Santa Maria Multifamily Rehab
For Sale
$1,198,000
1015 Russell, Santa Maria, CA 93458
15-unit apartment building in Santa Maria, CA. Rehab potential.
Property Size12,300 SF
Price / SF$97.40
Days on Market283
Property Features for 1015 Russell
General Information
Standard status
Active
Size
12,300 SF
Property subtype
Multifamily
Building Details
Building Size
12,300 SF
Listing Agency:
(805) 801-0176
Listed By:
Kevin King BRE#01932713 · License #CalDRE #01932713
(805) 801-0176
Source:
Svn
Added: Nov 21, 2025
Changed: Aug 8
Last Checked: Aug 31 at 2:48PM
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 Kevin King BRE#01932713
Investment Insights
Based on property information with market context.
This 15-unit apartment building presents a rehabilitation opportunity for investors. The property features a mix of unit types, including a 2-bedroom owner's unit and fourteen 1-bedroom units. The location is on South Russell Avenue & West Las Flores Way in Santa Maria. The property also includes carports and a courtyard. The building's total size is 12,300 square feet. The property is positioned as a rehabilitation project with upside potential.
Key Highlights
- Opportunity to build instant equity through a rehab project.
- Projected 7.2% return on investment after rehabilitation and stabilization.
- Estimated net operating income of $104,910 upon stabilization.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
425
Businesses Nearby
Explore this area
Business Placement
Demographics for 93458, CA
59,927
Population
14,433
Households
4.2
Avg Household Size
28
Median Age
9%
College-Educated
50%
High-School Grad
28.4 sq mi
ZIP Area
2,110
Density / Sq Mi
$73,518
Median Household Income
$30,278
Median Earnings
$1,825
Median Rent
$460,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - 15-unit apartment building in Santa Maria, CA. Rehab potential.
Where is this apartment building located?
The property is located at 1015 Russell Santa Maria, CA.
What is the asking price?
The asking price for this property is $1,198,000.
What are key features of this property?
This property features: Opportunity to build instant equity through a rehab project.; Projected 7.2% return on investment after rehabilitation and stabilization.; Estimated net operating income of $104,910 upon stabilization.
