Description
Prime multi-unit investment opportunity in santa barbara perfectly situated near downtown santa barbara and cottage hospitalthis 4 unit residential income property has three-occupied and one-vacant . this property features four 1-bedroom, 1-bathroom units, each with a dedicated off-street parking spot and its own storage unit, enhancing tenant convenience and appeal. the vacant unit is available for immediate showing. call for lockbox info key features: rare opportunity: multi-family properties in this area are seldom available, particularly those offering both dedicated off-street parking and individual storage units for each tenant. location: just 0.7 miles from santa barbara cottage hospital and 1.4 miles from downtown santa barbara, offering easy access to a variety of local amenities including trader joe's, ralphs grocery, handlebar coffee, and alice keck park memorial garden.property details: the parcel spans approximately 8,712 sf with a total building size of 2,352 sf plus a 648 sf garage.financial overview: current average monthly gross rents stand at 8,840 with a potential increase to 9,568 per month under ab 1482. the property offers a strong cap rate with potential growth, making it a solid investment opportunity.nearby attractions: tenants will enjoy the proximity to waterfront and state street in the vibrant heart of santa barbara, making this property a sought-after rental option.
Property Type
Residential IncomeSubdivision
FallbrookCounty
Santa BarbaraStyle
Residential IncomeAD ID
46689035
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Property Details
-
Interior Features
Bedroom Information
- Total Bedrooms : 4
Bathroom Information
- Total Baths: 4
- Full Baths: 0
- Half Baths: 0
Interior Features
- Property Appliances: Refrigerator
- Flooring: Laminate,Wood
Cooling Features
- None
- Air Conditioning
Heating Source
- Wall Furnace
- Has Heating
-
Exterior Features
Building Information
- Year Built: 1928
- Building Area Total: 2,352
Foundation
- Pillar/Post/Pier
-
Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.2
- Lot Size Source: Vendor Enhanced
- Lot Size Square Feet: 8712
-
Listing Information
Listing Price Information
- Original List Price: 1,938,000
- Listing Contract Date: 2024-08-05
Lease Information
- Listing Agreement: Seller Reserved
-
Taxes / Assessments
Tax Information
- Parcel Number: 027022025
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
- Garage Description: Assigned
Homeowners Association
Rental Info
- Lease Term: Negotiable
- Tenant Pays: Electricity
-
School, Utilities & Location Details
Other Property Info
- Source Listing Status: Pending
- Source Neighborhood: VC81 - Santa Barbara
- Postal Code Plus 4: 2859
- Directions: 101 to Mission Exit, R on De La Vina to property
- Zoning: R-4
- Source Property Type: Residential Income
- Area: VC81 - Santa Barbara
Building and Construction
- Property Age: 96
- Year Built Source: Vendor Enhanced
- Total Square Feet Living: 2352
- Levels or Stories: Two
- Building Total Stories: 2
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BuyOwner last updated this listing 09/16/2024 @ 16:14
- MLS: 24429567
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 4 bedrooms which is recently sold, it has 2,352 sqft, 8,712 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Santa Barbara , in zip code 93101, this Santa Barbara County Home , it is in the FALLBROOK Subdivision, are nearby neighborhoods.