1516 Castillo Street, SANTA BARBARA, CA 93101
$635,000
Property Type:
Res Inc
Lot Size (sq. ft.):
7,841
Status:
Closed
Current Price:
$635,000
List Date:
7/17/2013
Last Modified:
4/19/2019
Description
2 houses on 1 lot in a good downtown location! Great for owner/user, dual living, or investor. Live in front 2 bdrm, 2 bth house, & rent out rear 1 bdrm, 1 bth cottage. Investor can maximize rents w/ its legal 3 unit (all 1 bdrm, 1 bth) configuration to yield $63k/yr gross income on projected rents. Large 7,841 SF, R-4 lot. Property needs TLC to restore it to its original grandeur.
More Information MLS# 13-2319
Location Info
District: 20 - SB/WEST OF STATE
Street #: 1516
Street Name: Castillo
Street Suffix: Street
State/Province: CA
Postal Code: 93101
Compass Map: Santa Barbara
Map Grid: N12
County: Santa Barbara
Parcel Number: 027-212-022
Cross Street: Arrellaga
Contract Info
Current Price: $635,000
Price: 799000
Buyers Agent $/%: 2.5
Begin Date: 2013-07-17
Status: Closed
Status Information
Sold Date: 2013-09-25
Sold Price: $635,000
Under Contract Date: 2013-07-31
Property Information
Number of Units: 3
Year Built: 1892
Apx Lot SqFt: 7841
Neighborhood/Schools
Neighborhood: 15 or 20 - Downtown
Elementary School: McKinley
Junior High School: S.B. Jr.
High School: S.B. Sr.
Remarks
Hot Sheet Comment: price
Owner Info
Deposit: 25000
Unit 1
# Units: 1
# Bedrooms: 1
# Baths: 1
Furnished: N
Unit 2
# Units: 1
# Bedrooms: 1
# Baths: 1
Unit 3
# Units: 1
# Bedrooms: 1
# Baths: 1
Income/Expenses
Total Monthly Income: 5250
Annual Income: 63000
Gross Rent Multiplr: 14.27
Meters
Sep Meter Elec: Y
Sep Meter Gas: Yes
Property Features
Income/Expenses: Estimated
Condition: Poor
Foundation: Raised
Parking Info: Uncovered
Laundry: Laundry Room
Flr/Wdw Coverings: Carpet
Heating/Cooling: Wall
Owner Provides: Water; Trash
Zoning: R-4
Reports Available: Home Inspection; Zoning
Terms: Cash; OWC 1st; OMC 1st
Listing Type: ER
Pub Listing Details: None
Listing Office: Berkshire Hathaway HomeServices California Properties
Last Updated: April - 19 - 2019
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