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Garrick Yan

garrick@garrickyan.com +1(510) 999-8008

Listed by CJ Hegney • Keller Williams Realty Central Coast

$ 425,000

Est. payment -/mo

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Active Under Contract

311 Lolita #L Santa Maria, CA 93458

2 Beds

2 Baths

1,026 SqFt

UPDATED:

Key Details

Property Type Townhouse

Sub Type Townhouse

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 1,026 sqft

Price per Sqft $414

MLS Listing ID CRPI25233638

Bedrooms 2

Full Baths 1

HOA Fees $150/mo

HOA Y/N Yes

Year Built 1984

Lot Size 10,000 Sqft

Property Sub-Type Townhouse

Source Datashare California Regional

Property Description

RENOVATED AND CASH FLOWING! This upgraded townhome is already generating $3,000/month in rental income, offering solid cash flow from day one. This property delivers immediate returns with minimal overhead and an 8.5% CAP rate. Although the ROI is great, the renovations and move-in-ready condition make it a perfect starter home as well! Inside, you'll find brand-new carpet and flooring, fresh interior paint, and new kitchen & bathroom countertops that elevate the space. The main level features a sunlit living room with a stone fireplace, a half bathroom, and a dining area that opens to a spacious, newly fenced private patio with direct access to the private 2-car carport. Upstairs are two large bedrooms, each with WALK-IN CLOSETS, built-in linen storage, and a shared tub/shower bathroom. This property comes with the WASHER AND DRYER INCLUDED, along with all kitchen appliances, making it ready for its next lucky owner. The kitchen is clean and functional with a new refrigerator, a functional dishwasher, beautiful countertops, and modern touches throughout. Located in a desirable complex with LOW HOA dues, this is a low-maintenance, high-yield asset. Schedule a showing to see your next home or investment!

Location

State CA

County Santa Barbara

Interior

Heating Central

Cooling None

Flooring Laminate, Tile, Carpet

Fireplaces Type Family Room, Gas, Living Room

Fireplace Yes

Window Features Double Pane Windows,Screens

Appliance Dishwasher, Gas Water Heater, ENERGY STAR Qualified Appliances

Laundry Dryer, Laundry Closet, Inside, Upper Level

Exterior

Pool None

Amenities Available Other

View None

Private Pool false

Building

Lot Description Corner Lot, Other, Landscaped, Street Light(s), Storm Drain

Story 2

Foundation Concrete Perimeter

Water Public

Schools

School District Santa Maria Joint Union High

Others

HOA Fee Include Water/Sewer

© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.

Garrick Yan

Team Leader | CA BRE #01916102

+1(510) 999-8008

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