311 Lolita #L

  • $425,000
Santa Maria, California

Overview

  • Residential
  • Property Type
  • 2
  • Bedrooms
  • 2
  • Bathrooms
  • 0
  • Garage
  • 1026
  • Sqft
  • 434697
  • Property ID

Description

RENOVATED AND CASH FLOWING! This upgraded townhome is already generating $3,000/month in rental income, offering solid cash flow from day one. This property delivers immediate returns with minimal overhead and an 8.5% CAP rate. Although the ROI is great, the renovations and move-in-ready condition make it a perfect starter home as well! Inside, you’ll find brand-new carpet and flooring, fresh interior paint, and new kitchen & bathroom countertops that elevate the space. The main level features a sunlit living room with a stone fireplace, a half bathroom, and a dining area that opens to a spacious, newly fenced private patio with direct access to the private 2-car carport. Upstairs are two large bedrooms, each with WALK-IN CLOSETS, built-in linen storage, and a shared tub/shower bathroom. This property comes with the WASHER AND DRYER INCLUDED, along with all kitchen appliances, making it ready for its next lucky owner. The kitchen is clean and functional with a new refrigerator, a functional dishwasher, beautiful countertops, and modern touches throughout. Located in a desirable complex with LOW HOA dues, this is a low-maintenance, high-yield asset. Schedule a showing to see your next home or investment!

Details

Updated on October 10, 2025 at 8:13 am
Listed by CJ Hegney, Keller Williams Realty Central Coast
  • Property ID: 434697
  • Price: $425,000
  • Property Size: 1026 Sqft
  • Land Area: 10000 Square Feet
  • Bedrooms: 2
  • Bathrooms: 2
  • Garage: 0
  • Year Built: 1984
  • Property Type: Residential
  • Property Status: Active

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