logo
Los Angeles icon
icon Los Angeles icon
img
icon icon
Street View
icon icon
39 Photos
icon
icon icon
360 E Newlove Drive
USD 1,499,000
Property ID: PI23147994
icon
360 E Newlove Drive ,93454
icon Single-family villa
icon 52272 SqFt
icon Built in 1960
icon USD 29/SqFt
icon 0 Bed
icon 0 Full
icon --
icon --
icon
icon
icon
Location Street View
icon
icon Direction
Interior Details
Bedrooms
0
Bathrooms
0
Interior Size
5400
Construction Details
Property Type Single-family villa
Property Condition --
Architectural Style --
New Construction --
Year Built 1960
See more icon
Detailed Introduction Of This Home
Rare investment opportunity in Santa Maria - 360 E. NEWLOVE DR. This centrally located 1.2-acre parcel of R2 Medium Density (R2) zoned land comes with 3 existing single-family homes, one garage conversion studio unit, offering the potential to build between 14-26 apartment units. With minimum lot size requirements, the property can be split into 8 total parcels for even higher overall density. Priced at $1,499,000, this property is a covered land play with the option to bring rents up to market while planning your multifamily development. Currently, 75% leased to 3 tenants on a month-to-month basis, there is tremendous upside in rents, with a market rent potential of $9,600/month. Additionally, there is the opportunity to lease out excess land for additional income. Strategically positioned just one mile from the nearest Highway 101 exit and within walking distance of bus stops, Mcdonald's, and Target, this property boasts a desirable location. Moreover, Santa Maria is experiencing a housing shortage, making this property highly sought after by investors and developers. Don't miss your chance to acquire this prime investment property at 360 E. NEWLOVE DR. in Santa Maria.
Continue Reading >>
Contact Development/Agent
Cissy Tang
TEL: (+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Contact Development/Agent
icon
Cissy Tang
(+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Cissy Tang
(+1)626 9868**** icon
1 of 39
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
Photos (39)
icon
icon
banner
360 E Newlove Drive
USD 1,499,000 0 Beds
icon Copy link
icon WhatsApp
icon Facebook
icon Twitter
icon
Welcome to House.com
Log in or sign up to get the most out of your experience. This will also help increase your chances of response from agents.
Enter a valid email address.
or
Continue with Google
By submitting, I accept House.com’s   Terms of use
icon icon
Verify Your Email
Hello ,we’ ve just sent the code to your email.please check and enter the code here to continue logging in.
Verification code error
Didn’t receive email? Please check your spam folder