1916-1920 Chino, SANTA BARBARA, CA 93101 (MLS# 22-1426)

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1916-1920 Chino, SANTA BARBARA, CA 93101

$2,050,000

Property Type: Res Inc Square Footage: 3,142 Lot Size (sq. ft.): 11,250 Status: Closed

Current Price: $2,050,000 List Date: 5/05/2022 Last Modified: 4/24/2025

Overview

Description

THE SALE OF THIS PROPERTY IS PART OF A PORTFOLIO LISTED AT $12,190,000. The Seller would prefer to sell as a portfolio, but would consider selling the properties individually. The Portfolio offering represents an excellent investment opportunity with three unique multifamily properties totaling 17 units and approx. 18,879 SF. Centrally located in the Westside of Santa Barbara, 1916 & 1920 C-D Chino St. is a charming Spanish style three unit property that rests on a 11,250 SF lot. This 3,142 SF building comprises a 2BD/1BA front house with a town house style duplex in the back comprising two 3BD/1.5BA units. The zoning for the property is R-2 (multi-family residential use) under the jurisdiction of the City of Santa Barbara.

Supplements: Current zoning allows the existing improvements to be rebuilt if destroyed. The front residence was built in 1931 while the duplex in back was built in 1973. The portfolio comprises of three listings and is being sold as a package. The following addresses are included and are listed at $12,190,000: 515 E. Arrellaga Street (APN# 027-132-013), 1417 ... (Read more)

Listing Details MLS# 22-1426

Location Info

District: 20 - SB/WEST OF STATE
Street #: 1916-1920
Street Name: Chino
State: CA
Country: US
Postal Code: 93101
Compass Map: Santa Barbara
Map Grid: N12
County: Santa Barbara
Parcel Number: 043-122-022
Cross Street: W Pedregosa St

Contract Info

Price: 2050000
Buyers Agent $/%: 2
Begin Date: 2022-05-05

Status Information

Sold Date: 2022-09-15
Under Contract Date: 2022-06-09

Property Information

Number of Units: 3
Year Built: 1973
Main House SqFt: 3142
Apx Lot SqFt: 11250
Recurring Fees: No

Remarks

Hot Sheet Comment: new

Owner Info

Deposit: 3

More Information

Unit 1

# Units: Yes
# Bedrooms: 2
# Baths: Yes
Furnished: N
Rent: 3100
Monthly Total: 9825
# Half Baths: 0

Unit 2

# Units: 2
# Bedrooms: 3
# Baths: Yes
# Half Baths: Yes
Rent: 3362.5

Neighborhood/Schools

Elementary School: Other
Junior High School: Other
High School: Other

Condition

Excellent: Yes

Proximity

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

Income/Expenses

Capitalization Rate: 3.60
Total Annual Exp: 41799
NOI: 73743

Zoning

R-2: Yes

Terms

Cash: Yes
Conventional: Yes

Listing Type

ER: Yes

Property Features

Condition: Excellent Proximity: Near Bus; Near Park(s); Near School(s) Zoning: R-2 Terms: Cash; Conventional Listing Type: ER

Listing Office: Radius Group Commercial R.E.

Last Updated: April - 24 - 2025

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