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$3,565,000
125 W Mason St
SANTA BARBARA, CA 93101
MLS# 18-48
Status: Closed



125 W Mason St, SANTA BARBARA, CA 93101
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125 W Mason St, SANTA BARBARA, CA 93101 125 W Mason St, SANTA BARBARA, CA 93101 125 W Mason St, SANTA BARBARA, CA 93101 125 W Mason St, SANTA BARBARA, CA 93101 125 W Mason St, SANTA BARBARA, CA 93101 125 W Mason St, SANTA BARBARA, CA 93101 125 W Mason St, SANTA BARBARA, CA 93101 125 W Mason St, SANTA BARBARA, CA 93101 125 W Mason St, SANTA BARBARA, CA 93101 125 W Mason St, SANTA BARBARA, CA 93101

Property Description
This ideally located five-unit apartment building, adjacent to Ambassador Park in the idyllic West Beach neighborhood, has been in the same family for over 15 years. Its classic Spanish Mediterranean architecture and lush landscaping is reminiscent of a peaceful oasis, while the property’s unit mix provides great versatility for an investor. With a “walk score” of 83, the location allows easy access to the Funk Zone, the harbor, the wharf and the many amenities of downtown Santa Barbara, satisfying every whim of the tenants and keeping these units in high demand.

Details
Maps
Location Info
District: 20 - SB/WEST OF STATE
Street #: 125
Dir: W
Street Name: Mason
Street Suffix: St
State/Province: CA
Postal Code: 93101
Compass Map: Santa Barbara
Map Grid: P13
County: Santa Barbara
Parcel Number: 033-101-010
Cross Street: Cabrillo
Contract Info
Current Price: $3,400,000
Price: 3565000
Buyers Agent $/%: 2
Begin Date: 2018-01-04
Status: Closed
Status Information
Sold Date: 2018-08-24
Sold Price: $3,400,000
Under Contract Date: 2018-05-07
Property Information
Number of Units: 5
Stories: 2
Year Built: 1940
Recurring Fees: No
Neighborhood/Schools
Neighborhood: 20 - West Beach
Elementary School: McKinley
Junior High School: LaCumbre
High School: S.B. Sr.
Remarks
Hot Sheet Comment: new
Unit 1
# Units: 3
# Bedrooms: 1
# Baths: 1
Furnished: N
Monthly Total: 8250
Unit 2
# Units: 1
# Bedrooms: 2
# Baths: 1
Furnished: N
Monthly Total: 3900
Unit 3
# Units: 1
# Baths: 1
Furnished: N
Monthly Total: 1650
Income/Expenses
Annual Income: 172800
Gross Rent Multiplr: 20.7
Capitalization Rate: 3.0
Property Features
Unit 1: Lease
Zoning: Other
Terms: OTHER/CLA
Listing Type: ER

Listing Office: Hayes Commercial Group

Last Updated: November - 04 - 2020

125 W Mason St, SANTA BARBARA, CA 93101 - MLS# 18-48
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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.