311 Lolita Ln #L, Santa Maria, CA 93458 (MLS # PI25233638)

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PRICE $425,000 dsIDX morgage calculator
BEDS 2
BATHS 1.5
HOME SIZE 1,026 sqft
LOT SIZE 10,002 sqft

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 10 LAST UPDATED 10/9/2025
YEAR BUILT 1984 COMMUNITY SMIA - Santa Maria
COUNTY Santa Barbara STATUS Active
PROPERTY TYPE(S) Condo/Townhouse/Co-Op


ADDITIONAL DETAILS
AIR Attic Fan, None
AMENITIES Sewer
APPLIANCES Dishwasher, Dryer, ENERGY STAR Qualified Appliances, ENERGY STAR Qualified Water Heater, Exhaust Fan, Gas Oven, Gas Water Heater, Vented Exhaust Fan, Warming Drawer, Water Heater
AREA SMIA - Santa Maria
FIREPLACE Yes
HEAT Central
HOA DUES 150|Monthly
INTERIOR Eat-in Kitchen, Entrance Foyer, Open Floorplan, Pantry, Walk-In Closet(s)
LOT 10001 sq ft
LOT DESCRIPTION Corner Lot, Corners Marked, Front Yard, Landscaped, Near Public Transit
PARKING Concrete, Carport, Detached Carport, Driveway, On Site, Private
POOL DESCRIPTION None
SEWER Public Sewer
STORIES 2
UTILITIES Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
VIEW DESCRIPTION None
WATER Public
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listed with Keller Williams Realty Central Coast

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