1210 Cacique Street, SANTA BARBARA, CA 93103
$5,725,000
Property Type:
Commercial Sale
Lot Size (sq. ft.):
217,800
Status:
Closed
Current Price:
$5,725,000
List Date:
9/19/2017
Last Modified:
9/16/2024
Description
This offering is for 5 acres of land encumbered with a master lease which has 13 years remaining and no options to renew. Master Lessee has improved the property with a 69 unit trailer park. Park is subject to city of Santa Barbara mobile home rent control. 2% cap rate based on ground lease rents received in 2016.
More Information MLS# 17-3183
Location Info
Country: US
Compass Map: Santa Barbara
Map Grid: Q12
Cross Street: Soledad
District: 15 - SB/EAST OF STATE
Street #: 1210
Street Name: Cacique
Street Suffix: Street
State: CA
Postal Code: 93103
County: Santa Barbara
Parcel Number: 017-260-020
Contract Info
Financing: Cash
Buyers Agent $/%: 2
Current Price: $5,725,000
Price: 6500000
Begin Date: 2017-09-19
Status: Closed
Property Information
For Sale/Lease: For Sale
Year Built: 1961
#Offices: 0
Apx # Acres: 5
TYP: Business
Owner Info
Deposit: 3
Remarks
Hot Sheet Comment: new
Condition
Fair: 1
Zoning
RES: 1
Terms
Cash: 1
Listing Type
ER: 1
Tenant Pays
Heat: 1
Elec: 1
Gas: 1
Wtr: 1
Taxes: 1
Trash: 1
Cbl TV: 1
Ins: 1
Ext Main: 1
Prk Area: 1
Loan
No: 1
Reports
Other: 1
1031 Exchange
Req: 1
Status Change Info
Sold Date: 2018-06-19
Sold Price: $5,725,000
Under Contract Date: 2017-09-20
Property Features
Zoning: RES
Condition: Fair
Tenant Pays: Heat; Elec; Gas; Wtr; Taxes; Trash; Cbl TV; Ins; Ext Main; Prk Area
Loan: No
Reports: Other
1031 Exchange: Req
Terms: Cash
Listing Type: ER
City SB MH Rent Control Ordinance ›
Listing Office:
San Roque Realty Inc
Last Updated: September - 16 - 2024
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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.