Active
6 beds3 baths7,012 sqft
115 S Bradley Rd, Santa Maria, CA 93454
Est: $18,143/moGet pre-approved
Multi FamilyProperty Type
0.6 acresLot Size
1964Year Built
$474/sq ftPrice per sq ft
25 carsParking Spaces

Description

To be sold in conjunction with 123 S Bradley Road, Santa Maria (APN 125-053-007)115-123 S. Bradley Road presents a compelling value-add multifamily investment opportunity in Santa Maria, offering an attractive combination of in-place cash flow, significant rental upside, potential ADU development, and a highly accessible location. Built in 1964, this 13-unit property features a highly marketable and diversified unit mix consisting of six (6) one-bedroom/one-bathroom units, five (5) two-bedroom/one-bathroom...To be sold in conjunction with 123 S Bradley Road, Santa Maria (APN 125-053-007)115-123 S. Bradley Road presents a compelling value-add multifamily investment opportunity in Santa Maria, offering an attractive combination of in-place cash flow, significant rental upside, potential ADU development, and a highly accessible location. Built in 1964, this 13-unit property features a highly marketable and diversified unit mix consisting of six (6) one-bedroom/one-bathroom units, five (5) two-bedroom/one-bathroom units, and two (2) three-bedroom/one-bathroom units. The property also offers potential additional-density upside through ADU development. Pursuant to California Senate Bill (SB) 1211, multifamily property owners may be eligible to develop ADUs at a ratio of up to one ADU per existing unit, subject to applicable limitations, including a maximum of eight (8) ADUs and compliance with density, zoning, and building requirements. Two prominent areas of this property near the property's S. Bradley Road frontage appear to offer potential locations to build out, at least, some additional ADU units.115-123 S. Bradley Road combines an attractive acquisition basis with multiple identifiable value-creation drivers. The combination of below-market rents, potential additional density, recent capital improvements, commuter-oriented location, diversified unit mix, and limited multifamily inventory positions the property as an attractive opportunity for an investor seeking both current income and meaningful upside through active asset management.
3 days on Market
  • Listed by: Craig Lieberman DRE #00682741 • Apartment Investment Specialis
Last updated: 09/17/2026 01:56 PM • Source: CLAW, MLS#: V1-38773VC

Location

Listing Courtesy of Apartment Investment Specialis, Craig Lieberman, DRE #00682741
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Payment Calculator

$18,143 per month

30 year fixed, 6.71% Interest

Principal and Interest

$17,182

Property Taxes

$961

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 115 South Bradley Road

Property Details
  • MLS Type: Residential Income
  • Property Attached YN: false
  • Parcel Number: 125053006
  • Total Units: 13.0
  • Living Area: 7012
  • Area: Santa Maria (SMIA)
  • Subdivision Name: Not Applicable
  • Lot Size Area: 26136
  • Source Lot Size Area: 404
  • Home owner Dues: $0
  • Assessor Parcel Number: 125-053-006
  • Directions: Located between E. Main Street and E. Cypress Street
Building Information
  • Year Built: 1964
  • Lot Size: 0.60 AC / 26,136 SF
Community / Development
Community / Development
  • Number Of Units: 13
  • Professional Management: 13325.0
  • Community Features: Street Lights, Sidewalks
  • Community Features: Street Lights, Sidewalks
  • Senior Community: No
  • Builders Tract Name: Not Applicable
  • Builders Tract Code: Not Applicable
Structure Info
Structure Info
  • Building Type: Detached
  • Year Built Source: Assessor
  • View: No
  • View Description: None
  • View: None
  • Guest House: None
Contract Info
Contract Info
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Net Operating Income: $163,782.00
  • Gross Scheduled Income: $274,752
  • Monthly GrossI Income: $274,752.00
  • Total Annual Expense: 110970
  • Water Expense: $17,524.00
  • Gas Expense: $4,549
  • Electric Expense: $7,774.00
  • Trash Expense: $3,600.00
  • Insurance Expense: $14,000
  • Expense Operating: $110,970.00
  • Management Expense: $13,325.00
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Lot Acreage: 1.0
  • Lot Size Square Feet: 26136
  • Lot Features: Sprinklers None
  • Telephone: 0.0
  • Cable: 0.0
  • Assessments: None
Parking Details
Parking Details
  • Parking Garage: Carport
  • Total Parking: 25
  • Garage Spaces Total: 2
  • Carport Spaces Total: 0
  • Number Of Remote Controls: 0.0
  • Parking Features: Carport
Interior Features
Interior Features
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Cooling Type: None
  • Heating: None
  • Heating Type: None
  • Equipment: None, Refrigerator
  • Common Walls: Detached/No Common Walls
  • Cooking Appliances: Oven-Gas
  • Laundry: None
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Fence: Wood
Lease Terms
Lease Terms
  • Entry Date: 09-16-2026
  • Listing Terms: Cash, Cash To New Loan
  • Rent Control: No
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $9,648.00
  • Unit Actual Rent: $9,648.00
  • Unit Projected Rent: $1,800.00
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Actual Rent: $9,175.00
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Actual Rent: $4,072.00
Unit Details
  • Unit Type Type: 2106, 2107, 2108
  • Number of Electric Meters: 1
  • Number of Gas Meters: 1
  • Number Water Meters: 1

Property History for 115 South Bradley Road

DateEvent & SourcePriceAppreciation
Sep 16, 2026

Listed (Active)

CRMLS #V1-38773

$3,325,000
Sep 16, 2026

Listed (Active)

CLAW #V1-38773VC

$3,325,000
Aug 26, 1995

Expired

NSBCMLS #651523

$250,000
DateEvent & SourcePrice
09/16/2026

Listed (Active)

CRMLS #V1-38773

$3,325,000
09/16/2026

Listed (Active)

CLAW #V1-38773VC

$3,325,000
08/26/1995

Expired

NSBCMLS #651523

$250,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 115 South Bradley Road

Taxable ValueLand$379,746Additions$660,654Total$1,040,400
Tax Record2025$11,535 ($961 / month)
Home Facts
Total Finished SqFt3,282 SqFtAbove Grade Finished SqFt3,282 SqFtLot Size13,068 SqFtStyleMulti-Family Res (5+ Units)CountySANTA BARBARAAPN125-053-006

Schools near 115 South Bradley Road

This home is within Santa Maria-Bonita School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - K to 6
Rating
School
Distance
Miller (Isaac) Elementary School
PublicK to 6

Fesler (Isaac) Junior High School
Public7 to 8

Pioneer Valley High School
Public9 to 12

Bill Libbon Elementary
PublicK to 6

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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115 South Bradley Road is a multi-family home for sale in Santa Maria, CA 93454. This property was listed for sale on September 16, 2026 by Apartment Investment Specialis, it's currently listed at $3,325,000. This listing's school districts are Santa Maria Joint Union High School District, Santa Maria-Bonita School District. Nearby schools include Miller (Isaac) Elementary School, Fesler (Isaac) Junior High School and Pioneer Valley High School. 115 South Bradley Road is a 6-bed, 3-bath, 7,012 sqft multi-family home built in 1964.

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 Apartment Investment Specialis, Craig Lieberman, DRE #00682741

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.