional HOA. The property operates with a shared maintenance agreement for the common driveway, helping keep ownership straightforward while avoiding the typical HOA structure and associated dues.
Whether you're looking to build a rental portfolio, invest in Santa Maria real estate, or acquire an asset with future individual resale potential, 417–423 Tiffany Drive offers a compelling combination of high quality condition, flexibility, location, and long-term opportunity.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$108,828
|
$23.42
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$108,828
|
$23.42
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$16,828
|
$3.62
|
| Net Operating Income |
$92,000
|
$19.80
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $108,828 |
| Annual Per SF | $23.42 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $108,828 |
| Annual Per SF | $23.42 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $16,828 |
| Annual Per SF | $3.62 |
| Net Operating Income | |
|---|---|
| Annual | $92,000 |
| Annual Per SF | $19.80 |
Property Facts
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- High Speed Internet Access
- Oven
- Range
- Tub/Shower
- Carpet
- Yard
- Dining Room
- Double Pane Windows
- Handrails
- Lawn
- Linen Closet
- Patio
- Porch
- Vinyl Flooring
- Window Coverings
- Large Bedrooms
Site Amenities
- Tenant Controlled HVAC
- Recycling
- Trash Pickup - Curbside
- Storage Space
- Private Bathroom
- Walk To Campus
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | $2,543 | 1,328 |
| 2+1.5 | 3 | $2,353 | 1,106 |
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Fairly walkable
40/100
Exceptionally drivable
90/100
Minimal public transit
10/100
Fairly bikeable
50/100
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Photos
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Street
Map
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Contact the Sale Advisor
417 Tiffany Dr - Tiffany Drive Condominiums