114-120 Natoma Avenue, SANTA BARBARA, CA 93101 (MLS# 18-3203)

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114-120 Natoma Avenue, SANTA BARBARA, CA 93101

$3,145,000

Property Type: Res Inc Lot Size (sq. ft.): 9,147 Status: Closed

Current Price: $3,145,000 List Date: 8/30/2018 Last Modified: 9/15/2024

Overview

Description

Amazing opportunity to own a wonderful beach property that sits in the highly sought after West Beach Neighborhood and was once known as the ''Ambassador Sulphur-Baths''. The black and gold tiles that announce the property remain in the curbside steps. This Spanish Colonial-style apartment complex is just a couple blocks from downtown Santa Barbara and just steps from the gorgeous sand and waterfront. Wonderful unit mix of (5) 1 BD/1BA and (3) studios. Five of eight units have been remodeled. The ''Walk Score'' for this complex is 83 (very walkable) and a bike score of 99 — a biker's paradise! This complex is very desirable for potential tenants.

Listing Details MLS# 18-3203

Location Info

District: 20 - SB/WEST OF STATE
Street #: 114-120
Street Name: Natoma
Street Suffix: Avenue
State: CA
Country: US
Postal Code: 93101
Compass Map: Santa Barbara
Map Grid: P13
County: Santa Barbara
Parcel Number: 033-072-009
Cross Street: Chapala Street

Contract Info

Price: 3295000
Buyers Agent $/%: 2.5
Begin Date: 2018-08-30

Status Information

Sold Date: 2018-12-19
Under Contract Date: 2018-10-12

Property Information

Number of Units: 8
Year Built: 1928
Apx Lot SqFt: 9147
Recurring Fees: No

Remarks

Hot Sheet Comment: new

Unit 1

# Units: 3
# Baths: 3
Furnished: N
Rent: 1250
Monthly Total: 3450
# Bedrooms: 0
# Half Baths: 0

More Information

Unit 2

# Units: 5
# Bedrooms: Yes
# Baths: Yes
Rent: 1825
Monthly Total: 8620
# Half Baths: 0

Neighborhood/Schools

Elementary School: Other
Junior High School: Other
High School: Other

Owner Info

Deposit: 0

Proximity

Near Bus: Yes
Near Ocean: Yes
Near Shopping: Yes

Laundry

Laundry Room: Yes

Amenities

Beach Front: Yes

Income/Expenses

Capitalization Rate: Proforma: 3.21
NOI: Proforma $105,876

Zoning

R-4: Yes

Reports Available

Pest Inspection: Yes
Roof: Yes

Terms

Cash: Yes
OTHER/CLA: Yes

Listing Type

ER: Yes

Parking Info

Outside: Yes
On Street: Yes

Property Features

Parking Info: Outside; On Street Proximity: Near Bus; Near Ocean; Near Shopping Laundry: Laundry Room Amenities: Beach Front Zoning: R-4 Reports Available: Pest Inspection; Roof Terms: Cash; OTHER/CLA Listing Type: ER

Listing Office: Radius Group Commercial R.E.

Last Updated: September - 15 - 2024

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