$2,175,000
$2,400,000
9.4%For more information regarding the value of a property, please contact us for a free consultation.
7 Beds
5 Baths
3,508 SqFt
SOLD DATE : 02/12/2024
Key Details
Sold Price $2,175,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,508 sqft
Price per Sqft $620
MLS Listing ID 23336333
Sold Date 02/12/24
Bedrooms 7
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1913
Lot Size 0.300 Acres
Property Description
Excellent 1031 Exchange or Investment Opportunity. Three separate residences on a large parcel located at the edge of where the Santa Barbara Riviera meets the lower Eastside & within close proximity to East Beach and all that Cabrillo Blvd has to offer. Updated original Craftsman front residence built in the early 1900's offers 2bd/1ba plus 2 car garage and is currently rented at $3190. Recently constructed in 2016, the second residence is a polished Craftsman offering mountain views, 3bd/2ba plus 2 car garage and is rented at $3630. Charming old world third residence was moved to the rear of the property in 1930's from East Cabrillo Blvd and offers 2bd/2ba and 2 uncovered parking spots. Explore the prospective opportunities of this unique residential income unit. Potential building site for 4th residence/ADU. Total yearly rents: $120,120. Estimate total lot size: 13,068+/-. Each unit offers 2 parking spaces (two 2 car garages & 2 open spaces). All units offer private laundry facilities.
Location
State CA
County Santa Barbara
Area Vc81 - Santa Barbara
Zoning R-2
Interior
Heating Forced Air, Wall Furnace
Flooring Carpet, Laminate, Vinyl, Wood
Fireplace No
Appliance Refrigerator
Exterior
Garage Uncovered
Garage Spaces 4.0
Garage Description 4.0
View Y/N Yes
View Mountain(s)
Total Parking Spaces 6
Building
Entry Level Multi/Split
Architectural Style Craftsman
Level or Stories Multi/Split
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 017221019
Financing Cash
Special Listing Condition Standard
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Bought with Blanca Naranjo • Keller Williams SELA