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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
180 Camino De Vida, SANTA BARBARA, CA 93111- MLS# 22-2980
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

The data relating to real estate for sale on this web site comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. Real estate listings held by brokerage firms other than the displaying broker(s) are marked with the 'MLS' logo and detailed information about them includes the name of the listing brokers. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor displaying broker shall be responsible for any typographical errors, misinformation, or misprints. 2015 Santa Barbara Multiple Listing Service. All rights reserved.

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