180 Camino De Vida, SANTA BARBARA, CA 93111
$2,200,000
Property Type:
Res Inc
Square Footage:
3,995
Lot Size (sq. ft.):
8,712
Status:
Closed
Current Price:
$2,200,000
List Date:
9/02/2022
Last Modified:
11/03/2022
Description
Amazing 4 Unit Apartment Building in the perfect central Santa Barbara location! Close to many amenities, this large 4,000 SF building is a great value at $550 SF, relative to the comps at much higher! Excellent condition with 6 parking spaces, and a great unit mix: three 2 bdrm, 1.5 baths units ranging from 815-890 SF, and a 3 bdrm, 2 bth possible owners unit at 1400 SF w/large covered deck & mountain views!! This property is a true gem, w/ all the great features to make this highly attractive to tenants: cathedral ceilings, good floor plans, 1,000 +/- SF rear fenced yard, private patio, large covered upstairs deck with mountain views, plus nice open space behind all of which contribute to the allure of this magnificent property!! 3.61 Cap & 17.43 GRM w/upside potential!
More Information MLS# 22-2980
Location Info
District: 30 - SB/GOL SOUTH
Street #: 180
Street Name: Camino De Vida
State/Province: CA
Postal Code: 93111
Compass Map: Santa Barbara
Map Grid: J11
County: Santa Barbara
Parcel Number: 065-473-010
Cross Street: Turnpike
Contract Info
Current Price: $2,200,000
Price: 2200000
Buyers Agent $/%: 2.5
Begin Date: 2022-09-02
Status: Closed
Status Information
Sold Date: 2022-10-26
Sold Price: $2,200,000
Under Contract Date: 2022-09-19
Property Information
Number of Units: 4
Year Built: 1970
Main House SqFt: 3995
Other Structures SqFt: 43
Apx Lot SqFt: 8712
Recurring Fees: No
Neighborhood/Schools
Elementary School: El Camino
Junior High School: LaColina
High School: San Marcos
Remarks
Hot Sheet Comment: new
Owner Info
Deposit: 66000
Miscellaneous
Parking Spaces: 6
Unit 1
# Units: 1
# Bedrooms: 3
# Baths: 2
# Half Baths: 1
Furnished: N
Rent: 3045
Monthly Total: 3045
Unit 2
# Units: 1
# Bedrooms: 2
# Baths: 1
# Half Baths: 1
Rent: 2350
Unit 3
# Units: 1
# Bedrooms: 2
# Baths: 1
# Half Baths: 1
Rent: 2650
Monthly Total: 2650
Unit 4
# Units: 1
# Bedrooms: 2
# Baths: 1
# Half Baths: 1
Rent: 2395
Monthly Total: 2395
Income/Expenses
Total Monthly Income: 10520
Annual Income: 126240
Gross Rent Multiplr: 17.43
Capitalization Rate: 3.61
NOI: 79477
Meters
Sep Meter Elec: N
Sep Meter Gas: No
Property Features
Unit 1: M/M
Unit 2: M/M
Unit 3: M/M
Unit 4: M/M
Condition: Excellent; Good
Foundation: Slab
Parking Info: Carport; Uncovered; Cpt #4
Proximity: Near Bus; Near School(s); Near Shopping
Laundry: Laundry Room
Amenities: Patio; Fncd Back
Zoning: Other
Reports Available: Pest Inspection
Terms: Cash; Ctnl
Listing Type: ER
Listing Office: Berkshire Hathaway HomeServices California Properties
Last Updated: November - 03 - 2022
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