$4,190,000
$4,190,000
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0.26 Acres Lot
SOLD DATE : 01/28/2022
Key Details
Sold Price $4,190,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision Santa Barbara: Other
MLS Listing ID V1-9511
Sold Date 01/28/22
Construction Status Turnkey
HOA Y/N No
Year Built 1956
Tax Year 2020
Lot Size 0.260 Acres
Property Description
Purported 3.05% actual cap rate, 5.10% market level cap rate. $210,000 actual gross income, $302,000 market level income. Court-ordered probate sale. 8-Plex in wonderful location: Less than 3 blocks to Cottage Hospital and all of the medical district, less than 2 blocks to the restaurants and shopping of Mission Street. All units are spacious 2 bedroom/1 bathroom homes. Beautifully maintained with tasteful upgrades and lush landscaping. Individual metering for electricity and gas. 8 car ports for off-street parking, each with additional storage, plus individual storage units in the coin-operated laundry area. 8,530 square feet of building on a 0.26 acre lot. One of the cleanest, best-located apartment complexes in town. Unbranded slideshow/virtual tour at 2119DeLaVina . com
Location
State CA
County Santa Barbara
Area Vc81 - Santa Barbara
Zoning Medium Density Res.
Interior
Interior Features Balcony, Multiple Staircases, Storage, Unfurnished
Heating Wall Furnace
Cooling None
Flooring Tile, Vinyl
Fireplaces Type None
Fireplace No
Appliance Gas Cooktop, Gas Oven, Gas Range
Laundry Common Area
Exterior
Garage Assigned, Carport, Detached Carport, Driveway Level, Off Street, Private, Community Structure
Carport Spaces 8
Fence None
Pool None
Community Features Sidewalks, Urban
Utilities Available Natural Gas Connected, Sewer Connected, Water Connected
View Y/N No
View None
Roof Type Tile
Parking Type Assigned, Carport, Detached Carport, Driveway Level, Off Street, Private, Community Structure
Total Parking Spaces 8
Private Pool No
Building
Lot Description Sprinklers None
Story 2
Entry Level Two
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories Two
Construction Status Turnkey
Others
Senior Community No
Tax ID 025232005
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash to Loan
Special Listing Condition Probate Listing, Trust
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Bought with Gary Goldberg • Coastal Properties