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110 Bodega Lane, SANTA BARBARA, CA 93110

$4,850,000
Property Type: Res Inc Square Footage: 12,701 Lot Size (sq. ft.): 20,720 Status: Closed
Current Price: $4,850,000 List Date: 8/10/2024 Last Modified: 12/05/2024

Overview

Description

This apartment complex is well located in the Upper Street Street area of Santa Barbara. Close proximity to La Cumbre Plaza and Five Points Shopping centers. 10 of the 14 units are two-story townhouse style units. Property needs improvements, but the upside is the current rents are 32% below market rents.

Listing Details MLS# 24-2640

Location Info

District
15 - SB/EAST OF STATE
Street #
110
Street Name
Bodega
Street Suffix
Lane
State
CA
Country
US
Postal Code
93110
Compass Map
Santa Barbara
Map Grid
L10
County
Santa Barbara
Parcel Number
057-232-025
Cross Street
Via Lucero

Contract Info

Price
5300000
Begin Date
2024-08-10

Status Information

Sold Date
2024-12-04
Under Contract Date
2024-10-25

Property Information

Number of Units
14
Stories
2
Year Built
1966
Main House SqFt
12701
Apx Lot SqFt
20720
Recurring Fees
No

Remarks

Hot Sheet Comment
new

Owner Info

Deposit
3

More Information

Miscellaneous

Parking Spaces
15

Unit 1

# Units
14
# Bedrooms
26
# Baths
14
# Half Baths
12
Furnished
N
Rent
29070
Monthly Total
29070

Meters

Sep Meter Wtr
N
Sep Meter Elec
Y

Parking Info

Total # Carport Spaces
12
Total # Unconvered Spaces
3
Carport
Yes
Outside
Yes

Neighborhood/Schools

Elementary School
Adams
Junior High School
LaColina
High School
San Marcos

Condition

Fair
Yes

Foundation

Slab
Yes

Proximity

Near Bus
Yes
Near School(s)
Yes
Near Shopping
Yes

Laundry

Bldg
Yes

Amenities

Deck
Yes
Patio
Yes
Elec Stove
Yes
Ovens/Bltin
Yes
Dishwasher
Yes
Disposal
Yes
Microwave
Yes
Compactor
Yes
Refrigerator
Yes

Income/Expenses

Annual Income
380570
Gross Rent Multiplr
13.9
Capitalization Rate
4.35%
Total Annual Exp
144926
NOI
230507

Heating

Elec
Yes
Radia
Yes

Pets

Yes
Yes

Zoning

R-4
Yes

Reports Available

Home Inspection
Yes
Pest Inspection
Yes
Roof
Yes
NHD
Yes

Terms

Cash
Yes
Conventional
Yes

Listing Type

ER
Yes

Flr/Wdw Coverings

Carpet
Yes
Wood/Laminate
Yes

Pub Listing Details

None
Yes

Exchange

No
Yes

Property Features

Condition: Fair Foundation: Slab Parking Info: Carport; Carport; Outside Proximity: Near Bus; Near School(s); Near Shopping Laundry: Bldg Amenities: Deck; Patio; Elec Stove; Ovens/Bltin; Dishwasher; Disposal; Microwave; Compactor; Refrigerator Heating: Elec; Radia Pets: Yes Zoning: R-4 Reports Available: Home Inspection; Pest Inspection; Roof; NHD Exchange: No Terms: Cash; Conventional Listing Type: ER Pub Listing Details: None
IDX
Listing Office: JT Real Estate Group
Last Updated: December - 05 - 2024
The data relating to real estate for sale on this web site comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. Real estate listings held by brokerage firms other than the displaying broker(s) are marked with the 'MLS' logo and detailed information about them includes the name of the listing brokers. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor displaying broker shall be responsible for any typographical errors, misinformation, or misprints. 2015 Santa Barbara Multiple Listing Service. All rights reserved.

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