119 S Voluntario Street, SANTA BARBARA, CA 93103
$965,000
Property Type:
Res Inc
Lot Size (sq. ft.):
13,068
Status:
Closed
Current Price:
$965,000
List Date:
4/05/2014
Last Modified:
4/19/2019
Description
This is an excellent investment opportunity to own an updated duplex with two homes (2BD/1BA w/office + 2BD/1.5BA) with tentatively approved plans for a three bedroom, two bath additional home with a 5 car garage. Located on a 13,000+ square foot lot with plenty of off street parking, storage, large lawn/open space area, in a location with lots of development potential. Great for Investor/Owner.
Supplements: Current rents are $2475 and $2400 respectively. Most properties with this type of income are priced over $1M. Close to all conveniences, and close proximity to East Beach.
More Information MLS# 14-1031
Location Info
District: 15 - SB/EAST OF STATE
Street #: 119
Dir: S
Street Name: Voluntario
Street Suffix: Street
State/Province: CA
Postal Code: 93103
Compass Map: Santa Barbara
Map Grid: Q12
County: Santa Barbara
Parcel Number: 017-221-019
Cross Street: Carpinteria
Contract Info
Current Price: $965,000
Price: 975000
Financing: Fixed
Buyers Agent $/%: 2.5
Begin Date: 2014-04-04
Status: Closed
Status Information
Sold Date: 2014-06-06
Sold Price: $965,000
Under Contract Date: 2014-04-17
Property Information
Number of Units: 2
Apx Lot SqFt: 13068
Assessor's Data
Assessor Lot Acres: 0.3
Neighborhood/Schools
Elementary School: Franklin
Junior High School: S.B. Jr.
High School: S.B. Sr.
Remarks
Hot Sheet Comment: new
Owner Info
Deposit: 29250
Unit 1
# Units: 1
# Bedrooms: 2
# Baths: 1
Furnished: N
Rent: 2475
Monthly Total: 2475
Unit 2
# Units: 1
# Bedrooms: 2
# Baths: 1.5
Furnished: N
Rent: 2400
Monthly Total: 2400
Income/Expenses
Annual Income: 58500
Gross Rent Multiplr: 16.6
Capitalization Rate: 4.2
Water Expense: 2760
Trash Expense: 2400
Maintenance Expense: 1680
Meters
Sep Meter Wtr: Y
Property Features
Unit 1: M/M
Unit 2: M/M
Condition: Excellent
Foundation: Other
Parking Info: Garages
Proximity: Near Park(s); Near Shopping
Laundry: In Unit
Amenities: Gas Stove; Ovens/Bltin; Washer; Dryer; Refrigerator; Yd Spkl Prt; Fncd Back; Fncd Prt
Flr/Wdw Coverings: Carpet; Vinyl
Zoning: R-2
Reports Available: Zoning
Terms: Cash; Ctnl
Listing Type: ER
Listing Office: Goodwin & Thyne Properties
Last Updated: April - 19 - 2019
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