Homes for sale - 311 Lolita #L, Santa Maria, CA 93458

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Robyn Flint

robyn@robynflint.com +1(858) 414-1153

$ 425,000

Est. payment | -/mo

2 Beds

1.5 Baths

1,026 SqFt

Save

$ 425,000

Est. payment | -/mo

Save

2 Beds

1.5 Baths

1,026 SqFt

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

Listed by CJ Hegney Keller Williams Realty Central Coast

+1(858) 414-1153

robyn@robynflint.com

Scripps Ranch, 92131, United States

311 Lolita #L Santa Maria, CA 93458