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:
4/17/2019
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# 17-3185
Location Info
District: 15 - SB/EAST OF STATE
Street #: 1210
Street Name: Cacique
Street Suffix: Street
State/Province: CA
Postal Code: 93103
Compass Map: Santa Barbara
Map Grid: Q12
County: Santa Barbara
Parcel Number: 017-260-020
Cross Street: Soledad
Contract Info
Current Price: $5,725,000
Price: 6500000
Financing: Cash
Buyers Agent $/%: 2
Begin Date: 2017-09-19
Status: Closed
Status Information
Sold Date: 2018-06-19
Sold Price: $5,725,000
Under Contract Date: 2017-09-20
Property Information
TYP: Res Multi-Unit
Apx # Acres: 5
Neighborhood/Schools
Elementary School: Cleveland
Junior High School: S.B. Jr.
High School: S.B. Sr.
Remarks
Hot Sheet Comment: new
Owner Info
Deposit: 3
Property Features
Utility Info: Electric; Water; Gas; Sewer; Telephone; Cable
Location/Topo: Level
View: Mountain(s)
Site Improvements: Public; Private
Water/Sewer: S.B. Wtr
Proximity: Near Bus; Near Ocean; Near Shopping
Zoning: R-3
Terms: Cash; Exchange
Listing Type: ER
Pub Listing Details: None
SB MH Rent Control Ordinance ›Listing Office: San Roque Realty Inc
Last Updated: April - 17 - 2019
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