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