311 Lolita L
Santa Maria, CA 93458 • 2 Bed • 2 Bath • 1,026 sq.ft.

Property summary

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: 6

Listing updated: October 15, 2025 - 04:43:10

Property details

Property ID
PI25233638
Size
1026 sq.ft.
Home Type
Residential
Year Built
1984
Property Size
0.2296 acre
Garage
0
Levels
2
Spa
None
Patio
Rear Porch, Open, Patio, Screened
Basement
No
View
None
Pool
None

Listed by: CJ Hegney DRE #02203414 805-773-7777, Keller Williams Realty Central Coast - Pismo Coast

Source: Pismo Coast, MLS#: PI2386 Originating MLS: CRMLS

Interior information

Rooms
Bathroom, Bedroom, Family Room, Foyer, Kitchen, Laundry, Living Room, Other, Pantry
Bathrooms
2
Kitchen
Dishwasher, ENERGY STAR Qualified Appliances, ENERGY STAR Qualified Water Heater, Exhaust Fan, Gas Oven, Gas Water Heater, VentedExhaust Fan, Water To Refrigerator, Water Heater, Warming Drawer, Dryer
Cooling
None, Attic Fan
Heating
Central
Flooring
Carpet, Laminate, Tile
Laundry
Inside, Laundry Closet, Upper Level
$425,000
Property price
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Savings estimator
Revesty savings: $23K
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Mortgage estimator
Est.: $1,700/mo
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Working hours: Monday to Friday 9:00am - 6:00pm (PST)

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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Based on information from California Regional Multiple Listing Service, Inc. as of 2025-10-28 20:11:16 PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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