101 East Rice Ranch Road
Description
and garage. The complex was recently tented and had extensive facia work, exterior painting and roof work completed. Additionally,
new roll-up garage doors, many new ranges and water heaters were installed, as well as the parking area resurfaced. All units are...This well-maintained 10-unit townhouse complex is a perfect investment for an investor looking for an asset in a prime location. The property features spacious 2-bedroom apartment homes averaging over 1,200 SF, each with their own private patio
and garage. The complex was recently tented and had extensive facia work, exterior painting and roof work completed. Additionally,
new roll-up garage doors, many new ranges and water heaters were installed, as well as the parking area resurfaced. All units are separately metered for water, gas and electric, helping to keep owner expenses low. Rents are well below market. Market rents equate to a 5.53% Cap Rate.
- Listed by: Jason Hart DRE #01334694 Brokerage DRE #01334694 • Hart Commercial Real Estate Jason@HartCRE.com
Recent comparable sales
Median sold price
$1,012,000
Avg days on market
45
Sale-to-list ratio
95.0%
Santa Maria, CA
9 comparable properties found
$1,749,000
Sold 08/14/26
- 5
- Bedrooms
- 5
- Bathrooms
- 3,853
- Square Feet
- 0.21
- Acres
$1,560,000
Sold 10/09/26
- 5
- Bedrooms
- 5
- Bathrooms
- 5,110
- Square Feet
- 1.03
- Acres
$850,000
Sold 11/07/24
- 5
- Bedrooms
- 3
- Bathrooms
- 2,794
- Square Feet
- 0.24
- Acres
$925,000
Sold 08/28/26
- 5
- Bedrooms
- 4
- Bathrooms
- 3,618
- Square Feet
- 0.26
- Acres
$965,000
Sold 02/19/26
- 5
- Bedrooms
- 3
- Bathrooms
- 2,431
- Square Feet
- 0.18
- Acres
$1,012,000
Sold 11/26/25
- 5
- Bedrooms
- 3
- Bathrooms
- 2,142
- Square Feet
- 0.47
- Acres
$850,000
Sold 07/30/26
- 5
- Bedrooms
- 3
- Bathrooms
- 2,434
- Square Feet
- 0.23
- Acres
Location
Sold By Radius Group Commercial RE, Steven Golis, DRE #00772218
$17,805 per month
30 year fixed, 7.03% Interest
$16,816
$989
$0
1Property Information for 101 East Rice Ranch Road
Property Details
- MLS Type: Residential Income / Res Income 2-4 Units
- County: Santa Barbara County
- Parking Spaces Total: 10
- Private Pool: No
- Total Units: 10.0
- Building Type: Attached
- Lot Size Source: Public Records
- Living Area: 12939
- Assessor Parcel Number: 103-500-057
- Property Attached YN: true
- Common Walls: 1 Common Wall
- New Construction: No
- Average Studio Area Units: Square Feet
- Average 1 Bed Area Units: Square Feet
- Average 2 Bed Area Units: Square Feet
- Average 3 Bed Area Units: Square Feet
- Building Area Total: 12939
- Building Area Units: Square Feet
- Stories Total: 2
- Entry Level: 1
- Fireplace: Yes
- Pool: No
- Association: No
- Association Fee: $.00
- Zoning: Public Rec
- Subdivision Name: Orcutt East(870)
- Subdivision Name Other: Orcutt East(870)
- Senior Community: No
- Parcel Number: 103500057
- Area: Orcutt (ORCT)
- Directions: Orcutt Rd to Rice Ranch Rd
Building Information
- Building/Complex: 101 E Rice Ranch Rd
- Stories: 2
- Year Built: 1985
Rental Info
- Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
- Gross Income: $130,472
- Gross Scheduled Income: $226,020
- Vacancy Allowance Rate: 3
- Gross Operating Income: $219,239
- Net Operating Income: $130,472
- Gross Multiplier: 14.38
- Cap Rate: 4.01
- Financing: Cash To New Loan
- Operating Expense: $88,767
- New Taxes Expense: $35,750
- Electric Expense: $92
- Insurance Expense: $7,395
- Maintenance Expense: $23,499
- Professional Management Expense: $13,356
- Other Expense: $46
- Other Expense Description: Gas
- Trash Expense: $5,780
- Water Sewer Expense: $2,849
- Total Expenses: $88,767
- CFD/Mello-Roos Fee: $0
Community / Development
- Community Features: Suburban
- Community: Orcutt East(870)
Property / Structure Info
- Laundry: Yes
- Laundry Features: Gas & Electric Dryer Hookup
- Fireplace Features: Living Room
- Fireplace Rooms: Living Room
- Heating Type: Forced Air
- Heating: Forced Air
- Heat Equipment: Forced Air Unit
- Entry Location: 1st
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Pool Heat: N/K
- Additional Parcels Description: 103500058
- Lot Features: Irregular Lot
- Number Of Units: 10
- Land Lease: No
- Land Lease Type: Fee
- Levels: Two
- Water: Public
- Sewer: Public Sewer
- Water Source: Public
- Garage Spaces: 10
- Parking Garage Spaces: 10
- Carport Spaces: 0
