1525 San Andres St

    Santa Barbara, CA 93101
    • $1,639,000
    • STATUS: Active
    • ON SITE: 50 days
    • MLS #: 18-3872
    UPDATED: 47 min ago
    $1,639,000
    • 0
      BEDS
    • 0.28
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    Listing provided courtesy of Evans Realty & Investments.

    Description

    At a 5 Cap! and priced below recent appraisal this is Santa Barbara's best investment. This exceptional opportunity is comprised of three updated units located on Santa Barbara's up and coming West Side. This outstanding property consists of a three bedroom, two bath single family home and a duplex with each unit offering two bedrooms, one bath, and a single car garage. Recently updated all the units boast: new interior/exterior paint, refinished hardwood floors, modern kitchens, new bathrooms, and appliances. With easy access to downtown, the beach, SBCC and many of Santa Barbara great amenities, this property will be a breeze to keep occupied with great tenants. This turn-key property is being offered fully occupied with high rents and low expenses--making it an ideal investment.Possibility to increase units and rent under the ADU Ordinance.

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    © 2018 Santa Barbara Multiple Listing Service. All rights reserved. Based on information from the Santa Barbara MLS as of 2018-12-14T23:47:05.73. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Data last updated 2018-12-14T23:47:05.73.
    www.searchsbhomes.com/homes/88839599

    1525 San Andres St Santa Barbara, CA 93101

    • Price: $1,639,000
    • Status: Active
    • Updated: 47 min ago
    • MLS #: 18-3872
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.28
    Acres
    Neighborhood:
    20 - Westside
    County:
    Santa Barbara
    Area:
    SB/West of State
    Elementary School:
    Harding
    Middle School:
    Lacumbre
    High School:
    San Marcos
    Property Description
    At a 5 Cap! and priced below recent appraisal this is Santa Barbara's best investment. This exceptional opportunity is comprised of three updated units located on Santa Barbara's up and coming West Side. This outstanding property consists of a three bedroom, two bath single family home and a duplex with each unit offering two bedrooms, one bath, and a single car garage. Recently updated all the units boast: new interior/exterior paint, refinished hardwood floors, modern kitchens, new bathrooms, and appliances. With easy access to downtown, the beach, SBCC and many of Santa Barbara great amenities, this property will be a breeze to keep occupied with great tenants. This turn-key property is being offered fully occupied with high rents and low expenses--making it an ideal investment.Possibility to increase units and rent under the ADU Ordinance.
    Exterior Features

    Parking Information GaragesUncovered

    Interior Features

    Amenities Fncd BackFncd PrtGas StoveRefrigerator Floor Window Coverings HardwoodTileWood/Laminate Heating Cooling GfaWall Laundry Some Refrigerators 3.00 Unit1 Baths 2.00 Unit1 Bedrooms 3.00 Unit1 Half Baths 0.00 Unit2 Baths 1.00 Unit2 Bedrooms 2.00 Unit3 Baths 1.00 Unit3 Bedrooms 2.00

    Property Features

    Condition Excellent Cross Street Arrellaga Deposit 3.00 Foundation RaisedSlab Income Expenses Annual Income 104400.00 Income Expenses Capitalization Rate 4.96% Income Expenses Gross Rent Multiplier 15.70% Income Expenses Insurance 1645.00 Income Expenses Maintenance Expense 1200.00 Income Expenses NOI $81282.96 Income Expenses Total Annual Exp 23117.04 Income Expenses Total Monthly Income 8700.00 Income Expenses Vacancy Factor 1044 Meters Separate Meter Electric Yes Meters Separate Meter Gas Yes Owner Provides TrashWater Proximity Near BusNear HospitalNear Park(S)Near School(S)Near Shopping Public Listing Details None Reports Available NhdPrelimTds Stoves 3.00 Terms CashCtnl Unit1 Furnished No Unit1 Monthly Total 3500.00 Unit1 Rent 3500.00 Unit1 Units 1.00 Unit2 Furnished No Unit2 Monthly Total 2550.00 Unit2 Rent 2550.00 Unit2 Units 1.00 Unit3 Monthly Total 2650.00 Unit3 Rent 2650.00 Unit3 Units 1.00 Zoning R-2

    Listing information © 2018 Santa Barbara MLS
    Listing provided courtesy of Evans Realty & Investments.



    © 2018 Santa Barbara Multiple Listing Service. All rights reserved. Based on information from the Santa Barbara MLS as of 2018-12-14T23:47:05.73. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Data last updated 2018-12-14T23:47:05.73.
     
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    Listing provided courtesy of Evans Realty & Investments.