503 East Monroe Street

Santa Maria, CA 93454

$1,100,000
Price
3
Beds
2
Baths
1,330 Sq. Ft.
$827 / Sq. Ft.
1,330
Sq. Ft.
$827
per Sq. Ft.

Description

An investor's dream awaits with this highly sought-after 3-unit multi-family property, nestled on the desirable North East side of town. The main home boasts 3 bedrooms and 2 bathrooms, encompassing approximately 1,330 square feet of living space. Inside, you'll find a generously sized kitchen, perfect for culinary enthusiasts, and a spacious living room ideal for gatherings. The master bedroom offers the luxury of a private bathroom for added comfort. Additionally, there's an attached garage conversion...An investor's dream awaits with this highly sought-after 3-unit multi-family property, nestled on the desirable North East side of town. The main home boasts 3 bedrooms and 2 bathrooms, encompassing approximately 1,330 square feet of living space. Inside, you'll find a generously sized kitchen, perfect for culinary enthusiasts, and a spacious living room ideal for gatherings. The master bedroom offers the luxury of a private bathroom for added comfort. Additionally, there's an attached garage conversion ADU, providing a separate 1 bedroom and 1 bathroom living space spanning 413 square feet. For further versatility, a detached ADU offers another 1 bedroom and 1 bathroom layout, spanning approximately 450 square feet. This property presents an exceptional investment opportunity in a prime location. Solar Panels leased.
  1. Listed by Gloria Contreras • DRE #02152148 • Eighty20 Group

Property Details for 503 East Monroe Street

Zone Description
Duplex/Triplex
Street Direction
E

Location

Listing Courtesy of Eighty20 Group, Gloria Contreras, DRE #02152148
Add your commute
LISTING UPDATED: 04/18/2024 10:29 AM

Property Details for 503 East Monroe Street

StatusActive
MLS #24000625
Days on Market57
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Multi-Family
Year Built1962
Lot Size0.15 AC / 6,534 SF
CountySanta Barbara County

Location

Listing Courtesy of Eighty20 Group, Gloria Contreras, DRE #02152148
Add your commute

Building Information for 503 East Monroe Street

Stories-Residences3Year Built1962Building Size-Lot Size0.15 AC / 6,534 SF

Payment Calculator

$6,414 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,003

Property Taxes

$411

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 503 East Monroe Street

Summary
Location and General Information
  • Major Area: 13 - SM Northwest
  • Sub-Area: 920 - SM Northwest
  • Absolute Longitude: 120
  • Map Page: 0
Parking
  • Parking: 1 - 5
Property
Lot Information
  • Lot Size Source: Tax Records
  • Sq Ft Source: Tax Records
  • Acres: 0.15
  • Cumulative DOM: 0
Property and Assessments
  • APN: 128-010-044
  • Listing Detail: Agent Rel/Princ
  • Document Count: 0
  • Deposit: 20,000
  • REO: No
  • Reports Available: None
  • Possession: Close Of Escrow, Subject To Tenant Rights
Utilities
  • Sewer: Public Sewer
  • Water: Public
Interior and Exterior Features
Exterior Features
  • Roof Description: Shingle
  • Exterior: Stucco
Interior Features
  • Air Conditioning: None
  • Foundation: Slab
  • Heating: Forced Air
Multi Family
1 Bedroom Unit
  • # of 1 Bedroom Units: 1
  • SqFt Range: 500
  • Full Baths: 1
3 Bedroom Unit
  • # of 3 Bedroom Units: 1
  • SqFt Range: 1330
  • Full Baths: 2
Income & Expenses
  • Net Operating Income: $90,000.00
  • Income Source: Estimated
Agent
Agent
  • Service Type: Full Service
Rental
Rental
  • Tenant Pays: Electricity, Gas, Water

Property History for 503 East Monroe Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 503 East Monroe Street

Taxable ValueLand$144,394Additions$302,789Total$447,183
Tax Record2023$4,933 ($411 / month)
Home Facts
Beds3Total Finished SqFt1,330 SqFtAbove Grade Finished SqFt1,330 SqFtLot Size6,534 SqFtStyleSingle Family ResidenceYear Built1962CountySANTA BARBARAAPN128-010-044Fireplace TypeHas Fireplace

Schools near 503 East Monroe Street

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 7
Rating
School
Distance
Rice (William) Elementary School
PublicK to 6

Kunst (Tommie) Junior High School
Public7 to 8

Pioneer Valley High School
Public9 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.

Similar Homes

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Similar Sold Homes

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503 East Monroe Street is a multi-family home for sale in Santa Maria, CA 93454. This property was listed for sale on April 5, 2024 by Eighty20 Group, it's currently listed at $1,100,000. It has been on the market for a total of 57 days and was last sold on May 8, 2015. This listing's school districts are Santa Maria-Bonita School District, Santa Maria Joint Union High School District. Nearby schools include Rice (William) Elementary School, Kunst (Tommie) Junior High School and Pioneer Valley High School. 503 East Monroe Street is a 3-bed, 2-bath, 1,330 sqft multi-family home built in 1962.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Eighty20 Group, Gloria Contreras, DRE #02152148

Based on information from one of the following Multiple Listing Services: Santa Barbara 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 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.