130 W Padre Street, SANTA BARBARA, CA 93105
$2,800,000
Property Type:
Res Inc
Square Footage:
3,624
Status:
Closed
Current Price:
$2,800,000
List Date:
3/02/2023
Last Modified:
3/03/2023
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.
More Information MLS# 23-540
Location Info
District: 20 - SB/WEST OF STATE
Street #: 130
Dir: W
Street Name: Padre
Street Suffix: Street
State/Province: CA
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
Current Price: $2,800,000
Price: 2800000
Buyers Agent $/%: 2.25
Begin Date: 2023-03-02
Status: Closed
Status Information
Sold Date: 2023-03-02
Sold Price: $2,800,000
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
Neighborhood/Schools
Elementary School: Roosevelt
Junior High School: S.B. Jr.
High School: S.B. Sr.
Remarks
Hot Sheet Comment: new
Owner Info
Deposit: 3
Miscellaneous
Parking Spaces: 8
Unit 1
# Units: 8
# Bedrooms: 8
# Baths: 8
Furnished: N
Rent: 1606.25
Monthly Total: 12850
Income/Expenses
Total Monthly Income: 13495
Annual Income: 161940
Gross Rent Multiplr: 19.38
Taxes: 34927
Electric Expense: 375
Maintenance Expense: 3600
NOI: 99007
Parking Info
Total # Unconvered Spaces: 8
Property Features
Condition: Excellent; Good
Parking Info: Uncovered
Proximity: Near Hospital; Near School(s)
Zoning: R-4
Terms: Cash; Ctnl
Listing Type: ER
Listing Office: Radius Group Commercial R.E.
Last Updated: March - 03 - 2023
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