127 Agnes Avenue, SANTA MARIA, CA 93458, SANTA MARIA, 93458 - 0 bed, 0 bath
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SANTA MARIA, CA 93458
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.
Property is moderate renovation needed.
The property, built in 1965, is well-maintained for its age but shows signs of aging infrastructure typical of a 60-year-old building. While the exterior features updated vinyl windows and clean landscaping, the lack of interior photos and the 'Aging Infrastructure' note in the property analysis suggest that kitchens, bathrooms, and major systems are likely functional but dated, requiring occasional updates rather than being fully modernized.
The property features a 3.77% interest-only assumable agency loan, providing significant positive leverage and immediate cash flow that is difficult to replicate in the current high-interest-rate market.
The asset is fully leased, offering an investor immediate revenue and operational stability from day one without the risk or expense of initial lease-up.
With a combination of studios, one-bedroom, and two-bedroom units, the property appeals to a wide demographic of renters, reducing vacancy risk through a diversified tenant base.
Built in 1965, the property may require increased capital reserves for long-term maintenance and potential upgrades to aging mechanical, electrical, or plumbing systems.
The allocation of only one parking space per unit may be a constraint for multi-adult households, particularly for the two-bedroom units, which could impact long-term tenant retention.
Fully leased! 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 1 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 is available under same ownership.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 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 | 85 | 148 | 33% |
Jan 27, 2026
$3,500,000
Initial Listing
Nov 13, 2018
$1,860,000
Public Record
Jun 10, 2016
$1,500,000
Public Record
Nov 25, 2015
$1,500,000
Public Record