611 W Mission Street

    Santa Barbara, CA 93101
    • $1,450,000
    • STATUS: Active
    • ON SITE: 23 days
    • MLS #: 19-3677
    UPDATED: 31 min ago
    $1,450,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1925
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    Listing provided courtesy of Berkshire Hathaway Home Services California Properties.

    Description

    This well-located house + duplex (3 units total) offers an investor proximity to good employment centers for tenants (i.e. Cottage Hospital), along with easy access for active tenants to downtown Santa Barbara and the area's many amenities. The front house from the 1920's has period finishes and hardwood floors, its den has a closet and is used as a 3rd bedroom. The back duplex was built in 1980, each unit is a large 2-BR/1-BA, plus a 2-car garage. This is an ideal property for a starter investor, or as an alternative for an owner-occupant in the front home to build wealth much faster by adding the paid-for rental duplex. Rents and financial metrics shown are actual and are not reflective of market rents, see Offering Memorandum under Documents for market and pro-forma projections.

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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/100310084

    611 W Mission Street Santa Barbara, CA 93101

    • Price: $1,450,000
    • Status: Active
    • Updated: 31 min ago
    • MLS #: 19-3677
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    1925
    Built
    Neighborhood:
    20 - Westside
    County:
    Santa Barbara
    Area:
    SB/West of State
    Elementary School:
    Harding
    Middle School:
    Lacumbre
    High School:
    San Marcos
    Property Description
    This well-located house + duplex (3 units total) offers an investor proximity to good employment centers for tenants (i.e. Cottage Hospital), along with easy access for active tenants to downtown Santa Barbara and the area's many amenities. The front house from the 1920's has period finishes and hardwood floors, its den has a closet and is used as a 3rd bedroom. The back duplex was built in 1980, each unit is a large 2-BR/1-BA, plus a 2-car garage. This is an ideal property for a starter investor, or as an alternative for an owner-occupant in the front home to build wealth much faster by adding the paid-for rental duplex. Rents and financial metrics shown are actual and are not reflective of market rents, see Offering Memorandum under Documents for market and pro-forma projections.
    Exterior Features

    Parking Information Gar #2 Parking Spaces 5.00

    Interior Features

    Amenities DryerFireplaceFncd BackFncd PrtWasher Floor Window Coverings CarpetHardwoodTileWood/Laminate Heating Cooling Gfa Laundry Other Refrigerators 3.00 Unit1 Baths 1.00 Unit1 Bedrooms 2.00 Unit1 Half Baths 0.00 Unit2 Baths 1.00 Unit2 Bedrooms 2.00 Unit2 Half Baths 0.00 Unit3 Baths 1.00 Unit3 Bedrooms 2.00 Unit3 Half Baths 0.00

    Property Features

    Condition AverageGood Cross Street Modoc Deposit 3.00 Foundation RaisedSlab Income Expenses Annual Income 68640.00 Income Expenses Capitalization Rate 2.7 Income Expenses Electric Expense 500.00 Income Expenses Gas Expense 300.00 Income Expenses Gross Rent Multiplier 21.1 Income Expenses Insurance 1500.00 Income Expenses Maintenance Expense 5000.00 Income Expenses NOI 39200 Income Expenses Taxes 15500.00 Income Expenses Total Annual Exp 29400.00 Income Expenses Total Monthly Expenses 2450.00 Income Expenses Total Monthly Income 5720.00 Income Expenses Water Expense 2500.00 Meters Separate Meter Electric Yes Meters Separate Meter Gas Yes Meters Separate Meter Water No Owner Provides OtherTrashWater Proximity Near BusNear HospitalNear Park(S)Near School(S)Near Shopping Reports Available Pest Inspection Stoves 3.00 Terms CashCtnl Unit1 Furnished No Unit1 Monthly Total 2200.00 Unit1 Rent 2200.00 Unit1 Units 1.00 Unit2 Furnished No Unit2 Monthly Total 1995.00 Unit2 Rent 1995.00 Unit2 Units 1.00 Unit3 Furnished No Unit3 Monthly Total 1525.00 Unit3 Rent 1525.00 Unit3 Units 1.00 Zoning R-3

    Listing information © 2019 Santa Barbara MLS
    Listing provided courtesy of Berkshire Hathaway Home Services California 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.
     
    Chris Gregoire & Chad Beuoy Real Estate | Compass
    1101 Coast Village Road
    Montecito CA, 93108
    Listing provided courtesy of Berkshire Hathaway Home Services California Properties.