Pending

1830 De La Vina Street

Santa Barbara CA, 93101

$1,938,000


$823.98 per sqft

Pending

4 Beds

4 Baths

2,352 sqft

Residential

Built in 1928

Listed by Jody Neal with Berkshire Hathaway HomeServices California Properties 805-252-9267

Prime Multi-Unit Investment Opportunity in Santa Barbara Perfectly situated near Downtown Santa Barbara and Cottage HospitalThis 4 unit residential income property has three-occupied and one-vacant . This property features four 1-bedroom, 1-bathroom units, each with a dedicated off-street parking spot and its own storage unit, enhancing tenant convenience and appeal. The vacant unit is available for immediate showing. Call for Lockbox info Key Features: Rare Opportunity: Multi-family properties in this area are seldom available, particularly those offering both dedicated off-street parking and individual storage units for each tenant. Location: Just 0.7 miles from Santa Barbara Cottage Hospital and 1.4 miles from Downtown Santa Barbara, offering easy access to a variety of local amenities including Trader Joe's, Ralphs Grocery, Handlebar Coffee, and Alice Keck Park Memorial Garden.Property Details: The parcel spans approximately 8,712 SF with a total building size of 2,352 SF plus a 648 SF garage.Financial Overview: Current average monthly gross rents stand at 8,840 with a potential increase to 9,568 per month under AB 1482. The property offers a strong CAP rate with potential growth, making it a solid investment opportunity.Nearby Attractions: Tenants will enjoy the proximity to waterfront and State Street in the vibrant heart of Santa Barbara, making this property a sought-after rental option.

24429567

MLS ID

August 5, 2024

Listed

August 30, 2024

Updated

Map

1830 De La Vina Street
Santa Barbara CA, 93101

Interior Features

Total Stories

2


Bedrooms

4


Total Bathrooms

4


Appliances

Refrigerator


Floor Description

Laminate, Wood


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Wall Furnace

Exterior/Building Features

Lot Size

0.2 Acres

Other Property Details

Area Name

VC81 - Santa Barbara


Days on Market

18


Garage

No


Parking

Assigned


Parking Total

4


View

No


County

Santa Barbara


Pool

No


Zoning

R-4

Listing History

Date

Event

Price

8/23/2024

Pending

Listing Contact: 805-687-2666 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 8/30/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 8/30/2024 at 7:11 PM UTC

 

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