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118 E Sola Street, SANTA BARBARA, CA 93101

$4,750,000
Property Type: Res Inc Status: Closed
Current Price: $4,750,000 List Date: 4/07/2014 Last Modified: 9/15/2024

Overview

Description

Rare opportunity to acquire this 14 unit complex located on the corner of Sola and Santa Barbara Streets in downtown Santa Barbara. The two story property consists of (4) 1BR+1BA units and (10) 2BR+1BA units. Bid Deadline - Wednesday, April 30 Tour Dates - Tues, April 22, 2:00PM-4:00PM BY APPOINTMENT ONLY. This is NOT an Open House.

Listing Details MLS# 14-1046

Location Info

District
15 - SB/EAST OF STATE
Street #
118
Dir
E
Street Name
Sola
Street Suffix
Street
State
CA
Country
US
Postal Code
93101
Compass Map
Santa Barbara
Map Grid
O12
County
Santa Barbara
Parcel Number
029-071-004
Cross Street
Santa Barbara St

Contract Info

Price
4200000
Buyers Agent $/%
2
Begin Date
2014-04-07

Status Information

Sold Date
2014-08-07
Under Contract Date
2014-05-07

Property Information

Number of Units
14
Stories
2
Year Built
1955

Remarks

Hot Sheet Comment
new

Owner Info

Deposit
3

More Information

Miscellaneous

Parking Spaces
14

Unit 1

# Units
14
# Bedrooms
24
# Baths
14
Furnished
N
Rent
21830
Monthly Total
21940
# Half Baths
0

Meters

Sep Meter Elec
Y
Sep Meter Gas
Yes

Neighborhood/Schools

Elementary School
Other
Junior High School
Other
High School
Other

Foundation

Slab
Yes

Proximity

Near Bus
Yes
Near Park(s)
Yes
Near School(s)
Yes
Near Shopping
Yes

Laundry

Laundry Room
Yes

Income/Expenses

Total Monthly Income
21940
Gross Rent Multiplr
16.45
Capitalization Rate
3.95

Zoning

R-3
Yes

Reports Available

Pest Inspection
Yes
Prelim
Yes

Terms

Cash
Yes
OTHER/CLA
Yes

Listing Type

ER
Yes

Parking Info

Carport
Yes

Property Features

Foundation: Slab Parking Info: Carport; Carport Proximity: Near Bus; Near Park(s); Near School(s); Near Shopping Laundry: Laundry Room Zoning: R-3 Reports Available: Pest Inspection; Prelim Terms: Cash; OTHER/CLA Listing Type: ER
IDX
Listing Office: Radius Group Commercial R.E.
Last Updated: September - 15 - 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.

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