311 Lolita Lane #L, Santa Maria, CA 93458 (MLS # 25002044)

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PRICE $425,000 dsIDX morgage calculator
BEDS 2
BATHS 1.5
HOME SIZE 1,026 sqft
LOT SIZE 10,890 sqft
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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!

DAYS ON MARKET 1 LAST UPDATED 10/10/2025
YEAR BUILT 1984 COUNTY Santa Barbara
STATUS Active PROPERTY TYPE(S) Condo/Townhouse/Co-Op


ADDITIONAL DETAILS
AIR Ceiling Fan(s)
AIR CONDITIONING Yes
APPLIANCES Dishwasher, Dryer, Oven, Refrigerator, Washer
CONSTRUCTION Wood Siding
HEAT Forced Air
HOA DUES 150
LOT 0.25 acre(s)
SEWER Public Sewer
STORIES 2
WATER Public
MORTGAGE CALCULATOR
   

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Listed with Keller Williams Realty Central Coast

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