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1210 Cacique Street, SANTA BARBARA, CA 93103

$5,725,000
Property Type: Land Lot Size (sq. ft.): 217,800 Status: Closed
Current Price: $5,725,000 List Date: 9/20/2017 Last Modified: 9/16/2024

Overview

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.

Listing Details MLS# 17-3185

Location Info

District
15 - SB/EAST OF STATE
Street #
1210
Street Name
Cacique
Street Suffix
Street
State
CA
Country
US
Postal Code
93103
Compass Map
Santa Barbara
Map Grid
Q12
County
Santa Barbara
Parcel Number
017-260-020
Cross Street
Soledad

Contract Info

Price
6500000
Financing
Cash
Buyers Agent $/%
2
Begin Date
2017-09-19

Status Information

Sold Date
2018-06-19
Under Contract Date
2017-09-20

Property Information

TYP
Res Multi-Unit
Apx # Acres
5

Remarks

Hot Sheet Comment
new

Owner Info

Deposit
3

More Information

Neighborhood/Schools

Elementary School
Cleveland
Junior High School
S.B. Jr.
High School
S.B. Sr.

View

Mountain(s)
Yes

Location/Topo

Level
Yes

Site Improvements

Public
Yes
Private
Yes

Proximity

Near Bus
Yes
Near Ocean
Yes
Near Shopping
Yes

Utility Info

Electric
Yes
Water
Yes
Gas
Yes
Sewer
Yes
Telephone
Yes
Cable
Yes

Water/Sewer

S.B. Wtr
Yes

Zoning

R-3
Yes

Terms

Cash
Yes
Exchange
Yes

Listing Type

ER
Yes

Pub Listing Details

None
Yes

Property Features

Utility Info: Electric; Water; Gas; Sewer; Telephone; Cable View: Mountain(s) Site Improvements: Public; Private Proximity: Near Bus; Near Ocean; Near Shopping Zoning: R-3 Terms: Cash; Exchange Listing Type: ER Pub Listing Details: None
IDX
Listing Office: San Roque Realty Inc
Last Updated: September - 16 - 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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