Status: ACTIVE
311 Lolita Ln #L
Santa Maria, CA 93458
$425,000
------/mo*
CalculateRENOVATED 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!
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- Bedrooms
- 2
- Baths
- 1.5
- House Size
- 1,026 sqft
- Year Built
- 1984
- Lot Size
- 0.23 ac
Location
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Get StartedInterior Information
- appliances
- Dishwasher
- Dryer
- Gas Oven
- Vented Exhaust Fan
- Exhaust Fan
- Gas Water Heater
- cooling
- Attic Fan
- fireplace
- Gas
- Family Room
- Living Room
- flooring
- Carpet
- heating
- Forced Air
Exterior Information
- fence
- Privacy
- Wood
- patio and porch
- Patio
- roof
- Shingle
Property Information
- accessibility
- Accessible Hallway(s)
- community
- Sidewalks
- hoa fees
- $150.00
- Monthly
- hoa includes
- Sewer
- Maintenance Grounds
- lot
- Corner Lot
- security features
- Carbon Monoxide Detector(s)
- sewer
- Public Sewer
- utilities
- Electricity Available
- Natural Gas Available
- Cable Available
- Electricity Connected
- Natural Gas Connected
- Phone Available
- Sewer Connected
- Water Connected
- water source
- Public
- Listed By CJ Hegney
- cjhegney@gmail.com
- Keller Williams Realty Central Coast
- (805) 773-7777
- troyguy@kw.com
- MLS PI25233638
Monthly Payments Calculator
Estimated Monthly Cost
$2,943
30 year fixed·6.9% interest rate
- Principal & Interest
- $2,239
- Property Taxes
- $354
- Home Insurance
- $200
- HOA Fees
- $150
*All calculations are estimates and provided for informational purposes only. Actual amounts may vary.
