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1215 Mira Flores, Santa Maria, CA 93455, Santa Maria, 93455 - 7 bed, 4 bath

1215 Mira Flores, Santa Maria, CA 93455 home-pic-0
ACTIVE$1,299,999$2,429/sqft
1215 Mira Flores, Santa Maria, CA 93455
7Beds
4Baths
2,429Sqft
7,405Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Income-Generating Triplex with New ADUs: The property is a turnkey triplex featuring a remodeled main home and two brand-new, fully permitted ADUs, offering immediate cash flow and significant income potential.
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 2429, other record living area = 1288. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 7, other record bedroom count = 4.

Compared to the nearby listings

Price:$1.30M vs avg $455.0K (+$844,999)94%
Size:2,429 sqft vs avg 1,137 sqft88%
Price/sqft:$535 vs avg $39394%

More Insights

Built in 1962 (64 years old).
Condition: This property features two brand-new ADUs with sleek, contemporary finishes, including quartz counters, tile floors, new appliances, recessed lighting, and mini-split AC/heat systems. The main residence also boasts a remodeled kitchen and new wood-like vinyl flooring. While the original structure was built in 1962, the extensive recent construction and remodeling across all units mean that all components are new or virtually new, meeting current quality standards with no deferred maintenance, qualifying it as excellent.
Year Built
1962
Close
-
List price
$1.3M
Original List price
-
Price/Sqft
$535
HOA
$0
Days on market
-
Sold On
-
MLS number
PI25258948
Home ConditionExcellent
Features
Patio
View-

About this home

Turnkey Triplex in the Heart of Orcutt! Welcome to 1215 Mira Flores Drive, an exceptional opportunity to own a remodeled main home with two brand-new ADUsperfect for multi-generational living or expanding your investment portfolio. The main residence is 1288 sqft and features a remodeled kitchen, wall to wall wood like vinyl flooring, 4 bedrooms and 2 bathrooms. Attached is a newly constructed 396 sq. ft. 1-bedroom, 1-bathroom ADU, offering private access and sleek, contemporary finishes including quartz counters, tile floors, mini-split (a/c & Heat), laundry ideal for guests or rental income. The detached 745 sq. ft. ADU includes 2 bedrooms and 1 bathroom, with private entrance, tile floors, quartz counters, min-split and laundry closet providing even more versatility and earning potential. Why struggle with permits, contractors, and planning departments when the hard work has already been done? This turnkey triplex is ready to generate immediate cash flow from day one. Centrally located near top-rated Orcutt schools, shopping, dining, and quick 101 access, this property combines convenience, quality, and income potential in one rare package. Don't miss your chance to own one of Orcutt's newest and most flexible investment properties!

C
Charlotte Pettit
Listing Agent

Price History

Date
Event
Price
06/24/24
Sold
$612,500
Condition Rating
Excellent
This property features two brand-new ADUs with sleek, contemporary finishes, including quartz counters, tile floors, new appliances, recessed lighting, and mini-split AC/heat systems. The main residence also boasts a remodeled kitchen and new wood-like vinyl flooring. While the original structure was built in 1962, the extensive recent construction and remodeling across all units mean that all components are new or virtually new, meeting current quality standards with no deferred maintenance, qualifying it as excellent.
Pros & Cons

Pros

Income-Generating Triplex with New ADUs: The property is a turnkey triplex featuring a remodeled main home and two brand-new, fully permitted ADUs, offering immediate cash flow and significant income potential.
Turnkey & Fully Permitted: All the hard work of permitting, construction, and renovation has been completed, making it ready for immediate occupancy or rental without further hassle for the buyer.
Remodeled Main Residence: The primary 4-bedroom, 2-bathroom residence boasts a remodeled kitchen and new wood-like vinyl flooring, providing updated and appealing living spaces.
Versatile Living Options: The configuration with two ADUs is ideal for multi-generational living, house hacking, or maximizing rental income, catering to diverse buyer needs.
Desirable Orcutt Location: Centrally located near top-rated Orcutt schools, shopping, dining, and offering quick access to Highway 101, enhancing its appeal to both residents and tenants.

Cons

MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 2429, other record living area = 1288. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 7, other record bedroom count = 4.
Age of Main Structure: While remodeled, the main residence was built in 1962, which may imply older underlying infrastructure (e.g., plumbing, electrical) that might not have been fully updated.
Conflicting Property Type/Sub-type: Described as a 'Triplex' but listed with a 'Condominium' sub-type, which could lead to confusion regarding legal ownership structure, financing, and potential future HOA implications.
Rapid Price Appreciation: The property's current list price represents a significant increase from its last sale in June 2024, which, while justified by the ADU additions, might be perceived as a high entry point for some investors.
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