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:
1/17/2023
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
District: 20 - SB/WEST OF STATE
Street #: 114-120
Street Name: Natoma
Street Suffix: Avenue
State/Province: CA
Postal Code: 93101
Compass Map: Santa Barbara
Map Grid: P13
County: Santa Barbara
Parcel Number: 033-072-009
Cross Street: Chapala Street
Contract Info
Current Price: $3,145,000
Price: 3295000
Buyers Agent $/%: 2.5
Begin Date: 2018-08-30
Status: Closed
Status Information
Sold Date: 2018-12-19
Sold Price: $3,145,000
Under Contract Date: 2018-10-12
Property Information
Number of Units: 8
Year Built: 1928
Apx Lot SqFt: 9147
Recurring Fees: No
Neighborhood/Schools
Elementary School: Other
Junior High School: Other
High School: Other
Remarks
Hot Sheet Comment: new
Unit 1
# Units: 3
# Baths: 3
Furnished: N
Rent: 1250
Monthly Total: 3450
Unit 2
# Units: 5
# Bedrooms: 1
# Baths: 1
Rent: 1825
Monthly Total: 8620
Income/Expenses
Capitalization Rate: Proforma: 3.21
NOI: Proforma $105,876
Property Features
Parking Info: Uncovered; 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: January - 17 - 2023
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