520 & 528 E Newlove DR Drive Santa Maria, CA 93454

Rare INVESTMENT OPPORTUNITY to purchase this 11 unit Multi-Family asset located in Santa Maria. Situated on a ± .83 acre lot, the property's net leasable area is ± 8,606 square feet, with the unit mix consisting of three (3) 1-bed, one-bath units; (6) 2-bed, one-bath units; (1) three-bed, 1-bath unit, and (1) four-bed, two-bath unit. The six buildings date from 1932, 1946, and 1988. The subject property is a flag shaped lot with off street parking. Carports consist of approximately 1,034 square feet. Current rents are below market. Remodel the existing units to maximize the ROI.

This central neighborhood is an older, fully developed area comprised of a mix of average quality, single family housing built on a tract and on a single unit basis. Area is a mix of commercial, multi-family and single family housing. Older neighborhood with good market appeal, convenient to restaurants and services, the extensive Betteravia Road/Broadway retail corridor, and Allan Hancock College. Easy access to Highway 101 and surrounding communities. Separately metered for water, gas and electric. Don't miss out on making this unique multi-family property your next investment opportunity. Buyer to verify all development potential. Note: tax records only show 520 E Newlove. 528 E Newlove was added by prior owners.