410 W Micheltorena St

    Santa Barbara, CA 93101
    • $5,285,000
    • STATUS: Pending
    • ON SITE: 388 days
    • MLS #: 18-3879
    Pending
    UPDATED: 32 min ago
    $5,285,000
    • 0
      BEDS
    • 0.36
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1968
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    Listing provided courtesy of Goodwin & Thyne Properties.

    Description

    This recently updated 12+ unit Downtown Santa Barbara multi-family investment generates a great return but still has room to grow in rental income. This beautiful property conveniently located near highways and downtown features a 12,014 square foot building with 16 covered parking spaces, onsite laundry, and lovely landscaped grounds . New flooring, updated kitchens/baths, fresh paint and close to market rents with room to grown makes this an excellent opportunity!! There is an assumable loan of approximately $3,200,000 at 3.8%!

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    © 2019 Santa Barbara Multiple Listing Service. All rights reserved. Based on information from the Santa Barbara MLS as of 2019-11-18T19:46:56.893. 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 2019-11-18T19:46:56.893.
    www.searchsbhomes.com/homes/88871131

    410 W Micheltorena St Santa Barbara, CA 93101

    • Price: $5,285,000
    • Status: Pending
    • Updated: 32 min ago
    • MLS #: 18-3879
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.36
    Acres
    1968
    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
    This recently updated 12+ unit Downtown Santa Barbara multi-family investment generates a great return but still has room to grow in rental income. This beautiful property conveniently located near highways and downtown features a 12,014 square foot building with 16 covered parking spaces, onsite laundry, and lovely landscaped grounds . New flooring, updated kitchens/baths, fresh paint and close to market rents with room to grown makes this an excellent opportunity!! There is an assumable loan of approximately $3,200,000 at 3.8%!
    Exterior Features

    Parking Information Detached Parking Spaces 17.00

    Interior Features

    Amenities 220VCable TvDryerFncd PrtOvens/BltinPatioRefrigeratorWasher Floor Window Coverings CarpetWood/Laminate Heating Cooling Heat Other Laundry Room Refrigerators 14.00 Unit1 Baths 2.00 Unit1 Bedrooms 2.00 Unit1 Half Baths 0.00 Unit2 Baths 1.00 Unit2 Bedrooms 2.00 Unit3 Baths 1.00 Unit3 Bedrooms 1.00 Unit4 Baths 1.00 Unit4 Bedrooms 0.00

    Property Features

    Condition Excellent Cross Street Castillo Street Deposit 123000.00 Foundation Other Income Expenses Estimated Income Expenses Annual Income 381840.00 Income Expenses Capitalization Rate 5.0 Income Expenses Gross Rent Multiplier 15 Income Expenses Insurance 3500.00 Income Expenses NOI 264348 Income Expenses Other Income 4325.00 Income Expenses Taxes 29815.00 Income Expenses Total Annual Exp 66362.00 Income Expenses Total Monthly Income 31820.00 Income Expenses Vacancy Factor <1% Meters Separate Meter Gas Yes Meters Separate Meter Water No Proximity Near BusNear HospitalNear Park(S)Near Shopping Public Listing Details None Security Smoke Detc Stoves 14.00 Terms CashCtelCtnl Unit1 Lease Unit1 Furnished No Unit1 Monthly Total 31820.00 Unit1 Rent 8370.00 Unit1 Units 3.00 Unit2 Lease Unit2 Monthly Total 31820.00 Unit2 Rent 10200.00 Unit2 Units 4.00 Unit3 Lease Unit3 Monthly Total 31820.00 Unit3 Rent 11775.00 Unit3 Units 6.00 Unit4 Lease Unit4 Monthly Total 31820.00 Unit4 Rent 1475.00 Unit4 Units 1.00 Zoning Other

    Listing information © 2019 Santa Barbara MLS
    Listing provided courtesy of Goodwin & Thyne Properties.



    © 2019 Santa Barbara Multiple Listing Service. All rights reserved. Based on information from the Santa Barbara MLS as of 2019-11-18T19:46:56.893. 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 2019-11-18T19:46:56.893.
     
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    Listing provided courtesy of Goodwin & Thyne Properties.