Average square foot calculated using Size range provided by listing agent.
Description
Amazing investment opportunity just one hour from Santa Maria. This updated home sits on a large 10, 000+ sq ft lot, offering plenty of room for an ADU and even a JADU. Long-term rent supports approx. $2, 000/month, and with space to add an RV hookup, investors could conservatively generate another $100/night for 15 nights through AirBnB, bringing total income potential to about $3, 500/month. With 20% down and 6% financing, the payment is roughly $1, 100/month, leaving about $2, 400/month in positive cash flow. That's nearly $29, 000 annually and a projected 65% cash-on-cash return. Some see a small town; savvy investors see expansion potential, strong numbers, and rare affordability, all within an hour of California's Central Coast beach communities. Seller financing possible!Show Description
MLS® Number202504761
Laundry Level
Central VacNo
FireplaceNo
Acreage0.23
Exterior
GarageYes
Approx. Age1952
Basement
Driveway1 Car Garage
Garage Spaces
HeatCentral Heat
A/CEvaporative
Heating Fuel
Extras
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