1225-1229 Bath Street, SANTA BARBARA, CA 93101
$4,500,000
Property Type:
Res Inc
Square Footage:
3,500
Lot Size (sq. ft.):
18,295
Status:
Active
Current Price:
$4,500,000
List Date:
1/19/2024
Last Modified:
4/11/2024
Description
EXCEPTIONAL DOWNTOWN SANTA BARBARA PORTFOLIO ASSET! 6-unit plus 3-unit property (9-units total) on separate/adjacent parcels. Early 1900's Craftsman multi-unit apartment house situated on approx. .25 acre + Craftsman tri-plex situated on approx. .17 acre (.42 flat acre combined) in a prime downtown Santa Barbara location. Parking accommodates approx. 10 vehicles. Versatile R-MH (R-4) zoning offers potential for multi-unit apartments/condominiums, Inn/Hotel/Bed & Breakfast, multi-unit residential income use (Buyer to verify). Current unit mix (4)1BD/1BA, (2)2BD/1BA, (3)Studio. Maximum allowable rental unit potential currently unrealized. Walking distance to Downtown, The Public Market & SB Theatre District.
>1225/1227 & 1229 Bath Street LP: $4,500,000
More Information MLS# 24-207
Location Info
District: 20 - SB/WEST OF STATE
Street #: 1225-1229
Street Name: Bath
Street Suffix: Street
State/Province: CA
Postal Code: 93101
Compass Map: Santa Barbara
Map Grid: O12
County: Santa Barbara
Parcel Number: 039-162-011
Cross Street: Victoria Street
Walk Score: 91
Bike Score: 96
Contract Info
Current Price: $4,500,000
Price: 4500000
Buyers Agent $/%: 2.5
Begin Date: 2024-01-18
Status: Active
Property Information
Number of Units: 9
Stories: 2
Year Built: 1930
Main House SqFt: 3500
Other Structures SqFt: 2000
Apx # Acres: 0.42
Apx Lot SqFt: 18295
Recurring Fees: No
Neighborhood/Schools
Neighborhood: 15 or 20 - Downtown
Elementary School: Peabody
Junior High School: LaCumbre
High School: S.B. Sr.
Remarks
COVID Showing Remarks: Do not show if you or your client are feeling sick/unwell.
Hot Sheet Comment: price
Owner Info
Deposit: 3
Unit 1
# Units: 6
# Bedrooms: 7
# Baths: 6
Furnished: N
Rent: 14550
Monthly Total: 14550
Unit 2
# Units: 3
# Bedrooms: 4
# Baths: 3
Rent: 7100
Monthly Total: 7100
Income/Expenses
Total Monthly Income: 21650
Annual Income: 259800
Parking Info
Total # Unconvered Spaces: 10
Property Features
Condition: Fair
Foundation: Mixed
Parking Info: Uncovered
Proximity: Near Bus; Near Hospital; Near Ocean; Near Park(s); Near School(s); Near Shopping
Laundry: Laundry Room
Amenities: Deck; Gas Stove; Microwave; Washer; Dryer; Refrigerator; Insul Prt; Fncd Prt
Flr/Wdw Coverings: Hardwood; Other
Security: Smoke Detector(s)
Heating/Cooling: Heat Other
Pets: Yes
Handicapped Access: Other
Owner Provides: Water; Trash; Other
Zoning: R-4; Other
Reports Available: TDS; Prelim; NHD; Other
Exchange: Yes
Terms: Cash; OTHER/CLA
Listing Type: ER
Pub Listing Details: None
Contingent Remarks: CONTACT AGENT; EXCHANGE; OTHER
NHD Report ›Listing Office: Compass
Last Updated: April - 11 - 2024
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