
Santa Maria, CA 93454
Analysis of 630 E Cook, Santa Maria, CA 93454 is currently available with a list price of $789,500. 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.
Property is moderate renovation needed.
The property consists of a 1920 original structure and a 1983 rear unit. While the roof is recently replaced (3 years) and systems like plumbing and electric have been updated, the kitchens and bathrooms are dated with older oak cabinetry and white appliances. The interiors are functional and well-maintained for rental use but are over 20 years old and require cosmetic modernization.
The property features an impressive estimated 7% cap rate with reliable tenants already in place, offering a turnkey opportunity for immediate cash flow.
Recent upgrades including a three-year-old roof, updated plumbing and electrical systems, and newer windows in Unit B significantly reduce near-term maintenance costs.
Both units offer high rental appeal with private fenced yards, individual indoor laundry facilities, separate utility meters, and a rare triple-car garage.
The front home dates back to 1920, which may necessitate more frequent structural oversight and maintenance compared to modern multi-family builds.
The 'Mixed Use' sub-type classification may limit traditional residential financing options, potentially requiring buyers to seek specialized or commercial lending products.
Outstanding Income-Producing Duplex with Approximately a 7% Cap Rate! Here's your opportunity to own a well-maintained investment property in the heart of Santa Maria. Situated on a spacious 8,700+ square foot corner lot at E. Cook Street and East Avenue, this duplex offers two separate 2-bedroom, 1-bathroom homes, each with its own unique character and strong rental appeal. The charming front home, built in 1920, offers a private fenced backyard, while the rear home, built in 1983, sits above a triple-car garage and includes additional fenced parking. Both units are separately metered, allowing tenants to pay their own utilities, while the owner enjoys the simplicity of paying only for lawn service. Recent improvements provide added value and peace of mind, including a roof that is approximately three years old, new plumbing and electrical updates, and newer windows in Unit B. Each residence also includes its own indoor laundry area with washer and dryer, making these homes highly desirable for long-term tenants. Best of all, excellent tenants are already in place, creating an attractive turnkey investment with an estimated 7% cap rate. Conveniently located near shopping, restaurants, schools, parks, medical facilities, and Highway 101, this property offers easy access to everything Santa Maria has to offer. The Central Coast's renowned wineries, beautiful beaches, and outdoor recreation are all just a short drive away, making this a location desirable.
No exterior & parking available.
No sensitive facilities data found.
Jul 7, 2026
$789,500
Initial Listing
Aug 16, 1999
$157,000
Public Record