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1830 De La Vina Street, SANTA BARBARA, CA 93101

$1,750,000
Property Type: Res Inc Square Footage: 2,352 Lot Size (sq. ft.): 8,712 Status: Closed
Current Price: $1,750,000 List Date: 8/16/2024 Last Modified: 3/24/2025

Overview

Description

Prime Multi-Unit Investment Opportunity in Santa Barbara Perfectly situated near Downtown Santa Barbara and Cottage HospitalThis 4 unit residential income property has three-occupied and one-vacant . This property features four 1-bedroom, 1-bathroom units, each with a dedicated off-street parking spot and its own storage unit, enhancing tenant convenience and appeal. The vacant unit is available for immediate showing. Call for Lockbox info Key Features: Rare Opportunity: Multi-family properties in this area are seldom available, particularly those offering both dedicated off-street parking and individual storage units for each tenant. Location: Just 0.7 miles from Santa Barbara Cottage Hospital and 1.4 miles from Downtown Santa Barbara, offering easy access to a variety of

Supplements: local amenities including Trader Joe's, Ralphs Grocery, Handlebar Coffee, and Alice Keck Park Memorial Garden. Property Details: The parcel spans approximately 8,712 SF with a total building size of 2,352 SF plus a 648 SF garage. Financial Overview: Current average monthly gross rents stand at 8,840 with a potential increase to 9,568 per month unde ...

Listing Details MLS# 24-2702

Location Info

District
20 - SB/WEST OF STATE
Street #
1830
Street Name
De La Vina
Street Suffix
Street
State
CA
Country
US
Postal Code
93101
Compass Map
Santa Barbara
Map Grid
N12
County
Santa Barbara
Parcel Number
027-022-025
Cross Street
W Pedregosa
Walk Score
77
Bike Score
91

Contract Info

Price
1938000
Financing
CTEL
Seller Consider Concessions
Yes
Begin Date
2024-08-16

Status Information

Sold Date
2024-10-01
Under Contract Date
2024-08-23

Property Information

Number of Units
4
Stories
2
Year Built
1928
Main House SqFt
2352
Other Structures SqFt
648
Apx # Acres
0.2
Recurring Fees
No

NeighborhoodSchools

Neighborhood
15 or 20 - Downtown

Remarks

Hot Sheet Comment
new

More Information

Owner Info

Deposit
2

Miscellaneous

Parking Spaces
4

Unit 1

# Units
Yes
# Bedrooms
Yes
# Baths
Yes
Furnished
N
Monthly Total
8840
# Half Baths
0
Rent
0

Neighborhood/Schools

Elementary School
Peabody
Junior High School
S.B. Jr.
High School
S.B. Sr.

Foundation

Raised
Yes
Pier & Post
Yes

Proximity

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

Laundry

In Unit
Yes
Some
Yes

Income/Expenses

Total Monthly Income
8840
Annual Income
106080
Capitalization Rate
3.1

Zoning

Other
Yes

Reports Available

Home Inspection
Yes
Pest Inspection
Yes
Prelim
Yes
Other
Yes

Terms

Cash
Yes
Conventional
Yes

Listing Type

ER
Yes

Parking Info

Outside
Yes
Unc #2
Yes
Unc #3
Yes
Unc #4
Yes

Flr/Wdw Coverings

Hardwood
Yes

Property Features

Foundation: Raised; Pier & Post Parking Info: Outside; Unc #2; Unc #3; Unc #4 Proximity: Near Bus; Near Hospital; Near Ocean; Near Park(s); Near School(s); Near Shopping Laundry: In Unit; Some Zoning: Other Reports Available: Home Inspection; Pest Inspection; Prelim; Other Terms: Cash; Conventional Listing Type: ER
IDX
Listing Office: Berkshire Hathaway HomeServices California Properties
Last Updated: March - 24 - 2025
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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