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
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.
More Information MLS# 14-1046
Location Info
Country: US
Compass Map: Santa Barbara
Map Grid: O12
Cross Street: Santa Barbara St
District: 15 - SB/EAST OF STATE
Street #: 118
Dir: E
Street Name: Sola
Street Suffix: Street
State: CA
Postal Code: 93101
County: Santa Barbara
Parcel Number: 029-071-004
Contract Info
Buyers Agent $/%: 2
Current Price: $4,750,000
Price: 4200000
Begin Date: 2014-04-07
Status: Closed
Property Information
Year Built: 1955
Stories: 2
Number of Units: 14
Neighborhood/Schools
Elementary School: Other
Junior High School: Other
High School: Other
Owner Info
Deposit: 3
Remarks
Hot Sheet Comment: new
Foundation
Slab: 1
Miscellaneous
Parking Spaces: 14
Proximity
Near Bus: 1
Near Park(s): 1
Near School(s): 1
Near Shopping: 1
Laundry
Laundry Room: 1
Unit 1
# Units: 14
# Bedrooms: 24
# Baths: 14
# Half Baths: 0
Furnished: N
Rent: 21830
Monthly Total: 21940
Income/Expenses
Total Monthly Income: 21940
Gross Rent Multiplr: 16.45
Capitalization Rate: 3.95
Zoning
R-3: 1
Reports Available
Pest Inspection: 1
Prelim: 1
Terms
Cash: 1
OTHER/CLA: 1
Listing Type
ER: 1
Meters
Sep Meter Elec: Y
Sep Meter Gas: Yes
Parking Info
Carport: 1
Status Information
Sold Date: 2014-08-07
Sold Price: $4,750,000
Under Contract Date: 2014-05-07
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
Listing Office:
Radius Group Commercial R.E.
Last Updated: September - 15 - 2024
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