Under Contract

223 E Tunnell

Santa Maria, CA 93454

$1,450,000 $6,113/Mo

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Overview

Bed

Bath

4,973

Sqft

18,731

Sqft(Lot)

Description

Welcome to 223 East Tunnell in beautiful Santa Maria, CA. This is a rare opportunity to purchase a multi-family rental property on a large, centrally located parcel with strong current income and room for future growth. This unique property features seven (7) single-level casitas thoughtfully arranged around a charming common courtyard, creating a welcoming community setting for residents. The property consists of four separate building structures comprising four 1-bedroom units and three 2-bedroom units. Several casitas feature private backyard spaces, while all residents enjoy access to the shared green common area in the front. Current monthly rental income is over $13,000 per month, with tenants paying electric/gas on separate meters. Various units have a private backyard space, and a ll units have access to a green common area in the front. The rear parking lot, conveniently accessed via the alley, offers seven onsite parking spaces along with an owner’s storage shed that presents potential for conversion into onsite laundry facilities. 223 East Tunnell is primed for a new owner to implement their vision and maximize its potential. Call today for a private showing.

Property Details

Property Type : Residential Income

Price : $1,450,000

AD Id : 75674740

MLS Id : SC26042800

Beds : 3

Lot Size : 18,731 Sqft

Living Area Size : 4,973

Year Built : 1940

County : Santa Barbara

Subdivision: Fallbrook

Map

What's Nearby

Nearby Areas

Features

Water/Sewer

Water Source: Public Sewer: Public Sewer
Interior Features

Roof: Flat
Cooling Features

None Air Conditioning

Heating Source

Wall Furnace Has Heating

Building Information

Year Built: 1940 Building Area Total: 4,973 Roof: Flat
Pool Features

None

Laundry Features

None

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.43
Lot Size Source: Assessor Lot Size Square Feet: 18731

Listing Price Information

Original List Price: 1,450,000 Listing Contract Date: 2026-02-18
Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 121153007

Garage and Parking

Garage Description: Unpaved

Homeowners Association
Rental Info

Lease Term: Negotiable Tenant Pays: Electricity,Gas

Other Property Info

Source Listing Status: Active Under Contract Source Neighborhood: SMNE - SM Northeast Directions: N. Broadway to E. Tunnell Zoning: R-2 Source Property Type: Residential Income Area: SMNE - SM Northeast Property SubType: Apartment
Building and Construction

Property Age: 86 Common Walls: 2+ Common Walls Structure Type: Apartment Year Built Source: Estimated Entry Level: 1 Entry Location: 1 Property Attached: Yes Levels or Stories: One Building Total Stories: 1

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ByOwner last updated this listing 06/10/2026 @ 02:05

MLS: SC26042800 LISTED BY: Keith Silva, Link Real Estate Group, Inc. 805-801-6498 SOURCE: CRMLS