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:
9/26/2022
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
District: 15 - SB/EAST OF STATE
Street #: 118
Dir: E
Street Name: Sola
Street Suffix: Street
State/Province: CA
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
Current Price: $4,750,000
Price: 4200000
Buyers Agent $/%: 2
Begin Date: 2014-04-07
Status: Closed
Status Information
Sold Date: 2014-08-07
Sold Price: $4,750,000
Under Contract Date: 2014-05-07
Property Information
Number of Units: 14
Stories: 2
Year Built: 1955
Neighborhood/Schools
Elementary School: Other
Junior High School: Other
High School: Other
Remarks
Hot Sheet Comment: new
Owner Info
Deposit: 3
Miscellaneous
Parking Spaces: 14
Unit 1
# Units: 14
# Bedrooms: 24
# Baths: 14
Furnished: N
Rent: 21830
Monthly Total: 21940
Income/Expenses
Total Monthly Income: 21940
Gross Rent Multiplr: 16.45
Capitalization Rate: 3.95
Meters
Sep Meter Elec: Y
Sep Meter Gas: Yes
Property Features
Foundation: Slab
Parking Info: 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 - 26 - 2022
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