130 W Padre Street, SANTA BARBARA, CA 93105 (MLS# 23-540)

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130 W Padre Street, SANTA BARBARA, CA 93105

$2,800,000

Upgraded Unit- living room/ bedroom area

Property Type: Res Inc Square Footage: 3,624 Status: Closed

Current Price: $2,800,000 List Date: 3/02/2023 Last Modified: 4/24/2025

Overview

Description

***For Statistical Purposes Only Well maintained asset located on the corner of W. Padre and De La Vina Streets. This multifamily investment property consists of eight (8) studio apartments in close proximity to Cottage Hospital and Downtown Santa Barbara. Units #7 & #8 have recently been updated while units #1–6 are in good condition and provide great rental upside in a prime location. This garden-style apartment complex also features on-site laundry and parking, convenient freeway access and walking distance to various restaurants, markets and many other amenities.

Listing Details MLS# 23-540

Location Info

District: 20 - SB/WEST OF STATE
Street #: 130
Dir: W
Street Name: Padre
Street Suffix: Street
State: CA
Country: US
Postal Code: 93105
Compass Map: Santa Barbara
Map Grid: N11
County: Santa Barbara
Parcel Number: 025-233-017
Cross Street: De La Vina St

Contract Info

Price: 2800000
Buyers Agent $/%: 2.25
Begin Date: 2023-03-02

Status Information

Sold Date: 2023-03-02
Under Contract Date: 2023-03-02

Property Information

Number of Units: 8
Year Built: 1962
Main House SqFt: 3624
Apx Lot Size FxD: 8220
Recurring Fees: No

Remarks

Hot Sheet Comment: new

Owner Info

Deposit: 3

More Information

Miscellaneous

Parking Spaces: 8

Unit 1

# Units: 8
# Bedrooms: 8
# Baths: 8
Furnished: N
Rent: 1606.25
Monthly Total: 12850
# Half Baths: 0

Parking Info

Total # Unconvered Spaces: 8
Outside: Yes

Neighborhood/Schools

Elementary School: Roosevelt
Junior High School: S.B. Jr.
High School: S.B. Sr.

Condition

Excellent: Yes
Good: Yes

Proximity

Near Hospital: Yes
Near School(s): Yes

Income/Expenses

Total Monthly Income: 13495
Annual Income: 161940
Gross Rent Multiplr: 19.38
Taxes: 34927
Electric Expense: 375
Maintenance Expense: 3600
NOI: 99007

Zoning

R-4: Yes

Terms

Cash: Yes
Conventional: Yes

Listing Type

ER: Yes

Property Features

Condition: Excellent; Good Parking Info: Outside Proximity: Near Hospital; Near School(s) Zoning: R-4 Terms: Cash; Conventional Listing Type: ER

Listing Office: Radius Group Commercial R.E.

Last Updated: April - 24 - 2025

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