1403 Bath Street, SANTA BARBARA, CA 93101
$2,250,000
Property Type:
Res Inc
Status:
Closed
Current Price:
$2,250,000
List Date:
9/12/2024
Last Modified:
11/08/2024
Description
Immaculately maintained 6-unit property in Downtown Santa Barbara. First time available in over 50 years. Originally built in the 1920's this two-story gem features street frontage access from both Bath Street & Sola St. A highly desired Santa Barbara location with ample off-street parking, private laundry facilities, plus storage & workshop space. Beautiful & private gardens, patios, & outdoor spaces make this property an incredible private oasis for its occupants. Tenants love this beautiful & superb location, conveniently located close to shopping, dining, entertainment, beaches, & much more. The property is in excellent condition & shows true pride of ownership. Great investment opportunity w/ upside potential. See the numerous photos & virtual tour to experience the amazing property!
More Information MLS# 24-3014
Location Info
Country: US
Compass Map: Santa Barbara
Map Grid: O12
Cross Street: W Sola St
District: 20 - SB/WEST OF STATE
Street #: 1403
Street Name: Bath
Street Suffix: Street
State: CA
Postal Code: 93101
County: Santa Barbara
Parcel Number: 039-052-017
Property Information
Year Built: 1920
Stories: 2
Recurring Fees: No
Number of Units: 6
Neighborhood/Schools
Elementary School: Peabody
Junior High School: S.B. Jr.
High School: S.B. Sr.
Owner Info
Deposit: 3
Remarks
Hot Sheet Comment: new
Condition
Excellent: 1
Foundation
Raised: 1
Miscellaneous
Parking Spaces: 6
# Refrigerators: 6
# Stoves: 6
Proximity
Near Bus: 1
Near Hospital: 1
Near Park(s): 1
Near Shopping: 1
Laundry
Laundry Room: 1
Bldg: 1
Unit 1
# Units: 1
# Bedrooms: 1
# Baths: 1
# Half Baths: 0
Furnished: N
Rent: 2065
Lease: 1
Monthly Total: 2065
Income/Expenses
Total Monthly Income: 10310
Other Income: 63
Annual Income: 124476
Gross Rent Multiplr: 18.07
Capitalization Rate: 3.53
Actual: 1
Taxes: 2039
Insurance: 2452
Total Annual Exp: 27874
NOI: 79345.00
Unit 2
# Units: 1
# Bedrooms: 1
# Baths: 1
# Half Baths: 0
Rent: 1195
Lease: 1
Monthly Total: 1195
Zoning
R-4: 1
Terms
Cash: 1
Conventional: 1
Listing Type
ER: 1
Unit 3
# Units: 1
# Bedrooms: 1
# Baths: 1
# Half Baths: 0
Lease: 1
Monthly Total: 5550
Unit 4
# Units: 3
# Bedrooms: 1
# Baths: 1
# Half Baths: 0
Rent: 1500
Monthly Total: 1500
Meters
Sep Meter Wtr: N
Sep Meter Elec: N
Sep Meter Gas: No
Parking Info
Outside: 1
Total # Unconvered Spaces: 6
Pub Listing Details
None: 1
Owner Provides
Heat: 1
Elec: 1
Gas: 1
Water: 1
Trash: 1
Contract Info
Current Price: $2,250,000
Price: 2250000
Begin Date: 2024-09-11
Status: Closed
Status Information
Sold Date: 2024-11-08
Sold Price: $2,250,000
Under Contract Date: 2024-09-29
NeighborhoodSchools
Neighborhood: 15 or 20 - Downtown
Property Features
Unit 1: Lease
Unit 2: Lease
Unit 3: Lease
Condition: Excellent
Foundation: Raised
Parking Info: Outside
Proximity: Near Bus; Near Hospital; Near Park(s); Near Shopping
Laundry: Laundry Room; Bldg
Owner Provides: Heat; Elec; Gas; Water; Trash
Zoning: R-4
Terms: Cash; Conventional
Listing Type: ER
Pub Listing Details: None
Documents
NHD Report ›
Listing Office:
Goodwin & Thyne Properties
Last Updated: November - 08 - 2024
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