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115 S Bradley Road

Santa Maria, CA 93454
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Bed 6

Bed

Bath 3

Bath

SqFt26,136

Sqft(Lot)

To be sold in conjunction with 123 S Bradley Road, Santa Maria (APN 125-053-007)115-123 S. Bradley Road presents a compelling value-add multifamily investment opportunity in Santa Maria, offering an attractive combination of in-place cash flow, significant rental upside, potential ADU development, and a highly accessible location. Built in 1964, this 13-unit property features a highly marketable and diversified unit mix consisting of six (6) one-bedroom/one-bathroom units, five (5) two-bedroom/one-bathroom units, and two (2) three-bedroom/one-bathroom units.The property also offers potential additional-density upside through ADU development. Pursuant to California Senate Bill (SB) 1211, multifamily property owners may be eligible to develop ADUs at a ratio of up to one ADU per existing uni t, subject to applicable limitations, including a maximum of eight (8) ADUs and compliance with density, zoning, and building requirements. Two prominent areas of this property near the property's S. Bradley Road frontage appear to offer potential locations to build out, at least, some additional ADU units.115-123 S. Bradley Road combines an attractive acquisition basis with multiple identifiable value-creation drivers. The combination of below-market rents, potential additional density, recent capital improvements, commuter-oriented location, diversified unit mix, and limited multifamily inventory positions the property as an attractive opportunity for an investor seeking both current income and meaningful upside through active asset management.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $3,325,000

AD Id : 91288957

MLS Id : V1-38773

Beds : 6

Lot Size : 26,136 Sq. Ft

Year Built : 1964

Garage : 2

County : Santa Barbara

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Feature Features

  • Interior Features

    Appliances: GasOven, Refrigerator
    Laundry Features: None
  • Heating & Cooling

    Heating: None Cooling: None

  • Building Information

    Year Built: 1964
    Building Area Total: 7012
    Pool Features: None
    Private Pool: No
    View: None

  • Lot Information

    Main Square Feet: 26136 Lot Size Acres: 0.6 Lot Size Source: PublicRecords Lot Size Square Feet: 26,136 Lot Description: SprinklersNone

    Property Information

    Subdivision: Not Applicable Source Property Type: ResidentialIncome Property Age: 62

  • Listing Price Information

    Listing Price: $3325000
    Cash, CashToNewLoan

  • Tax Information

    Parcel Number: 125053006

  • Parking Information

    Parking Total: 25 Carport

    Garage Information

    Has Garage: Yes Garage Space: 2

  • Location Information

    Direction: Located between E. Main Street and E. Cypress Street
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Nearby Home Value

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8680 Alamo Creek, Santa Maria, CA, 93454 $2,950,000 6 7 5,805 10,915,700 Sq. Ft
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6870 Long Canyon Road, Santa Maria, CA, 93454 $1,199,000 3 2 1,700 436,471 Sq. Ft
7840 Cougar Ridge, Santa Maria, CA, 93454 $915,000 2 2 2,149 1,742,400 Sq. Ft
9875 Suey Creek, Santa Maria, CA, 93454 $1,750,000 8 6 3,884 5,227,200 Sq. Ft
9339 Temettate Drive, Santa Maria, CA, 93454 $547,000 2 1 792 1,742,400 Sq. Ft
1400 Via Hielo, Santa Maria, CA, 93454 $220,000 2 2 1,488 --
1206 Via Felice, Santa Maria, CA, 93454 $165,000 3 2 1,152 --
1201 Via Felice, Santa Maria, CA, 93454 $130,000 2 2 1,488 565 Sq. Ft
1202 Via Estio, Santa Maria, CA, 93454 $108,000 2 1 1,440 565 Sq. Ft

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 09/17/2026 @ 06:56

MLS: V1-38773 LISTED BY: Craig Lieberman, Apartment Investment Specialis 805-320-6646 SOURCE: CRMLS

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