806 E Main, Santa Maria, CA 93454, Santa Maria, 93454 - 6 bed, 4 bath
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Santa Maria, CA 93454
This Residential Income Quadruplex presents a Strong Value Opportunity with a List Price of $1,200,000—positioned well below the $1,283,346 Fair Market Value by 6%. This valuation gap provides $83,346 in Instant Equity for an incoming owner. Currently in Fair Condition, the asset features four occupied units on month-to-month leases, ensuring immediate cash flow and rental upside. The substantial 13,504 sqft lot offers significant potential for ADU expansion or capital improvements. This stabilized asset is ideal for Buy-and-Hold Investors or Value-Add Specialists.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 806 E Main Subject | $1,200,000* List Price | 6 | 4 | 4,000 | $321 | - |
A 422 E Hermosa Street Sold | $1,300,000 | 0 | 0 | 3,915 | $332 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1953, this 4-unit property is in functional but dated condition. The kitchens feature older white cabinetry, laminate countertops, and basic white appliances that show their age. Interior finishes include older tile flooring and worn carpeting in the bedrooms. While the property is currently occupied and generating income, the overall aesthetic and fixtures are outdated, and the exterior shows signs of minor deferred maintenance, aligning with the 'fair' criteria for properties over 20 years old requiring updates.
The property is fully occupied with four units, providing a stabilized income stream for investors from the first day of ownership.
With all tenants currently on month-to-month leases, the new owner has the flexibility to adjust rents to market rates or initiate value-add renovations without long-term lease constraints.
The property sits on a generous 13,504 sqft lot, offering significant space for potential future improvements, ADU additions, or enhanced tenant amenities.
Built in 1953, the property likely requires ongoing maintenance and capital expenditures to update older systems and maintain modern safety standards.
The listing requires the buyer to verify all unit configurations, zoning, and financial records, suggesting that historical documentation or permit compliance may need thorough investigation.
4-unit property offering strong income potential & flexibility for investors. The unit mix consists of (2) 2-bedroom, 1-bath units and (2) 1-bedroom, 1-bath units. All units are currently occupied on month-to-month leases, providing immediate cash flow with the opportunity for future rent adjustments. The property presents a desirable layout for a range of tenants and offers potential for value-add improvements. Ideal for investors seeking to expand their portfolio with a stabilized asset that allows for operational upside. Buyer to verify all information, including unit configuration, rental income, expenses, and zoning, to their satisfaction.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 0.0 | 67% |
| Baths | 4.0 | 0.0 | 67% |
| Square foot | 4,000 | 4,558 | 33% |
| Lot Size | 13,504 | 7,405 | 67% |
| Price | $1.20M | $1.42M | 33% |
| Price per sq ft | $300 | $306 | 33% |
| Built year | 1953 | 1953 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 61 | 121 | 33% |
Apr 6, 2026
$1,200,000
Initial Listing
Jun 8, 2001
$232,000
Public Record