Agnes Apartments
13 Units in Santa Maria | 5.15% CAP | 3.77% I/O Assumable Agency Loan
Marketing description
Positive Leverage From Day 1 w/ 3.77% Interest Only 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, allow-ing 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. **Part of a portfolio sale - 511 W Cook Street (11 units) is available under same ownership.**
Investment highlights
$1,664,000 assumable agency loan in place with 3.77% interest only, subject to lender approval and a 1% assumption fee
Part of a Portfolio Sale - 511 W Cook (11 units) is also available for purchase under same ownership
Unit Mix | (11) 1BD/1BA (8 Standard, 3 Townhouse-style)
Cap Rate | Current: 5.21% · Market: 5.37%
GRM | Current: 12.98 · Market: 12.74
Price/Unit | $290,909
Parking | (5) 1-Car Garages; 8 Carport, 3 Surface (16 Total)
Zoning | R-3 (High-Density Residential)
APN | 123-076-008
Year Built | 1976
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
