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    717 Cook Ave

    Santa Barbara, CA 93101
    • $1,375,000
    • STATUS: Pending
    • ON SITE: 46 days
    • MLS #: 21-193
    Pending
    UPDATED: 60 min ago
    $1,375,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1970
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    Listing provided courtesy of Village Properties - 1.

    Description

    This four-plex is a desirable bread & butter investment property. Cook Ave. is a one block long street on the Westside of Santa Barbara between Chino & San Andres Street. There are two units downstairs, & two units upstairs. Each level has a 2 bedroom, 1 bath apartment & a 1 bedroom, 1 bath apartment. There are four uncovered parking spaces behind the building. The driveway & parking were resurfaced with new asphalt in 2019. A laundromat is at the neighboring commercial plaza along with Foodland Grocery & other retail stores. Storage space below the stairs might be a space to improve if on-site laundry is desired. Stable tenants have resided here long term. Rents are currently low with little turnover or vacancy. Some units have been updated when repairs have been made.

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    © 2021 Santa Barbara Multiple Listing Service. All rights reserved. Based on information from the Santa Barbara MLS as of 2021-03-07T17:47:04.657. 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 2021-03-07T17:47:04.657.
    www.searchsbhomes.com/homes/113380589
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    717 Cook Ave Santa Barbara, CA 93101

    • Price: $1,375,000
    • Status: Pending
    • Updated: 60 min ago
    • MLS #: 21-193
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1970
    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
    This four-plex is a desirable bread & butter investment property. Cook Ave. is a one block long street on the Westside of Santa Barbara between Chino & San Andres Street. There are two units downstairs, & two units upstairs. Each level has a 2 bedroom, 1 bath apartment & a 1 bedroom, 1 bath apartment. There are four uncovered parking spaces behind the building. The driveway & parking were resurfaced with new asphalt in 2019. A laundromat is at the neighboring commercial plaza along with Foodland Grocery & other retail stores. Storage space below the stairs might be a space to improve if on-site laundry is desired. Stable tenants have resided here long term. Rents are currently low with little turnover or vacancy. Some units have been updated when repairs have been made.
    Exterior Features

    Parking Information Unc #4Uncovered Parking Spaces 4.00

    Interior Features

    Floor Window Coverings CarpetTileVinylWnd/Cv Prt Heating Cooling Wall Laundry None Refrigerators 4.00 Unit1 Baths 1.00 Unit1 Bedrooms 1.00 Unit1 Half Baths 0.00 Unit2 Baths 1.00 Unit2 Bedrooms 2.00 Unit2 Half Baths 0.00 Unit3 Baths 1.00 Unit3 Bedrooms 1.00 Unit3 Half Baths 0.00 Unit4 Baths 1.00 Unit4 Bedrooms 2.00 Unit4 Half Baths 0.00

    Property Features

    Condition Average Contingent Remarks Home InspectnReportsSubj 2 Inspect Cross Street Chino Deposit 3.00 Foundation Slab Income Expenses Actual Income Expenses Annual Income 81780.00 Income Expenses Capitalization Rate 4.7 Income Expenses Gross Rent Multiplier 16.8 Income Expenses Insurance 2601.00 Income Expenses Maintenance Expense 2100.00 Income Expenses Taxes 5546.00 Income Expenses Total Annual Exp 17072.00 Income Expenses Total Monthly Expenses 1423.00 Income Expenses Total Monthly Income 6815.00 Income Expenses Trash Expense 1375.00 Income Expenses Vacancy Factor 0 Income Expenses Water Expense 5450.00 Meters Separate Meter Electric Yes Meters Separate Meter Gas Yes Owner Provides TrashWater Proximity Near BusNear HospitalNear OceanNear Park(S)Near School(S)Near Shopping Security Smoke Detc Stoves 4.00 Terms CashCtnl Unit1 M/M Unit1 Furnished No Unit1 Monthly Total 1600.00 Unit1 Rent 1600.00 Unit1 Units 1.00 Unit2 M/M Unit2 Furnished No Unit2 Monthly Total 1845.00 Unit2 Rent 1845.00 Unit2 Units 1.00 Unit3 M/M Unit3 Furnished No Unit3 Monthly Total 1525.00 Unit3 Rent 1525.00 Unit3 Units 1.00 Unit4 M/M Unit4 Furnished No Unit4 Monthly Total 1845.00 Unit4 Rent 1845.00 Unit4 Units 1.00 Zoning R-2

    Listing information © 2021 Santa Barbara MLS
    Listing provided courtesy of Village Properties - 1.



    © 2021 Santa Barbara Multiple Listing Service. All rights reserved. Based on information from the Santa Barbara MLS as of 2021-03-07T17:47:04.657. 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 2021-03-07T17:47:04.657.
     
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    Chris Gregoire & Chad Beuoy Real Estate | Compass
    1101 Coast Village Road
    Montecito CA, 93108
    Listing provided courtesy of Village Properties - 1.