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    1916 Chino St

    Santa Barbara, CA 93101
    • $1,875,000
    • STATUS: Active
    • ON SITE: 5 days
    • MLS #: 21-2713
    New On Site 5 Days Ago
    UPDATED: 6 min ago
    $1,875,000
    • 0
      BEDS
    • 0.26
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1931
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    Listing provided courtesy of Radius Group Commercial R.E..

    Description

    Exceptional opportunity to acquire a 3-unit property in Santa Barbara's Westside near downtown & Cottage Hospital Centrally located in the Westside of Santa Barbara, 1916 & 1920 C-D Chino St. is a charming Spanish-style three unit property that rests on a +/-11,250 SF lot. This +/-3,142 SF building comprises a 2BD/1BA single family residence in the front with a townhouse-style duplex featuring two (2) 3BD/1.5BA units in the back. The front yard features drought resistant landscaping, while the enchanting backyard encompasses large trees and tall hedges. The property also features a two-car carport and plenty of storage. This asset is just minutes from downtown, shopping, restaurants, and the beach.The current zoning for the property is R-2 (multi-family residential use) under the jurisdiction of the City of Santa Barbara. Current zoning allows the existing improvements to be rebuilt if destroyed. The front residence was built in 1931 while the duplex in back was built in 1973. This is a rare opportunity to acquire a property that is perfect for an owner/occupant seeking income generation or an investor looking for immediate cash flow with long-term appreciation potential and possible ADU conversions. ACCEESS TO THE PROPERTY SUBJECT TO ACCEPTED OFFER. PLEASE DO NOT DISTURB THE TENANTS.

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    © 2021 Santa Barbara Multiple Listing Service. All rights reserved. Based on information from the Santa Barbara MLS as of 2021-07-27T14:46:51.94. 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 2021-07-27T14:46:51.94.
    www.searchsbhomes.com/homes/119534437
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    1916 Chino St Santa Barbara, CA 93101

    • Price: $1,875,000
    • Status: Active
    • Updated: 6 min ago
    • MLS #: 21-2713
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.26
    Acres
    1931
    Built
    Neighborhood:
    20 - Westside
    County:
    Santa Barbara
    Area:
    SB/West of State
    Elementary School:
    Harding
    Middle School:
    Lacumbre
    High School:
    S.B. Sr.
    Property Description
    Exceptional opportunity to acquire a 3-unit property in Santa Barbara's Westside near downtown & Cottage Hospital Centrally located in the Westside of Santa Barbara, 1916 & 1920 C-D Chino St. is a charming Spanish-style three unit property that rests on a +/-11,250 SF lot. This +/-3,142 SF building comprises a 2BD/1BA single family residence in the front with a townhouse-style duplex featuring two (2) 3BD/1.5BA units in the back. The front yard features drought resistant landscaping, while the enchanting backyard encompasses large trees and tall hedges. The property also features a two-car carport and plenty of storage. This asset is just minutes from downtown, shopping, restaurants, and the beach.The current zoning for the property is R-2 (multi-family residential use) under the jurisdiction of the City of Santa Barbara. Current zoning allows the existing improvements to be rebuilt if destroyed. The front residence was built in 1931 while the duplex in back was built in 1973. This is a rare opportunity to acquire a property that is perfect for an owner/occupant seeking income generation or an investor looking for immediate cash flow with long-term appreciation potential and possible ADU conversions. ACCEESS TO THE PROPERTY SUBJECT TO ACCEPTED OFFER. PLEASE DO NOT DISTURB THE TENANTS.
    Exterior Features

    Parking Information CarportMixedOtherUncovered

    Interior Features

    Floor Window Coverings HardwoodVinylWood/Laminate Heating Cooling ElecGfaWall Refrigerators 3.00 Unit1 Baths 1.00 Unit1 Bedrooms 2.00 Unit1 Half Baths 0.00 Unit2 Baths 1.00 Unit2 Bedrooms 3.00 Unit2 Half Baths 1.00 Unit3 Baths 1.00 Unit3 Bedrooms 3.00 Unit3 Half Baths 1.00

    Property Features

    Condition ExcellentGood Contingent Remarks Loan ApprovalSubj 2 Inspect Cross Street W Mission Street Deposit 3.00 Income Expenses Annual Income 114600.00 Income Expenses Capitalization Rate 3.83 Income Expenses Total Monthly Income 9550.00 Proximity Near BusNear HospitalNear Park(S)Near School(S)Near Shopping Terms CashCtnl Unit1 Furnished No Unit1 Monthly Total 3225.00 Unit1 Rent 3225.00 Unit1 Units 1.00 Unit2 Units 2.00 Unit3 Units 3.00 Zoning R-2

    Listing information © 2021 Santa Barbara MLS
    Listing provided courtesy of Radius Group Commercial R.E..



    © 2021 Santa Barbara Multiple Listing Service. All rights reserved. Based on information from the Santa Barbara MLS as of 2021-07-27T14:46:51.94. 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 2021-07-27T14:46:51.94.
     
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    Chris Gregoire & Chad Beuoy Real Estate | Compass
    1101 Coast Village Road
    Montecito CA, 93108
    Listing provided courtesy of Radius Group Commercial R.E..