
Cuyama, CA 93254
This four-unit income property represents a High-Potential Investment Opportunity, listed at a List Price of $599,000—positioned well below the $629,270 Fair Market Value by 4%. This valuation gap offers $30,270 in Instant Equity. With a Condition Rating of 2, the property features three turnkey, remodeled units with modern infrastructure and Starlink high-speed internet. The fourth unit provides a value-add renovation project. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a scenic, income-generating asset in the Cuyama Valley.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2968 Washington Street 1-4 Subject | $599,000* List Price | 0 | 0 | 2,160 | $291 | - |
A 2968 Washington Street Active | $699,900 List Price | 0 | 0 | 2,160 | $324 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1949, three of the four units have undergone extensive recent renovations (likely within the last 1-3 years) featuring modern interiors, updated flooring, and contemporary bathrooms with subway tile. The property features significant system upgrades including new electrical, plumbing, insulation, and HVAC units, meeting the criteria for mint condition with no immediate maintenance required for the completed units.
Three of the four units are fully remodeled, furnished, and currently operating as successful Airbnb rentals with a 4.88-star rating, providing immediate cash flow for an investor.
The property features significant recent improvements including updated electrical and plumbing, new insulation, Starlink high-speed internet, and a comprehensive six-camera security system.
Situated on over half an acre, the property offers expansive mountain and sunset views near major natural landmarks like Carrizo Plain, appealing to the growing outdoor recreation and dark-sky tourism market.
The fourth unit remains under renovation, requiring the buyer to invest additional time and capital to complete the project before the property can reach its full income potential.
Located in the rural Cuyama Valley, the property's distance from major urban centers may present challenges regarding property management, maintenance services, and a consistent long-term tenant pool.
Rare four-unit income property in the Cuyama Valley, situated on approximately 0.56 acre with expansive mountain, moonrise and sunset views. The property consists of four side-by-side, one-bedroom/one-bath units. Public records report 2,160 square feet; seller estimates each unit at approximately 540 square feet. Three units have been extensively remodeled and are currently operated as furnished short-term rentals. The fourth unit is under renovation, offering an opportunity to complete it for additional income, owner use, workforce housing or long-term tenancy. The furnished rentals currently maintain a combined 4.88-star Airbnb rating. The three completed units are offered furnished and equipped, subject to a written inventory and seller exclusions, reducing a buyer's... initial furnishing and setup needs. Improvements include new insulation and drywall, electrical and plumbing upgrades, renovated interiors, air-conditioning units, wall furnaces, Starlink high-speed internet, EERO mesh Wi-Fi and Yale smart locks. The property also features a six-camera Swann security system with local and cloud backup, ample parking and additional outdoor space. Located along Highway 166 near the Carrizo Plain National Monument, Los Padres National Forest, the Cuyama Badlands, Blue Sky Center, Rancho Trujillo and Cuyama Buckhorn. The surrounding valley offers rich Chumash history, regional off-road recreation, hiking, horseback riding, seasonal wildflowers, wildlife viewing and exceptional dark-sky stargazing. An unusual opportunity for an investor, 1031-exchange buyer, owner-occupant or operator seeking multiple furnished units in a scenic rural setting. Property is zoned DR-6 according to available records. Buyer to independently verify square footage, unit configuration, zoning, permitted uses, short-term-rental eligibility, development potential and all other property information.
No exterior & parking available.
No sensitive facilities data found.
Jul 30, 2026
$599,000
Initial Listing
Aug 12, 2022
$225,000
Public Record
Nov 8, 2013
$140,000
Public Record
Sep 13, 2005
$265,000
Public Record