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1917 Bath Street, SANTA BARBARA, CA 93101

$2,850,000
Property Type: Res Inc Square Footage: 1,567 Lot Size (sq. ft.): 6,969 Status: Closed
Current Price: $2,850,000 List Date: 3/13/2023 Last Modified: 6/06/2023

Description

Incredible opportunity to own 3 units in downtown Santa Barbara. Spectacular craftsman style 3 bed 2 bath single level main home of 1,567 sq ft (current rent $5,050) could be the perfect owner's unit. In addition, this property includes a two-bedroom 1 bath upstairs unit (current rent $3,300) and a very private single level studio (current rent $2,100) all on a 6,900 sq ft lot with 3 one car garages. All three units have been nicely upgraded and include working fireplaces, hardwood floors, coved ceilings and in unit laundry. Main home enjoys 9-foot ceilings, formal dining area with coffered ceilings and built in cabinets, wood floors throughout, sunroom, recessed lighting, a huge attic space and so much more. Live here and rent the two back units!

Supplements: The rear building is a beautiful 2 bed one bath upstairs unit with coved ceilings, wood floors, outdoor balcony with Mountain views, a big kitchen with separate eating area, fireplace and in unit laundry. Below is a separate studio apartment with small office, murphy bed, hardwood floors, coved ceilings, fireplace, and in unit laundry. Call listing agent for additional rental information. Three extremely charming homes in a very convenient downtown location.

More Information MLS# 23-656

Location Info

District: 20 - SB/WEST OF STATE Street #: 1917 Street Name: Bath Street Suffix: Street State/Province: CA Postal Code: 93101 Compass Map: Santa Barbara Map Grid: N12 County: Santa Barbara Parcel Number: 025-352-011 Cross Street: Pedregosa Walk Score: 71 Bike Score: 99

Contract Info

Current Price: $2,850,000 Price: 2800000 Financing: CTNL Buyers Agent $/%: 2.5 Begin Date: 2023-03-13 Status: Closed

Status Information

Sold Date: 2023-06-06 Sold Price: $2,850,000 Under Contract Date: 2023-05-09

Property Information

Number of Units: 3 Year Built: 1917 Main House SqFt: 1567 Other Structures SqFt: 1411 Apx Lot Size FxD: 50X140 Apx # Acres: 0.16 Apx Lot SqFt: 6969 Recurring Fees: No

Neighborhood/Schools

Neighborhood: 15 or 20 - Downtown Elementary School: Peabody Junior High School: S.B. Jr. High School: S.B. Sr.

Remarks

Hot Sheet Comment: new

Owner Info

Deposit: 3

Miscellaneous

Parking Spaces: 3 # Refrigerators: 3 # Stoves: 3

Unit 1

# Units: 1 # Bedrooms: 3 # Baths: 2 Furnished: N Rent: 5050 Monthly Total: 5050

Unit 2

# Units: 2 # Bedrooms: 2 # Baths: 1 Rent: 3300 Monthly Total: 3300

Unit 3

# Units: 3 # Baths: 1 Rent: 2100 Monthly Total: 2100

Income/Expenses

Total Monthly Income: 10540 Annual Income: 125400 Gross Rent Multiplr: 21.66 Capitalization Rate: 3.27 Insurance: 3074 Water Expense: 3342 Total Monthly Exp: 3385 Total Annual Exp: 40621 NOI: 91,649

Meters

Sep Meter Wtr: Y Sep Meter Elec: Y Sep Meter Gas: Yes

Parking Info

Total # Garage Spaces: 3

Property Features

Condition: Excellent Foundation: Raised; Mixed Parking Info: Gar #3; Attached; Detached Proximity: Near Bus; Near Hospital; Near Ocean; Near Park(s); Near School(s); Near Shopping Laundry: In Unit Amenities: Fireplace; Ovens/Bltin; Washer; Dryer; Refrigerator; Fncd Prt Flr/Wdw Coverings: Hardwood; Tile; Wnd/Cv Prt Security: Smoke Detector(s) Heating/Cooling: GFA; Ceiling Fan(s) Zoning: Other Reports Available: Prelim; NHD Exchange: No Terms: Cash Listing Type: ER
Listing Office: Berkshire Hathaway HomeServices California Properties
Last Updated: June - 06 - 2023
1917 Bath Street, SANTA BARBARA, CA 93101- MLS# 23-656
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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