614 W Orange Street, SANTA MARIA, CA 93458, SANTA MARIA, 93458 - bed, bath
614 W Orange Street
SANTA MARIA, CA 93458
Property Price
SUMMARY
Analysis of 614 W Orange Street, SANTA MARIA, CA 93458 is currently available with a list price of $975,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1908, this property is over a century old. While new roofs were installed in 2023, the listing explicitly states an 'as-is' sale and highlights the need for a 'prudent buyer to increase rents and upgrade the property.' The exterior images show a very dated appearance with signs of wear. Crucially, there are no interior images, but given the age and the absence of any mentioned interior renovations, it is highly probable that the kitchens and bathrooms are severely outdated, lack modern features, and require substantial rehabilitation. Major systems like plumbing, electrical, and potential HVAC are likely original or very old, necessitating significant investment to meet current standards and tenant expectations.
PROSSTRENGTHS & OPPORTUNITIES
- Multiple Income Streams
The property features four separate cottages (3 1Bed/1Bath, 1 studio), providing diversified rental income and a stable investment foundation.
- Significant Rent Upside
The listing explicitly states 'Over 30% upside in rents,' indicating substantial potential for increased cash flow and return on investment for a new owner.
- Recent Major Capital Improvement
New roofs installed in 2023 address a significant maintenance item, reducing immediate capital expenditure concerns for the buyer.
CONSRISKS & DEFICIENCIES
- Advanced Age of Property
Built in 1908, the property is very old, suggesting potential for significant deferred maintenance and outdated core systems (e.g., plumbing, electrical) beyond the recently replaced roofs.
- As-Is Sale Condition
The property is sold 'as-is,' implying the seller will not make repairs, which likely requires immediate capital investment from the buyer for necessary upgrades or repairs to maximize its potential.
- Requires Active Management & Investment
Achieving the stated rent upside and increasing property value necessitates a 'prudent buyer' willing to actively upgrade and manage the property, which may not appeal to all investors seeking passive income.
About 614 W Orange Street
Four separate cottages in an established residential area of Santa Maria. Unit mix includes 3 1Bed/1Bath apartments and 1 studio, each with separate electric and gas meters. New roofs in 2023. On a good-sized lot with alley access. Over 30% upside in rents. Buyer to check with the city about potential of adding ADU at back of property. This is a solid, bread-and-butter income property as-is and offers upside potential for the prudent buyer to increase rents and upgrade the property to increase the value of this asset.
Property Details
Public Facts
- Property Type
- Residential Income
- Year Built
- 1908
- Lot Size
- 7,405 Sq. Ft.
Interior
- Total Bedrooms
- -
- 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | - | - | 50% |
| Lot Size | 7,405 | 7,405 | 50% |
| Price | $975.0K | $975.0K | 50% |
| Price per sq ft | $0 | $0 | 50% |
| Built year | 1908 | 1908 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 558 | 156 | 0% |
Pricing History
Listed for Sale
Aug 26, 2024
$975,000
Initial Listing