1340 E Mcelhany, Santa Maria, CA 93454, Santa Maria, 93454 - 5 bed, 2 bath
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Santa Maria, CA 93454
This Spacious 5-Bedroom Residence is a Prime Investment Opportunity, listed at $635,000—positioned well below the $655,566 Fair Market Value by 3%. This valuation gap offers $20,566 in Instant Equity. Maintaining a Condition Rating of 3, the home features 2024 tile flooring, premium LG/GE appliances, and solar panels for energy efficiency. Lifestyle perks include a 4-person Jacuzzi spa and a prime location directly across from Tunnel Elementary School and near Pioneer High School. This is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors seeking a move-in-ready asset with high-density rental potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1340 E Mcelhany Subject | $635,000* List Price | 5 | 2 | 1,470 | $446 | - |
A 1853 Lauren Ln Sold | $670,000 | 3 | 2 | 1,398 | $479 | 0.8 mi |
B 936 E El Camino Sold | $705,000 | 3 | 2 | 1,591 | $443 | 0.5 mi |
C 602 E Bunny Sold | $650,000 | 4 | 2 | 1,606 | $405 | 0.8 mi |
D 1424 Sagewood Sold | $610,000 | 3 | 2 | 1,319 | $462 | 0.5 mi |
E 1034 Big Pine Sold | $657,500 | 3 | 2 | 1,600 | $411 | 0.4 mi |
F 911 E Evergreen Avenue Pending | $605,000 List Price | 4 | 2 | 1,381 | $438 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in move-in ready condition with significant recent upgrades, including new tile flooring (2024) and a full suite of premium LG/GE kitchen appliances (2021-2022). While the home was built in 1963, major systems are well-maintained with a 2015 roof, 2021 water heater, and 2016 sewer main replacement. It falls short of 'excellent' because some components, such as the electrical panel (2000) and windows (2005), are older than the 5-year threshold for a full renovation.
The property is exceptionally well-maintained with recent updates including 2024 tile flooring, a full suite of premium 2021-2022 LG/GE appliances, and a 2021 water softener and reverse osmosis system.
Equipped with solar panels, double-pane windows, and comprehensive R-19/R-30 insulation in the walls, attic, and garage, this home is designed for significant long-term utility savings.
Ideally situated directly across from Tunnel Elementary School and park, and within five minutes of Pioneer High School and major shopping centers, offering unparalleled convenience for families.
With five bedrooms configured within 1,470 square feet, individual room sizes and common living areas may feel constrained or small for a home with this many sleeping quarters.
The home features only two bathrooms to serve five bedrooms, which may lead to high-traffic bottlenecks and logistical challenges for larger households.
This well-maintained 5 Bedroom single-family home in a desirable neighborhood offers modern comfort, energy efficiency, and thoughtful updates throughout. Step inside to find a bright, inviting interior featuring recently installed tile flooring (2024) in the kitchen, dining room, entry, and hallway. The updated kitchen is equipped with premium appliances, including an LG free-standing gas range with self-clean (2021), LG dishwasher (2022), LG over-the-range microwave (2022), a G.E. side-by-side refrigerator with ice and water dispenser, plus a G.E. front-loading washer and gas dryer (2021). A reverse osmosis drinking water system with a 30-gallon tank and dedicated spigot ensures pure, convenient water, complemented by a recently rebuilt 1.5 cu ft water softener (2021). Energy-efficient features abound: double-pane windows and sliding door (2005), R-19 wall insulation (2004), R-30 attic insulation (2004), R-19 garage insulation with drywall and paint, solar panels, and a 50-gallon water heater (2021). The electrical system includes an updated breaker panel (2000), and LED lighting enhances the 2-car garage with opener (2004). The home boasts durable 25-year asphalt shingles (2015), a replaced sewer main (2016), new water main with 1 PVC, and a 4-person Jacuzzi spa (with covered patio) in excellent condition (2015) for year-round enjoyment. Enjoy low-maintenance turf in the backyard (2016), cement fencing on the east side (recent), and wood/steel fencing elsewhere. Additional highlights include ceiling fans with remotes in every room and garage, shop sink in the garage, ample shelving and built-ins (including garage units, pantry cupboard, closet organizers, and hallway bookshelves), and 4 Ring cameras plus video doorbell. Conveying with the home are all listed appliances, the spa, solar panels, RO system, water softener, shed, adjustable beds, outdoor table, and moremaking this a true move-in-ready opportunity. Centrally located: Across the street is Tunnel elementary school and park, 5 mins from Pioneer High School, about 5 mins from shopping/dining and fwy.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 93% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,470 | 1,475 | 48% |
| Lot Size | 6,098 | 6,098 | 50% |
| Price | $635.0K | $635.0K | 50% |
| Price per sq ft | $432 | $432 | 50% |
| Built year | 1963 | 1963 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 119 | 187 | 10% |
Feb 7, 2026
$635,000
Initial Listing