REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 3,200,000
Est. payment | /mo
6,949 SqFt
$ 3,200,000
Est. payment | /mo
6,949 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 6,949 sqft
Price per Sqft $460
MLS Listing ID 26-283
Year Built 1976
Lot Size 0.410 Acres
Acres 0.41
Lot Dimensions 17860.0
Source Santa Barbara Multiple Listing Service
Property Description
Positive Leverage From Day 1 w/ 3.77% Interest Only Assumable Agency Loan! The Lofts at 511 Cook Street is a distinctive 11 unit multifamily property in the heart of Santa Maria, featuring all 1 bedroom, 1 bathroom apartments, including three loft- or townhouse-style units that offer unique architectural character and a modern, upscale feel. The building spans 6,946 square feet and includes ample off-street parking, and an on-site laundry facility. Detached garages provide an easy value-add opportunity for a new owner, with potential for ADU conversion.
Centrally located just minutes from downtown Santa Maria, residents enjoy convenient access to shops, restaurants, and local amenities. With its blend of standard and loft-style units, this property offers a compelling mix of functionality and style, making it appealing to young professionals, singles, and small households. It represents an outstanding opportunity for investors seeking a turnkey multifamily asset with both income stability and long-term growth potential. **Part of a portfolio sale, can be sold together or separate. 127 Agnes (13 units) is also available**
Centrally located just minutes from downtown Santa Maria, residents enjoy convenient access to shops, restaurants, and local amenities. With its blend of standard and loft-style units, this property offers a compelling mix of functionality and style, making it appealing to young professionals, singles, and small households. It represents an outstanding opportunity for investors seeking a turnkey multifamily asset with both income stability and long-term growth potential. **Part of a portfolio sale, can be sold together or separate. 127 Agnes (13 units) is also available**
Location
State CA
County Santa Barbara
Interior
Laundry Laundry Room
Exterior
Garage Spaces 5.0
Total Parking Spaces 5
Building
New Construction No
Others
Tax ID 123-076-008
Acceptable Financing Cash, Ctnl
Listing Terms Cash, Ctnl
Listed by Radius Group Commercial R.E.