1826 Loma Street, SANTA BARBARA, CA 93103 (MLS# 21-2854)

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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

Overview

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.

Listing Details MLS# 21-2854

Location Info

District: 15 - SB/EAST OF STATE
Street #: 1826
Street Name: Loma
Street Suffix: Street
State: CA
Country: US
Postal Code: 93103
Compass Map: Santa Barbara
Map Grid: O11
County: Santa Barbara
Parcel Number: 027-071-011
Cross Street: Moreno Drive

Contract Info

Price: 2995000
Financing: Exchange
Buyers Agent $/%: 3
Begin Date: 2021-07-30

Status Information

Sold Date: 2021-11-09
Under Contract Date: 2021-10-04

Property Information

Number of Units: 5
Year Built: 1920
Apx # Acres: 0.16
Apx Lot SqFt: 6970
Recurring Fees: No

NeighborhoodSchools

Neighborhood: 15 - Riviera/Lower

Remarks

Hot Sheet Comment: price

More Information

Owner Info

Deposit: 3

Miscellaneous

Parking Spaces: 2
# Refrigerators: 5
# Stoves: 5

Unit 1

# Units: 4
# Bedrooms: Yes
# Baths: Yes
Furnished: N
Rent: 8960
Monthly Total: 13910
# Half Baths: 0

Unit 2

# Units: Yes
# Bedrooms: 4
# Baths: 2
Monthly Total: 4950

Meters

Sep Meter Elec: Y
Sep Meter Gas: Yes

Neighborhood/Schools

Elementary School: Roosevelt
Junior High School: S.B. Jr.
High School: S.B. Sr.

Condition

Good: Yes

Foundation

Mixed: Yes

Proximity

Near Bus: Yes
Near Hospital: Yes
Near Park(s): Yes
Near School(s): Yes
Near Shopping: Yes

Laundry

Laundry Room: Yes

Amenities

Deck: Yes
Patio: Yes

Income/Expenses

Total Monthly Income: 13910
Annual Income: 166920

Heating

Wall: Yes

Zoning

R-4: Yes

Reports Available

Pest Inspection: Yes

Terms

Cash: Yes
Conventional: Yes

Listing Type

ER: Yes

Parking Info

Detached: Yes
On Street: Yes

Flr/Wdw Coverings

Wood/Laminate: Yes
Tile: Yes

Contingent Remarks

HOME INSPECTN: Yes

Owner Provides

Water: Yes
Trash: Yes

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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