Two-Unit Residential
For Sale
$1,250,000
1820 Amy Way, Santa Maria, CA 93454
A main residence and newly completed ADU provide separate living spaces on a cul-de-sac in Santa Maria.
Property Size3,391 SF
Price / SF$368.62
Days on Market9
Property Features for 1820 Amy Way
General Information
Standard status
Active
Size
3,391 SF
Property subtype
Commercial
Units
Unit Mix
1 x 4BR/4BA, 1 x 3BR/1.5BA
Multifamily Units
2
Additional Details
Asking Price
$1,250,000
Amenities
outdoor kitchen
private deck
artificial turf
stainless steel appliances
stackable washer and dryer
Building Details
Year Built
2003
Listing Agency:
Compass
Listed By:
Richard Gonzalez richard.gonzalez@compass.com
(951) 226-5454
Source:
Viewsandiegorealestate
Added: Oct 6
Changed: Oct 11
Last Checked: Oct 12 at 8:09PM
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 Compass
Investment Insights
Based on property information with market context.
This two-unit property pairs a four-bedroom, four-bath main home with a newly completed ADU offering three bedrooms and one-and-a-half baths. The main residence includes distinct living and family rooms, a formal dining room, and a kitchen with stainless steel appliances. All four bedrooms are upstairs, including a primary suite with dual closets, separate tub and shower, and access to a private deck. A junior suite has its own full bathroom, while a stackable washer and dryer serve the upper level.
Fresh interior and exterior paint and updated landscaping are among the recent improvements. The backyard has an outdoor kitchen, and the property sits at the end of a cul-de-sac in Santa Maria.
Fresh interior and exterior paint and updated landscaping are among the recent improvements. The backyard has an outdoor kitchen, and the property sits at the end of a cul-de-sac in Santa Maria.
Key Highlights
- Two residential units: a 4‑bedroom, 4‑bath main home and a 3‑bedroom, 1.5‑bath ADU
- Newly completed ADU
- Main home features separate living and family rooms, plus a formal dining room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,695
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,133,900
$1.1M
Cap Rate 7%
$809,929
$809.9K
Cap Rate 9%
$629,944
$629.9K
Market Conditions
NOI Build-Up for 3,391 SF
Gross rent
$85.5K $25.20/SF
− Vacancy
−$4.5K −$1.32/SF
EGI
$81.0K $23.88/SF
− OpEx
−$24.3K −$7.17/SF
NOI
$56.7K $16.72/SF
Area
Santa Maria, CA
Vacancy
5.22%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,133,900
Cap Rate 7%
$809,929
Cap Rate 9%
$629,944
Alternative Uses
Best Use
Multifamily LT 5
$809.9K
$708.7K – $944.9K
NOI $56,695 @ 7.0% cap · market cap 4.54%
Second Best
Apartment 5plus
$704.0K
$616.0K – $821.3K
NOI $49,279 @ 7.0% cap · market cap 3.94%
Theoretical Best
Office A
$1.15M
$1.00M – $1.34M
NOI $80,212 @ 7.0% cap · market cap 6.42%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
132
Businesses Nearby
Explore this area
Business Placement
Demographics for 93454, CA
40,994
Population
12,413
Households
3.3
Avg Household Size
33
Median Age
18%
College-Educated
74%
High-School Grad
418.3 sq mi
ZIP Area
98
Density / Sq Mi
$84,178
Median Household Income
$34,883
Median Earnings
$1,750
Median Rent
$477,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - A main residence and newly completed ADU provide separate living spaces on a cul-de-sac in Santa Maria.
Where is this duplex located?
The property is located at 1820 Amy Way Santa Maria, CA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Two residential units: a 4‑bedroom, 4‑bath main home and a 3‑bedroom, 1.5‑bath ADU; Newly completed ADU; Main home features separate living and family rooms, plus a formal dining room
