Remodeled Furnished
For Sale
$599,000
1-4-2968 Washington Street, Cuyama, CA 93254
Four side-by-side units include three furnished short-term rentals and one unit undergoing renovation.
Property Size2,160 SF
Lot Size0.56 Acres
Price / SF$277.31
Days on Market8
Property Features for 1-4-2968 Washington Street
General Information
Standard status
Active
Size
2,160 SF
Lot size
0.56 Acres
Property subtype
Residential Income
Zoning
DR-6
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
air-conditioning units
wall furnaces
Starlink high-speed internet
EERO mesh Wi-Fi
Yale smart locks
six-camera Swann security system
Building Details
Tenancy
Multi
Listing Agency:
Douglas Elliman of California, Inc.
(805) 637-0100
Listed By:
Aaron Schulman · License #01830189
(805) 637-0100
Source:
Exprealty
Added: Jul 30
Changed: Aug 3
Last Checked: Aug 3 at 4:31AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Douglas Elliman of California, Inc.
Investment Insights
Based on property information with market context.
This four-unit property includes side-by-side one-bedroom, one-bath residences on approximately 0.56 acre. Public records report 2,160 square feet, while the seller estimates each unit at approximately 540 square feet. Three residences have been extensively updated and are operated as furnished short-term rentals; the fourth is unfinished and under renovation. The completed units are offered with furnishings and equipment subject to written inventory and seller exclusions.
Property improvements include updated insulation, drywall, electrical and plumbing systems, renovated interiors, air-conditioning units, wall furnaces, Starlink internet, EERO mesh Wi-Fi and Yale smart locks. A six-camera Swann security system provides local and cloud backup, while ample parking and additional outdoor space support the property’s rural setting. The property is located along Highway 166 near the Carrizo Plain National Monument, Los Padres National Forest, the Cuyama Badlands, Blue Sky Center, Rancho Trujillo and Cuyama Buckhorn. Available records identify DR-6 zoning.
Property improvements include updated insulation, drywall, electrical and plumbing systems, renovated interiors, air-conditioning units, wall furnaces, Starlink internet, EERO mesh Wi-Fi and Yale smart locks. A six-camera Swann security system provides local and cloud backup, while ample parking and additional outdoor space support the property’s rural setting. The property is located along Highway 166 near the Carrizo Plain National Monument, Los Padres National Forest, the Cuyama Badlands, Blue Sky Center, Rancho Trujillo and Cuyama Buckhorn. Available records identify DR-6 zoning.
Key Highlights
- Four side‑by‑side one‑bedroom, one‑bath units
- Approximately 0.56 acre with 2,160 square feet reported in public records
- Three remodeled units operate as furnished short‑term rentals
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $70.0k | $32.40 |
| − Vacancy | −$2.2k | −$1.01 |
| EGI | $67.8k | $31.39 |
| − OpEx | −$20.3k | −$9.42 |
| NOI | $47.5k | $21.97 |
2,160 SF · lease $32.40/SF/yr · vacancy 3.13% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$677.9K
$593.2K – $790.9K
NOI $47,455 @ 7.0% cap · market cap 7.92%
Second Best
Apartment 5plus
$610.5K
$534.2K – $712.3K
NOI $42,735 @ 7.0% cap · market cap 7.13%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
12
Businesses Nearby
Explore this area
Business Placement
Demographics for 93254, CA
780
Population
462
Households
1.7
Avg Household Size
39
Median Age
31%
College-Educated
83%
High-School Grad
200.9 sq mi
ZIP Area
4
Density / Sq Mi
$53,603
Median Household Income
$43,833
Median Earnings
$216,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four side-by-side units include three furnished short-term rentals and one unit undergoing renovation.
Where is this quadplex located?
The property is located at 1-4-2968 Washington Street Cuyama, CA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Four side‑by‑side one‑bedroom, one‑bath units; Approximately 0.56 acre with 2,160 square feet reported in public records; Three remodeled units operate as furnished short‑term rentals
