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    Two-Unit Residence with Attached Studio Title is generated by Realmo AI

    410 E Fesler, Santa Maria, CA 93454

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    For Sale
    $549,900

    Single Family Residence - Santa Maria, CA

    Type:Single Family Residence
    Property size:
    920 SF
    Lot size:
    2,614.00 Acres
    Price / SF:
    $597/SF
    Added:
    Jun 5, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 5 at 6:06 pm

    Property Features for 410 E Fesler

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    Bedrooms
    3
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Laundry
    Parking
    2
    Parking features
    Driveway
    Interior features
    Ceiling Fan(s), Window Features: Blinds
    Exterior features
    Fence, Community Features Included: Curbs, Sidewalks, 2-5 Units/Acre
    Fencing
    Fenced
    Appliances
    Range, Range - Gas, Refrigerator
    Standard status
    Active
    APN
    121201019
    Size
    920 SF
    Lot size
    2,614.00 Acres

    Utilities

    Cooling system
    None (Cooling)

    Building Details

    Year built
    1950
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Wood
    Building materials
    Stucco, Wood Siding
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Kevin Zepeda

    Listing agent Kevin Zepeda License #01371903

    Listing office Res Com Services P.O. Box 13903, San Luis Obispo, CA

    Listing date Jun 5, 2026

    MLS# PI26122632 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Two‑unit home (main house plus attached studio) with private side entrance to the back unit
    • Main home offers 2 bedrooms and 1 full bath; attached studio includes additional bathroom and bedroom space
    • Interior features include ceiling fans and blinds
    • Appliances include a refrigerator, gas range, and range
    • Construction materials are stucco and wood siding with a composition roof
    • Built in 1950; driveway parking and fenced yard

    Overview

    This two-unit residence includes a main home with two bedrooms and a full bathroom, with new features throughout. The attached studio unit at the rear is fully self-contained and accessed through a private side entrance, offering separate living space within the same property. Updates across the home include refreshed kitchens, bathrooms, flooring, and fresh paint, presenting a turnkey setup for an owner-occupant or an income-focused buyer.

    Located at 410 E Fesler in Santa Maria, the property sits in a well-kept neighborhood in Santa Barbara County. With both the main unit and the studio unit positioned on the same lot, the configuration supports day-to-day privacy between occupants while keeping ownership centralized.

    For buyers looking for flexibility, the layout allows you to live in one unit while using the other as a rental. The combination of updated interiors and a private entrance for the studio can simplify tenant setup and day-to-day use. If you are seeking a residential income property or a home with built-in separation, this two-unit structure provides a practical option in Santa Maria.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Santa Maria
    County
    Santa Barbara
    State
    California
    Longitude
    -120.430806
    Latitude
    34.956337

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    FAQs

    What type of property is this?
    Duplex - Two self-contained units offer flexible living arrangements and potential rental income on one property.
    Where is this duplex located?
    The property is located at 410 E Fesler Santa Maria, CA.
    What is the asking price?
    The asking price for this property is $549,900.
    What are key features of this property?
    This property features: Two‑unit home (main house plus attached studio) with private side entrance to the back unit; Main home offers 2 bedrooms and 1 full bath; attached studio includes additional bathroom and bedroom space; Interior features include ceiling fans and blinds
    (805) 431-1166
    We can help!
    Listing Contact
    Kevin Zepeda
    Real Estate License ID: 01371903
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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