1726 De La Vina Street, SANTA BARBARA, CA 93101
$2,900,000
Property Type:
Res Inc
Square Footage:
6,090
Lot Size (sq. ft.):
9,534
Status:
Closed
Current Price:
$2,900,000
List Date:
5/05/2025
Last Modified:
7/10/2025
Description
Located in Downtown Santa Barbara is Crystal Apartments--a 6-unit apartment building consisting of all 2BD/1BA units, averaging approximately 1,000 square feet. The size of these units sets them apart from most 2BD rentals on the market. The property provides six carport parking stalls, patios, decks. spacious walk-in locking storage, and common laundry room. This excellent located property offers proximity to shopping, restaurants, services and amenities in both downtown Santa Barbara and Upper State Street, while the nearby self-rental bike station and bus stop provide further convenience for tenants. Do not disturb tenants and do not enter property without Listing Agent present.
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Supplements: The current rents are approximately 15% below market allowing a new owner reasonable access tp market rent through a couple cycles of Rent Increase per AB 1482. Please call listing agent for more information and a link to property documents including: General Building Inspection, SB721 Inspection Inspection, Pest Inspection, Roof Inspection, property photos and financials.
More Information MLS# 25-1780
Location Info
Country: US
Compass Map: Santa Barbara
Map Grid: N12
Cross Street: W Islay St
Walk Score: 87
District: 20 - SB/WEST OF STATE
Street #: 1726
Street Name: De La Vina
Street Suffix: Street
State: CA
Postal Code: 93101
County: Santa Barbara
Parcel Number: 027-092-022
Contract Info
Seller Consider Concessions: Yes
Current Price: $2,900,000
Price: 3100000
Begin Date: 2025-05-05
Status: Closed
Property Information
Year Built: 1974
Apx Lot SqFt: 9534
Main House SqFt: 6090
Other Structures SqFt: 324
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: 93000
Remarks
Hot Sheet Comment: new
Miscellaneous
Parking Spaces: 6
Proximity
Near Bus: 1
Near Hospital: 1
Near Park(s): 1
Near School(s): 1
Near Shopping: 1
Laundry
Laundry Room: 1
Amenities
Deck: 1
Patio: 1
Unit 1
# Units: 6
# Bedrooms: 2
# Baths: 1
# Half Baths: 0
Furnished: N
Rent: 3275
Lease: 1
Monthly Total: 19650
Income/Expenses
Annual Income: 231931
Gross Rent Multiplr: 13.1
Capitalization Rate: 5%
Actual: 1
Total Annual Exp: 76827
NOI: 155103
Zoning
R-3: 1
Reports Available
Home Inspection: 1
Pest Inspection: 1
Prelim: 1
Roof: 1
Build Plans: 1
Leases: 1
Other: 1
Terms
Cash: 1
OTHER/CLA: 1
Listing Type
ER: 1
Meters
Sep Meter Wtr: N
Sep Meter Elec: N
Sep Meter Gas: No
Parking Info
Cpt #6: 1
Owner Provides
Water: 1
Trash: 1
Other: 1
Exchange
No: 1
Status Information
Sold Date: 2025-07-10
Sold Price: $2,900,000
Under Contract Date: 2025-05-16
Property Features
Unit 1: Lease
Parking Info: Cpt #6
Proximity: Near Bus; Near Hospital; Near Park(s); Near School(s); Near Shopping
Laundry: Laundry Room
Amenities: Deck; Patio
Owner Provides: Water; Trash; Other
Zoning: R-3
Reports Available: Home Inspection; Pest Inspection; Prelim; Roof; Build Plans; Leases; Other
Exchange: No
Terms: Cash; OTHER/CLA
Listing Type: ER
Listing Office:
Hayes Commercial Group
Last Updated: July - 10 - 2025
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