1029 Big Pine Drive, Santa Maria, CA 93454, Santa Maria, 93454 - 0 bed, 0 bath
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1029 Big Pine Drive
Santa Maria, CA 93454
ACTIVE
CONDITION: GOOD
0Beds
0Baths
2,146Sq Ft
6,970Lot Size
Property Price
LIST PRICE$1,075,000
SUMMARY
Analysis of 1029 Big Pine Drive, Santa Maria, CA 93454 is currently available with a list price of $1,075,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Santa Maria Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While the main structure dates to 1978, the property is a triplex where two of the three units (Jr. ADU and Attached ADU) were newly constructed in 2023, meeting 'Excellent' criteria for those portions. The main house is well-maintained, fully functional, and rented, though it likely requires some cosmetic updates to match the 2023 additions.
PROSSTRENGTHS & OPPORTUNITIES
- Immediate Rental Income
The property is a fully occupied triplex with reliable month-to-month tenants in place, providing immediate cash flow and investment stability from day one.
- Modern ADU Additions
With two units (Jr. ADU and Attached ADU) newly constructed in 2023, the property benefits from modern building standards and significantly reduced near-term maintenance requirements.
- Strategic Location
Conveniently located near the 101 Freeway, medical centers, and within walking distance to Tunnell Elementary, the property is positioned in a high-demand area for renters.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2146, other record living area = 1065.
- Significant Price Appreciation
The current list price of $1.075M is a substantial increase from the 2022 sale price of $525,000, which may challenge the capitalization rate expectations for some investors.
- High-Density Lot Usage
Housing three separate units on a 6,970 sqft lot creates high density, which can lead to increased wear on shared areas and potential parking congestion despite the large driveway.
About 1029 Big Pine Drive
Attn: Investors - Income producing property with 3 units : Lovely Main house has 3 bedrooms with 2 baths - nice living room with vaulted ceiling & hanging fan/light, dining area, kitchen & large backyard with separate laundry area & hookups. There is also a Large shed included. Jr. ADU has 1 bedroom with 1 bath, kitchen & living area, outside storage area is available. Attached ADU has 2 bedrooms with 1 bathroom, kitchen, dining & living area, with a backyard. Each unit is fully rented & has reliable tenants that are on a month-to-month basis. Plenty of parking in large driveway & in front of the house. Conveniently located close to Shopping, Restaurants, Schools, Parks, Medical Centers & the 101 Freeway. Jr. ADU & Attached ADU were built 2023.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1978
- Lot Size
- 6,970 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Santa Maria Unified Schools
Tunnell (Martin Luther) Elementary School
Grades K-6 • 0.3 mi
5/10
Jimenez, Roberto And Dr. Francisco Elementary School
Grades K-6 • 3.3 mi
4/10
Kunst (Tommie) Junior High School
Grades 7-8 • 2.1 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 2,146 | - |
| Lot Size | 6,970 | - |
| Price | $1.07M | $1.50M |
| Price per sq ft | $501 | $329 |
| Built year | 1978 | 0 |
| HOA | $0 | $0 |
| Days on market | 29 | 57 |
Pricing History
Listed for Sale
Aug 11, 2026
$1,075,000
Initial Listing
Sold
May 3, 2022
$525,000
Public Record
Sold
May 24, 2019
$350,000
Public Record