1221 N School Street, Santa Maria, CA 93454 (MLS # 26000922)
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Attention investors and House-Hackers - Rare Santa Maria opportunity featuring a single-family residence plus TWO permitted ADUs on one lot. Situated on an approximately 6,534 sq. ft. lot, this versatile property offers three separate living spaces, including a spacious main residence, an attached 2-bedroom, 1-bath ADU, and a detached 1-bedroom, 1-bath ADU. Imagine collecting $4,000 in rental income every month while living in your own home, or $7,500 per month renting all three units. This property makes that possible today, not someday. The ADUs are currently tenant occupied on month-to-month tenancy, providing immediate income potential, while the main residence is planned to be delivered vacant at the close of escrow. Whether you're an investor seeking cash flow, an owner-occupant looking to offset housing expenses, or a buyer searching for a multi-generational living solution, this property offers flexibility rarely found in today's market - all on one lot and all yours for as little as 6% down. The property has been thoughtfully maintained and features an extended concrete driveway with ample off-street parking, mature landscaping, and established hedges that create a natural privacy buffer from the street. The thoughtful layout and separate living spaces provide a unique sense of privacy and functionality rarely found in multi-unit properties. Conveniently located near Highway 101, shopping, dining, schools, parks, and everyday amenities, this central Santa Maria location provides easy access throughout the Central Coast. Properties with multiple permitted units are rarely available and offer a unique combination of income potential, flexibility, and long-term value. Don't miss this opportunity to own a property that can serve a variety of investment and lifestyle goals. Buyer to independently verify all square footage, unit count, permits, rental income, occupancy status, and intended uses to their satisfaction.
| DAYS ON MARKET | 24 | LAST UPDATED | 5/21/2026 |
|---|---|---|---|
| YEAR BUILT | 1960 | COMMUNITY | 14 - SM Northeast |
| COUNTY | Santa Barbara | STATUS | Active |
| PROPERTY TYPE(S) | Single Family |
| PRICE HISTORY | |
| Prior to May 21, '26 | $1,075,000 |
|---|---|
| May 21, '26 - Today | $999,000 |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 14 - SM Northeast |
| FIREPLACE | Yes |
| HEAT | Forced Air |
| LOT | 6534 sq ft |
| STORIES | 1 |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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