127 Agnes Avenue, SANTA MARIA, CA 93458, SANTA MARIA, 93458 - bed, bath
127 Agnes Avenue
SANTA MARIA, CA 93458
Property Price
SUMMARY
Analysis of 127 Agnes Avenue, SANTA MARIA, CA 93458 is currently available with a list price of $3,500,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property, built in 1965, appears to be well-maintained through regular upkeep, featuring updated vinyl windows and clean exterior stucco. However, the description notes 'vintage construction' and there are no interior images provided to suggest recent renovations to kitchens or bathrooms. It fits the criteria for a property over 20 years old that is functional but likely contains outdated components and systems consistent with its age.
PROSSTRENGTHS & OPPORTUNITIES
- Attractive Financing
The property features a 3.77% interest-only assumable agency loan, providing significant positive leverage and immediate cash flow in a high-interest-rate market.
- Diverse Unit Mix
A balanced composition of studios, one-bedroom, and two-bedroom units appeals to a wide range of tenant demographics, reducing vacancy risks.
- Value-Add Amenities
The inclusion of covered carport parking, on-site laundry facilities, and a central courtyard enhances tenant retention and property competitiveness.
CONSRISKS & DEFICIENCIES
- Vintage Construction
Built in 1965, the property may require higher ongoing maintenance costs or capital expenditures for aging systems compared to newer builds.
- Limited Parking Ratio
With only one parking space provided per unit, the property may face challenges attracting multi-car households, particularly for the two-bedroom units.
- Aggressive Price Appreciation
The significant increase from the 2018 sale price of $1.86M to the current $3.5M asking price may necessitate a rigorous audit of current versus market rents to justify the valuation.
About 127 Agnes Avenue
Positive Leverage From Day 1 w/ 3.77% Interest Only Assumable Agency Loan! Agnes Apartments is a 13-unit multifamily community located in Santa Maria, offering a well-positioned residential investment with immediate cash flow. The property features an ideal unit mix consisting of studios, one-bedroom, and two-bedroom units, allow-ing for broad tenant appeal. Units are arranged around a central courtyard with open green space, providing a functional common area for residents. The property includes a shared on-site washer and dryer room and covered carport parking, with one parking space provided per unit. Recent lighting upgrades have improved visibility and safety throughout the parking areas. **Part of a portfolio sale - 511 W Cook Street (11 units) is available under same ownership.**
Property Details
Public Facts
- Property Type
- Residential Income
- Year Built
- 1965
- Lot Size
- 18,731 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 7,950 | - | 67% |
| Lot Size | 18,731 | 9,583.2 | 67% |
| Price | $3.50M | $1.00M | 67% |
| Price per sq ft | $440 | $0 | 67% |
| Built year | 1965 | 1948 | 67% |
| HOA | $0 | $0 | 50% |
| Days on market | 39 | 102 | 33% |
Pricing History
Listed for Sale
Jan 27, 2026
$3,500,000
Initial Listing
Sold
Nov 13, 2018
$1,860,000
Public Record
Sold
Jun 10, 2016
$1,500,000
Public Record
Sold
Nov 25, 2015
$1,500,000
Public Record