509 W Bunny, Santa Maria, CA 93458, Santa Maria, 93458 - 5 bed, 3 bath
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509 W Bunny
Santa Maria, CA 93458
ACTIVE
CONDITION: EXCELLENT
5Beds
3Baths
1,292Sq Ft
6,534Lot Size
Property Price
LIST PRICE$1,050,000
SUMMARY
Rare turnkey investment opportunity! This exceptional property features a beautifully remodeled 3-bedroom, 1-bath single-family home with a new roof, all completed in 2023. Also completed in 2023 are two newly constructed 2-bedroom, 1-bath ADUs and one detached studio, offering outstanding income-producing potential. All units are currently tenant-occupied, providing immediate rental income from day one. Whether youre an investor looking to expand your portfolio or a buyer seeking to offset your mortgage with rental income, this property offers incredible flexibility and value. Conveniently located near schools, shopping, restaurants, parks, and major commuter routes. Dont miss this rare opportunity to own a move-in-ready single-family home with multiple ADUs in the heart of Santa Maria!
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
The property features a main home fully remodeled in 2023 along with newly constructed ADUs, placing it well within the <5-year renovation criteria. The kitchen and bathrooms show modern updates including white shaker cabinets and newer tile flooring, and systems like the roof and tankless water heaters are recently updated and in turnkey condition.
PROSSTRENGTHS & OPPORTUNITIES
- Multi-Unit Income Potential
The property features a rare four-unit configuration including a remodeled main house, two new ADUs, and a detached studio, maximizing rental yield on a single parcel.
- Turnkey Condition
With the main home remodeled and all ADUs newly constructed in 2023, the property offers modern finishes and a new roof, significantly reducing near-term maintenance costs.
- Immediate Cash Flow
All units are currently tenant-occupied, providing investors with immediate rental income and eliminating the initial vacancy risk typically associated with new acquisitions.
CONSRISKS & DEFICIENCIES
- High Lot Density
Fitting four residential units onto a 6,534 square foot lot results in limited private outdoor space and may create parking congestion for the tenants.
- Aggressive Price Appreciation
The list price represents a significant jump from the 2022 sale price of $440,000, which may challenge the appraisal or tighten the capitalization rate for some investors.
About 509 W Bunny
Property Details
Public Facts
- Property Type
- Residential Income
- Year Built
- 0
- Lot Size
- 6,534 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 3 (3 Full, 0 Half)
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 | 5.0 | 4.5 |
| Baths | 3.0 | 3.5 |
| Square foot | 1,292 | 2,284 |
| Lot Size | 6,534 | 4,792 |
| Price | $1.05M | $800.0K |
| Price per sq ft | $813 | $328 |
| Built year | 0 | 1953 |
| HOA | $0 | $269 |
| Days on market | 28 | 99 |
Pricing History
Listed for Sale
Sep 26, 2026
$1,050,000
Initial Listing
Sold
Sep 22, 2022
$440,000
Public Record
Sold
Sep 29, 2016
$259,000
Public Record