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
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.
More Information MLS# 18-3203
Location Info
Country: US
Compass Map: Santa Barbara
Map Grid: P13
Cross Street: Chapala Street
District: 20 - SB/WEST OF STATE
Street #: 114-120
Street Name: Natoma
Street Suffix: Avenue
State: CA
Postal Code: 93101
County: Santa Barbara
Parcel Number: 033-072-009
Contract Info
Buyers Agent $/%: 2.5
Current Price: $3,145,000
Price: 3295000
Begin Date: 2018-08-30
Status: Closed
Property Information
Year Built: 1928
Apx Lot SqFt: 9147
Recurring Fees: No
Number of Units: 8
Neighborhood/Schools
Elementary School: Other
Junior High School: Other
High School: Other
Owner Info
Deposit: 0
Remarks
Hot Sheet Comment: new
Proximity
Near Bus: 1
Near Ocean: 1
Near Shopping: 1
Laundry
Laundry Room: 1
Amenities
Beach Front: 1
Unit 1
# Units: 3
# Bedrooms: 0
# Baths: 3
# Half Baths: 0
Furnished: N
Rent: 1250
Monthly Total: 3450
Income/Expenses
Capitalization Rate: Proforma: 3.21
NOI: Proforma $105,876
Unit 2
# Units: 5
# Bedrooms: 1
# Baths: 1
# Half Baths: 0
Rent: 1825
Monthly Total: 8620
Zoning
R-4: 1
Reports Available
Pest Inspection: 1
Roof: 1
Terms
Cash: 1
OTHER/CLA: 1
Listing Type
ER: 1
Parking Info
Outside: 1
On Street: 1
Status Information
Sold Date: 2018-12-19
Sold Price: $3,145,000
Under Contract Date: 2018-10-12
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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