$3,150,000
$3,500,000
10.0%For more information regarding the value of a property, please contact us for a free consultation.
10,018 Sqft Lot
SOLD DATE : 12/22/2021
Key Details
Sold Price $3,150,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 21785850
Sold Date 12/22/21
Construction Status Updated/Remodeled
HOA Y/N No
Lot Size 10,018 Sqft
Acres 0.23
Property Description
Pride of ownership residential income property, comprised of 6 one bedroom bungalows and above garage studio. Offered for sale for the first time in over 35 years. Located within minutes to downtown Santa Barbara, area beaches and SBCC. Numerous upgrades, offering individual patios for one bedroom units, laundry hook-ups, five garages and additional off-street parking. Strong and consistent rental history/demand. Property is being offered at a 4% cap rate. An ideal income-producing asset, located in one of the most sought after locales in the world.
Location
State CA
County Santa Barbara
Area Vc81 - Santa Barbara
Zoning R-3
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
View Y/N No
View None
Total Parking Spaces 6
Building
Faces North
Story 1
Architectural Style Spanish
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 037021009
Special Listing Condition Standard
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Bought with OUT OF AREA OUT OF AREA • OUT OF AREA