1115 Garden Street, SANTA BARBARA, CA 93101
$4,563,000
Property Type:
Res Inc
Square Footage:
4,350
Lot Size (sq. ft.):
5,227
Status:
Closed
Current Price:
$4,563,000
List Date:
1/16/2021
Last Modified:
1/24/2022
Description
Brand new Apartment Building located in the heart of the charming and peaceful El Pueblo District. Short stroll to the historic Santa Barbara Courthouse and Sunken Garden and many other historic sites. Walk, bike or enjoy easy access to all in-town transportation including the Santa Barbara Trolley and Pedi-cabs for a quick ride to the beach, pier and zoo. Just 2 short blocks to some of downtown Santa Barbara's finest cafes, eateries, fine shops, galleries, museums, theaters and restaurant, Showing subject to accepted contract, See attached document for floor plans.
One seller is a real estate Broker.
More Information MLS# 21-173
Location Info
District: 15 - SB/EAST OF STATE
Street #: 1115
Street Name: Garden
Street Suffix: Street
State/Province: CA
Postal Code: 93101
Compass Map: Santa Barbara
Map Grid: O12
County: Santa Barbara
Parcel Number: 029-162-013
Cross Street: Figueroa St.
Contract Info
Current Price: $4,563,000
Price: 4722000
Buyers Agent $/%: 2.5
Begin Date: 2021-01-16
Status: Closed
Status Information
Sold Date: 2022-01-20
Sold Price: $4,563,000
Under Contract Date: 2021-10-11
Property Information
Number of Units: 4
Year Built: 2019
Main House SqFt: 4350
Apx # Acres: 0.12
Recurring Fees: No
Neighborhood/Schools
Elementary School: Other
Junior High School: Other
High School: Other
Remarks
Hot Sheet Comment: price
Owner Info
Deposit: 3
Miscellaneous
Parking Spaces: 5
# Refrigerators: 5
Unit 1
# Units: 1
# Bedrooms: 4
# Baths: 4
Furnished: N
Rent: 7950
Monthly Total: 7950
Unit 2
# Units: 1
# Bedrooms: 2
# Baths: 2
Rent: 3800
Monthly Total: 3800
Unit 3
# Units: 1
# Bedrooms: 2
# Baths: 2
Rent: 3745
Monthly Total: 3745
Unit 4
# Units: 2
# Bedrooms: 2
Rent: 3250
Monthly Total: 3250
Income/Expenses
Total Monthly Income: 18739
Annual Income: 224868
Gross Rent Multiplr: 21
Capitalization Rate: 3.93
Taxes: 2500
Insurance: 183
Water Expense: 225
Electric Expense: 80
Gas Expense: 40
Trash Expense: 60
Maintenance Expense: 150
Total Monthly Exp: 3238
Total Annual Exp: 38856
NOI: 186012
Meters
Sep Meter Wtr: Y
Sep Meter Elec: Y
Sep Meter Gas: Yes
Parking Info
Total # Garage Spaces: 5
Property Features
Unit 1: Lease
Unit 2: Lease
Unit 3: Lease
Unit 4: Lease
Income/Expenses: Actual
Condition: Excellent
Parking Info: Com Garage
Proximity: Near Bus; Near Park(s); Near Shopping
Laundry: In Unit
Amenities: Patio; Gas Stove; Dishwasher; Microwave; Washer; Dryer; Refrigerator; Fire Spkl
Heating/Cooling: Elec; A/C Central
Owner Provides: Trash
Zoning: CLA
Exchange: Poss
Terms: Ctnl
Listing Type: ER
Pub Listing Details: Owner is Licensee
Documents
Floor Plans ›Listing Office: Ryan Real Estate & Development Inc.
Last Updated: January - 24 - 2022
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