- Builders Tract Name: Orcutt East
- Builders Tract Code: Orcutt East(870)
- Residential Styles: Res Income 2-4 Units
Unit Information
- Unit Type Units Total: 2
- Unit Type Beds Total: 3
- Unit Type Baths Total: 2
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $2,083
- Unit Type Total Rent: $4,165
- Unit Type Pro Forma: 2550
- Unit Type Type: 1
- Unit Type Units Total: 8
- Unit Type Beds Total: 2
- Unit Type Baths Total: 2
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $1,834
- Unit Type Total Rent: $14,670
- Unit Type Pro Forma: 2150
- Unit Type Type: 2
- Rent Controlled: No
- Number Of Buildings: 2
- Number Of Separate Electric Meters: 10
- Number Of Separate Gas Meters: 10
- Number Of Separate Water Meters: 10
Property History for 101 East Rice Ranch Road
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Mar 25, 2024 | Sold SDMLS #PI23223115 | $3,150,000 | — |
| Mar 25, 2024 | Sold CRMLS #PI23223115 | $3,150,000 | — |
| Mar 25, 2024 | Sold CLAW #PI23223115MR | $3,150,000 | — |
| Jan 7, 2024 | Pending CRMLS #PI23223115 | — | — |
| Jan 7, 2024 | Pending CLAW #PI23223115MR | — | — |
| Jan 7, 2024 | Pending SDMLS #PI23223115 | — | — |
| Dec 8, 2023 | Listed (Active) CLAW #PI23223115MR | $3,250,000 | — |
| Dec 8, 2023 | Listed (Active) SDMLS #PI23223115 | $3,250,000 | — |
| Dec 8, 2023 | Listed (Active) CRMLS #PI23223115 | $3,250,000 | — |
| Aug 28, 2023 | Sold (Public Record) Public Record #1518233789 | $967,000 | +12.5% / yr |
| Sep 9, 2021 | Sold (Public Record) Public Record #1476538383 | $767,000 | — |
| Sep 9, 2021 | Sold (Public Record) Public Record #1476538410 | $767,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 03/25/2024 | Sold SDMLS #PI23223115 | $3,150,000 |
| 03/25/2024 | Sold CRMLS #PI23223115 | $3,150,000 |
| 03/25/2024 | Sold CLAW #PI23223115MR | $3,150,000 |
| 01/07/2024 | Pending CRMLS #PI23223115 | — |
| 01/07/2024 | Pending CLAW #PI23223115MR | — |
| 01/07/2024 | Pending SDMLS #PI23223115 | — |
| 12/08/2023 | Listed (Active) CLAW #PI23223115MR | $3,250,000 |
| 12/08/2023 | Listed (Active) SDMLS #PI23223115 | $3,250,000 |
| 12/08/2023 | Listed (Active) CRMLS #PI23223115 | $3,250,000 |
| 08/28/2023 | Sold (Public Record) Public Record #1518233789 | $967,000 +12.5% / yr |
| 09/09/2021 | Sold (Public Record) Public Record #1476538383 | $767,000 |
| 09/09/2021 | Sold (Public Record) Public Record #1476538410 | $767,000 |
For completeness, we often displays two records for one sale: the MLS record and the public record.
Public Records for 101 East Rice Ranch Road
Taxable Value
Land
$343,332Additions
$645,048Tax Record
2025
$11,865 ($989 / month)Home Facts
Baths
10Total Finished SqFt
6,212 SqFtAbove Grade Finished SqFt
6,212 SqFtLot Size
18,295 SqFtStyle
Multi-Family Res (5+ Units)Year Built
1985Year Renovated
1985Zoning
DR6County
SANTA BARBARAAPN
103-500-058Schools near 101 East Rice Ranch Road
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 6 | |||
| Public - | 7 to 8 | |||
| Public - | 9 to 12 | |||
| Charter - | K to 12 |
Rating | School | Distance |
|---|---|---|
Pine Grove Elementary School PublicK to 6 | ||
Orcutt Junior High School Public7 to 8 | ||
Ernest Righetti High School Public9 to 12 | ||
Orcutt Academy Charter CharterK to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Nearby home values
| Address | Sold price | Beds | Baths | Sqft | Lot (Sqft) |
|---|---|---|---|---|---|
This home: 101 East Rice Ranch Road, Santa Maria, CA 93455 | $3,150,000 | 5 | 20 | 12,939 | 81,457 |
– | 3 | 2 | 1,958 | 7,841 | |
$455,000 | 4 | 2 | 1,367 | 7,841 | |
– | 4 | 2 | 1,885 | 7,841 | |
$203,000 | 3 | 2 | 1,131 | 7,841 | |
– | 4 | 2 | 1,367 | 7,841 | |
$359,900 | 3 | 2 | 1,231 | 7,841 | |
$409,900 | 3 | 2 | 1,131 | 7,405 | |
$436,000 | 3 | 2 | 1,040 | – | |
– | 3 | 2 | 1,395 | 7,405 | |
$449,000 | 4 | 2 | 1,367 | 7,405 | |
$639,900 | 4 | 2 | 1,376 | 6,970 | |
$220,000 | 3 | 3 | 1,400 | – | |
$675,000 | 3 | 2 | 1,215 | 7,405 | |
– | 3 | 1.75 | 1,765 | 7,405 | |
$349,500 | 3 | 2 | 1,113 | – |
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Hart Commercial Real Estate, Jason Hart, DRE #01334694
Based on information from one of the following Multiple Listing Services: Santa Barbara MLS and North Santa Barbara County Regional MLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Santa Barbara MLS and North Santa Barbara County Regional MLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.