12
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$605,000
Est. payment /mo
1 Bed
Active
413 West Street Santa Maria, CA 93458
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Sm Southwest(940)
MLS Listing ID PI25168102
Bedrooms 1
Property Sub-Type Res Income 2-4 Units
Property Description
Unique Investment Opportunity - Zoned R2 with Future Development Potential. This is a rare opportunity for a buyer with vision and patience. Located in an area the City of Santa Maria has identified for future development, this property was previously zoned M1 and is now designated R2. The current use is grandfathered under the prior M1 zoning; however, any new use must comply with the current R2 zoning regulations. Buyers are encouraged to verify zoning and development plans directly with the City of Santa Maria. The dirt road from Thornburg is technically not a legal easement. It is an implied easement. All residence have always used the dirt road to access their properties. The lot is approximately 24,306 square feet per recent legal split (records available), though public records still reflect a larger 40,510 square foot parcel. The property includes a 1,092 square foot structure built in 1957 on a slab foundation. The building is in poor condition and may be best suited for tear-down. Utilities include city water, natural gas, and septic system. This is an excellent opportunity to invest in a transitioning neighborhood with long-term upside potential.
Location
State CA
County Santa Barbara
Zoning Public Rec
Direction From Broaday to Carmen Ln. to Thornburg to West.
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Tax ID 117760012
Listed by James Gallegos Century 21 Masters-SM