509 W Bunny Ave, Santa Maria, CA, 93458
About This Home
Rare turnkey investment opportunity! This exceptional property features a beautifully remodeled 3-bedroom, 1-bath single-family home with a new roof, all completed in 2023. Also completed in 2023 are two newly constructed 2-bedroom, 1-bath ADUs and one detached studio, offering outstanding income-producing potential. All units are currently tenant-occupied, providing immediate rental income from day one. Whether you’re an investor looking to expand your portfolio or a buyer seeking to offset your mortgage with rental income, this property offers incredible flexibility and value. Conveniently located near schools, shopping, restaurants, parks, and major commuter routes. Don’t miss this rare opportunity to own a move-in-ready single-family home with multiple ADUs in the heart of Santa Maria!
Getting Around
Somewhat Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1950
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Laundry features: Inside
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 4
- Main level bedrooms: 7
Cooling
- Cooling features: None
Features
- Fireplace features: None
- Common walls with other units/homes: 2+ Common Walls
Interior Area
- Total interior livable area: 1,292 sqft
Property
Details
- Parcel number: 119054023
- Attached to another structure: Yes
- Special condition: Standard
Features
- Levels: One
- Stories: 1
- Entry location: 1
- Pool features: None
- Has view: Yes
- View description: None
Lot
- Lot size: 6,534 sqft
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Landslide
How This Home’s Risks Compare
FEMA Declared Disasters in Santa Barbara County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $5,562 | $66,744 |
| Home Insurance * | $184 | $2,208 |
| Property Taxes | $1,038 | $12,456 |
| Electricity | $398 | $4,786 |
| Total | $7,182 | $86,184 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-22 | Listed for sale | $1,100,000 |
| 2022-09-22 | Sold | $440,000 |
| 2022-09-22 | Pending sale | $459,000 |
| 2022-08-30 | Contingent | $459,000 |
| 2022-08-21 | Price change | $459,000 |
| 2022-07-28 | Price change | $469,900 |
| 2022-07-12 | Listed for sale | $480,000 |
| 2016-09-29 | Sold | $259,000 |
View on Zillow