125 W Mason Street, SANTA BARBARA, CA 93101 (MLS# 18-48)

Your search results

125 W Mason Street, SANTA BARBARA, CA 93101

$3,400,000

Property Type: Res Inc Status: Closed

Current Price: $3,400,000 List Date: 2/06/2018 Last Modified: 9/15/2024

Overview

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.

Listing Details MLS# 18-48

Location Info

District: 20 - SB/WEST OF STATE
Street #: 125
Dir: W
Street Name: Mason
Street Suffix: Street
State: CA
Country: US
Postal Code: 93101
Compass Map: Santa Barbara
Map Grid: P13
County: Santa Barbara
Parcel Number: 033-101-010
Cross Street: Cabrillo

Contract Info

Price: 3565000
Buyers Agent $/%: 2
Begin Date: 2018-01-04

Status Information

Sold Date: 2018-08-24
Under Contract Date: 2018-05-07

Property Information

Number of Units: 5
Stories: 2
Year Built: 1940
Recurring Fees: No

NeighborhoodSchools

Neighborhood: 20 - West Beach

Remarks

Hot Sheet Comment: new

More Information

Unit 1

# Units: 3
# Bedrooms: Yes
# Baths: Yes
Furnished: N
Monthly Total: 8250
# Half Baths: 0
Rent: 0
Lease: Yes

Unit 2

# Units: Yes
# Bedrooms: 2
# Baths: Yes
Furnished: N
Monthly Total: 3900
# Half Baths: 0

Unit 3

# Units: Yes
# Baths: Yes
Furnished: N
Monthly Total: 1650
# Bedrooms: 0

Neighborhood/Schools

Elementary School: McKinley
Junior High School: LaCumbre
High School: S.B. Sr.

Owner Info

Deposit: 0

Income/Expenses

Annual Income: 172800
Gross Rent Multiplr: 20.7
Capitalization Rate: 3.0

Zoning

Other: Yes

Terms

OTHER/CLA: Yes

Listing Type

ER: Yes

Property Features

Unit 1: Lease Zoning: Other Terms: OTHER/CLA Listing Type: ER

Listing Office: Hayes Commercial Group

Last Updated: September - 15 - 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.