1826 Loma Street, SANTA BARBARA, CA 93103
$2,920,000
Property Type:
Res Inc
Lot Size (sq. ft.):
6,970
Status:
Closed
Current Price:
$2,920,000
List Date:
8/05/2021
Last Modified:
9/15/2024
Description
Incredible opportunity to own 5 units on Santa Barbara's highly coveted Riviera. The property consist of a 4BD/2BA home along with (4) updated 1BD/1BA units at the rear of property. The front home and 2nd story units offer dazzling ocean and city views. While this property checks all of the boxes for a pure investment, it also offers the space for owners to live comfortably in the house while collecting rental income from the 4 units in the back building. The house was tastefully remodeled in 2016 with an all new open floor-plan, new electrical, new plumbing, new bathrooms and new flooring throughout. The property also boasts brand new landscaping and as of October 2021, monthly rent total will be $13,910/Month with tenants paying utilities.
More Information MLS# 21-2854
Location Info
Country: US
Compass Map: Santa Barbara
Map Grid: O11
Cross Street: Moreno Drive
District: 15 - SB/EAST OF STATE
Street #: 1826
Street Name: Loma
Street Suffix: Street
State: CA
Postal Code: 93103
County: Santa Barbara
Parcel Number: 027-071-011
Contract Info
Financing: Exchange
Buyers Agent $/%: 3
Current Price: $2,920,000
Price: 2995000
Begin Date: 2021-07-30
Status: Closed
Property Information
Year Built: 1920
Apx Lot SqFt: 6970
Apx # Acres: 0.16
Recurring Fees: No
Number of Units: 5
Neighborhood/Schools
Elementary School: Roosevelt
Junior High School: S.B. Jr.
High School: S.B. Sr.
Owner Info
Deposit: 3
Remarks
Hot Sheet Comment: price
Condition
Good: 1
Foundation
Mixed: 1
Miscellaneous
Parking Spaces: 2
# Refrigerators: 5
# Stoves: 5
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: 4
# Bedrooms: 1
# Baths: 1
# Half Baths: 0
Furnished: N
Rent: 8960
Monthly Total: 13910
Income/Expenses
Total Monthly Income: 13910
Annual Income: 166920
Heating
Wall: 1
Unit 2
# Units: 1
# Bedrooms: 4
# Baths: 2
Monthly Total: 4950
Zoning
R-4: 1
Reports Available
Pest Inspection: 1
Terms
Cash: 1
Conventional: 1
Listing Type
ER: 1
Meters
Sep Meter Elec: Y
Sep Meter Gas: Yes
Parking Info
Detached: 1
On Street: 1
Flr/Wdw Coverings
Wood/Laminate: 1
Tile: 1
Contingent Remarks
HOME INSPECTN: 1
Owner Provides
Water: 1
Trash: 1
Status Information
Sold Date: 2021-11-09
Sold Price: $2,920,000
Under Contract Date: 2021-10-04
NeighborhoodSchools
Neighborhood: 15 - Riviera/Lower
Property Features
Condition: Good
Foundation: Mixed
Parking Info: Detached; On Street
Proximity: Near Bus; Near Hospital; Near Park(s); Near School(s); Near Shopping
Laundry: Laundry Room
Amenities: Deck; Patio
Heating: Wall
Owner Provides: Water; Trash
Zoning: R-4
Reports Available: Pest Inspection
Terms: Cash; Conventional
Listing Type: ER
Contingent Remarks: HOME INSPECTN
Documents
Floor Plans ›
Listing Office:
Beachside Partners
Last Updated: September - 15 - 2024
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