1172 E Rice Ranch Road 101, 102
Santa Maria, CA, 93455 $ 1,199,999
Baths1.0 Sq 2,421 Monthly Estimate*
$ 7,389
Studio for $1,199,999 with 1 full bath. This 2,421 square foot home was built in 1961 on a lot size of 0.2.
3 Homes, 1 Lot! Rare opportunities like this don't come along often in the heart of Orcutt! Situated in a well-established neighborhood on a spacious .20 acre lot, this beautifully remodeled 4-bedroom, 2-bath home offers versatility, income potential, and modern comfort -- all in one exceptional property. The main home features an open-concept floorplan designed for today's lifestyle. The modern kitchen showcases shaker-style wood cabinetry, chic quartz countertops, and newer stainless-steel appliances -- perfectly blending style and function. The bright and inviting living room offers recessed lighting, durable vinyl flooring, and a cozy fireplace ideal for relaxing evenings. A convenient laundry room is located just off the kitchen for added ease. All four bedrooms are generously sized with newer carpet and stylish light fixtures. Both bathrooms have been tastefully updated with custom tile work and designer finishes, creating a fresh, contemporary feel throughout. ($3700/mo) Adding even more value are two additional units: • A newly built (2025) detached 2-bedroom, 1-bath home complete with a kitchen, laundry and living area, and mini split (a/c and heat)- ideal for extended family, multi-generational living, or premium rental income. ($2500/mo) • A newly built (2025) attached 1-bedroom, 1-bath unit complete with a kitchen, living area, and mini split (a/c and heat)- perfect for additional rental revenue. ($1900/mo) All three units are currently tenant-occupied, offering flexibility for investors looking to reset rents or owner-occupants wanting to move in while maintaining income. Located in a desirable Orcutt school district and close to shopping, dining, and commuter access, this property checks every box for investors and homeowners alike. Whether you're looking to expand your portfolio, house hack, or create space for family while generating income -- this is the one you don't want to miss. Schedule your private tour today before this rare Orcutt opportunity is gone! *Photos are prior to tenants.
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FeaturesGeneralSewer Public Sewer
Cooling None
HOA Fee 0
Garage Spaces 0
Pool Features None
Year Built 1961
View None
Stories Count 1
Levels One
Unit Number 101 102
Property Subtype Triplex
Gross Income 8100
Community Features Sidewalks
County Santa Barbara
Net Operating Income 7570
Operating Expense 530
Insurance Expense 0
New Construction false
Property Type Residential Income
HOA false
Subdivision Name Orcutt East(870)
Garage Y/N false
Special Listing Conditions Standard
Status Active
Directions S. Bradley L Rice Ranch Rd home on right
City Santa Maria
Entry Location 1
Senior Community Y/N false
Number Of Units Total 3
MLS Area ORCT - Orcutt
Lot Size Units Square Feet
Lot Size Square Feet 8712
Number of Units Leased 3
Listing Terms Cash Conventional 1031 Exchange Submit
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 130
Fuel Expense 150
Trash Expense 75
Water Sewer Expense 175
Additional Parcels Y/N false
Rent Control Y/N false
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 143
Virtual Tour https://youtube.com/shorts/mLpprBJDOdo?si=XfT-TopT5NWH3ytr
Total Actual Rent 8100
Property Sub Type Additional Triplex
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InteriorFireplace Features Family Room
Total Stories 1
Common Walls 1 Common Wall
Air Conditioning Y/N false
Fireplace Y/N true
Laundry Features Laundry Closet
Entry Level 1
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ExteriorLot Features 0-1 Unit/Acre
Water Source Public
Total Parking 0
Lot Size Area 8712
Number of Buildings 2
Building Area Total 2421
Lot Size Acres 0.2
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 1
Number of Separate Electric Meters 2
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* Excluded FeaturesList Bycharlotte@pettitgroup.homesEmail
Affordability Calculator
- Monthly Principal & Interest
- $7,389
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Santa Maria, CA
Average List Price $1,784,857
Percent of Sale Price 49%
About Santa Maria, CA 107,154 Population
37% Since 2002
$ 53,304 Median Income
32.07 Median Age
42% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 4/1/2026 | $1,199,999 | -2.04% | Price Down |
| 3/4/2026 | $1,225,000 | -2.00% | Price Down |
| 2/19/2026 | $1,250,000 | | Listed Price |