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
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