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
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.
More Information MLS# 24-2640
Location Info
Country: US
Compass Map: Santa Barbara
Map Grid: L10
Cross Street: Via Lucero
District: 15 - SB/EAST OF STATE
Street #: 110
Street Name: Bodega
Street Suffix: Lane
State: CA
Postal Code: 93110
County: Santa Barbara
Parcel Number: 057-232-025
Property Information
Year Built: 1966
Stories: 2
Apx Lot SqFt: 20720
Main House SqFt: 12701
Recurring Fees: No
Number of Units: 14
Neighborhood/Schools
Elementary School: Adams
Junior High School: LaColina
High School: San Marcos
Owner Info
Deposit: 3
Remarks
Hot Sheet Comment: new
Condition
Fair: 1
Foundation
Slab: 1
Miscellaneous
Parking Spaces: 15
Proximity
Near Bus: 1
Near School(s): 1
Near Shopping: 1
Laundry
Bldg: 1
Amenities
Deck: 1
Patio: 1
Elec Stove: 1
Ovens/Bltin: 1
Dishwasher: 1
Disposal: 1
Microwave: 1
Compactor: 1
Refrigerator: 1
Unit 1
# Units: 14
# Bedrooms: 26
# Baths: 14
# Half Baths: 12
Furnished: N
Rent: 29070
Monthly Total: 29070
Income/Expenses
Annual Income: 380570
Gross Rent Multiplr: 13.9
Capitalization Rate: 4.35%
Total Annual Exp: 144926
NOI: 230507
Heating
Elec: 1
Radia: 1
Pets
Yes: 1
Zoning
R-4: 1
Reports Available
Home Inspection: 1
Pest Inspection: 1
Roof: 1
NHD: 1
Terms
Cash: 1
Conventional: 1
Listing Type
ER: 1
Meters
Sep Meter Wtr: N
Sep Meter Elec: Y
Parking Info
Carport: 1
Outside: 1
Total # Carport Spaces: 12
Total # Unconvered Spaces: 3
Flr/Wdw Coverings
Carpet: 1
Wood/Laminate: 1
Pub Listing Details
None: 1
Exchange
No: 1
Contract Info
Current Price: $4,850,000
Price: 5300000
Begin Date: 2024-08-10
Status: Closed
Status Information
Sold Date: 2024-12-04
Sold Price: $4,850,000
Under Contract Date: 2024-10-25
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
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.