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1532 Castillo St

Santa Barbara, CA 93101
  • $2,350,000
  • STATUS: Active
  • ON SITE: 15 days
  • MLS #: 21-1917
UPDATED: 76 min ago
$2,350,000
  • 7
    BEDS
  • 0.18
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
  • 3,390
    SQFT
  • $693
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1913
County:

School Information

Elementary School:
Middle School:
High School:
Listing provided courtesy of Compass.

Description

A beautifully renovated 1913 Colonial in the heart of Downtown Santa Barbara, 1532 Castillo is an incredibly stable turnkey investment in an A+ location. The fully leased triplex boasts market rents, a strong rental history, low maintenance costs and R-4 zoning. The main house has 5 beds & 3 baths, and has undergone a full renovation, including a new kitchen & bathrooms, all new electrical & plumbing and ductless heat & AC. The detached rear duplex has also undergone a full renovation, and features wood floors, updated kitchens, AC & in-unit laundry. Currently generating $132,000 in rental income annually, the property is being offered at a 4% cap rate. Perfect for an investor looking for an income-producing asset, or an owner/user who wants to live in the front home & rent out the back.

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© 2021 Santa Barbara Multiple Listing Service. All rights reserved. Based on information from the Santa Barbara MLS as of 2021-06-12T21:46:55.647. 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 2021-06-12T21:46:55.647.
www.searchsbhomes.com/homes/117653302
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1532 Castillo St Santa Barbara, CA 93101

  • Price: $2,350,000
  • Status: Active
  • Updated: 76 min ago
  • MLS #: 21-1917
7
Beds
5
Baths
0
½ Baths
0.18
Acres
3,390
SQFT
$693
$/SQFT
1913
Built
Neighborhood:
15 Or 20 - Downtown
County:
Santa Barbara
Area:
SB/West of State
Elementary School:
Peabody
Middle School:
S.B. Jr.
High School:
S.B. Sr.
Property Description
A beautifully renovated 1913 Colonial in the heart of Downtown Santa Barbara, 1532 Castillo is an incredibly stable turnkey investment in an A+ location. The fully leased triplex boasts market rents, a strong rental history, low maintenance costs and R-4 zoning. The main house has 5 beds & 3 baths, and has undergone a full renovation, including a new kitchen & bathrooms, all new electrical & plumbing and ductless heat & AC. The detached rear duplex has also undergone a full renovation, and features wood floors, updated kitchens, AC & in-unit laundry. Currently generating $132,000 in rental income annually, the property is being offered at a 4% cap rate. Perfect for an investor looking for an income-producing asset, or an owner/user who wants to live in the front home & rent out the back.
Exterior Features

Parking Garage Cpt #2Unc #2 Roof Composition Style Colonial

Interior Features

Appliances Included DishwasherDisposalDryerGas Rnge/CooktopGas StoveRefrigWasher Dining Breakfast BarFormal Fireplaces Lr Floor Window Coverings HardwoodWood Heating Cooling A/C OtherWall Total Bathrooms 5.00

Property Features

Affordable Housing No Amenities Remodeled BathRemodeled Kitchen Condition Excellent Cross Street Arrellaga Deposit 3.00 Foundation Pier & Post Laundry In-unitRoom Proximity Near BusNear HospitalNear OceanNear Park(S)Near School(S)Near Shopping Public Listing Details Owner is Licensee Recurring Fees No Reports Available Home InspectionPrelim Source Other/See Remarks Terms CashCtnl Total Number Of Units 3 Type Home/Estate Water Sewer S.B. Wtr Within City Limits Yes Zoning R-4

Listing information © 2021 Santa Barbara MLS
Listing provided courtesy of Compass.



© 2021 Santa Barbara Multiple Listing Service. All rights reserved. Based on information from the Santa Barbara MLS as of 2021-06-12T21:46:55.647. 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 2021-06-12T21:46:55.647.
 
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Chris Gregoire & Chad Beuoy Real Estate | Compass
1101 Coast Village Road
Montecito CA, 93108
Listing provided courtesy of Compass.