312 Roschelle, Santa Maria, CA 93458, Santa Maria, 93458 - 0 bed, 0 bath
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312 Roschelle
Santa Maria, CA 93458
ACTIVE
CONDITION: FAIR
0Beds
0Baths
3,450Sq Ft
6,970Lot Size
Property Price
LIST PRICE$1,150,000
SUMMARY
Analysis of 312 Roschelle, Santa Maria, CA 93458 is currently available with a list price of $1,150,000. 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
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1963, this 61-year-old quadruplex is functional but dated. While one unit has been recently remodeled, the remaining three units likely feature original or aged kitchens and baths. The presence of older wall heaters and the 'AS-IS' sale condition suggest the property requires minor repairs and modernization to meet current market standards.
PROSSTRENGTHS & OPPORTUNITIES
- Strong Rental Income
The property generates a robust $8,000 monthly rental income, providing a high gross yield and immediate cash flow for potential investors.
- Established Tenancy
A history of long-term occupancy, including a 14-year tenant, indicates high rental demand and stability within the Santa Maria submarket.
- Value-Add Potential
With one unit already remodeled, there is a clear opportunity to increase the property's overall value and market rents by updating the remaining three units.
CONSRISKS & DEFICIENCIES
- As-Is Condition
The property is being sold in its current condition, which may require the buyer to budget for immediate repairs or deferred maintenance costs.
- Aging Infrastructure
Built in 1963, the building may have original systems that require modernization to improve efficiency and reduce long-term operating expenses.
About 312 Roschelle
Excellent 4-Plex Investment Opportunity! Don't miss this great opportunity to own a 4-unit investment property with strong rental demand. Each unit features 2 bedrooms, 1 bathroom, and access to covered carport parking, with parking for 4 vehicles total. The property is generating approximately $8,000 per month in rental income -- nearly $300,000 in gross rental income over three years! One unit has been recently remodeled, and the property has a history of long-term tenancy, including a tenant who occupied Unit C for approximately 14 years. This is a great opportunity for an investor looking for strong income, established rental demand, and long-term investment potential. Priced to sell and being sold AS-IS. Please have proof of funds or loan approval ready when requesting a showing. Call today to schedule your appointment -- opportunities like this don't last!
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1963
- Lot Size
- 6,970 Sq. Ft.
Interior
- Total Bedrooms
- 0
- 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 |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 3,450 | - |
| Lot Size | 6,970 | - |
| Price | $1.15M | $1.50M |
| Price per sq ft | $333 | $329 |
| Built year | 1963 | 0 |
| HOA | $0 | $0 |
| Days on market | 45 | 57 |
Pricing History
Listed for Sale
Jul 26, 2026
$1,150,000
Initial Listing
Sold
May 6, 2009
$355,000
Public Record
Sold
Feb 10, 2005
$700,000
Public Record
Sold
Feb 14, 2002
$265,000
Public Record