2011 Oak Avenue, SANTA BARBARA, CA 93101
$2,750,000
Property Type:
Res Inc
Square Footage:
4,218
Lot Size (sq. ft.):
9,583
Status:
Closed
Current Price:
$2,750,000
List Date:
3/08/2024
Last Modified:
9/15/2024
Description
Located at the end of a quiet cul-de-sac in
Santa Barbara's burgeoning Westside neighborhood, sits 2011 Oak Avenue. This ±4,218 SF Multifamily property features (8) 1 bedroom/1 bathroom units boasting spacious floor plans and private entrances, each flowing with an abundance of natural light. Upstairs units are peaked with cathedral ceilings and offer fireplaces and breathless mountain views. Tenants enjoy the ease of a recently paved 14-space parking lot, beautiful landscaping and convenient on-site laundry. The building has been very well maintained over the course of its longtime ownership. Current rents for these units
are below market, offering an investor a fantastic opportunity for upside.
More Information MLS# 24-733
Location Info
Country: US
Compass Map: Santa Barbara
Map Grid: N12
Cross Street: Modoc
District: 20 - SB/WEST OF STATE
Street #: 2011
Street Name: Oak
Street Suffix: Avenue
State: CA
Postal Code: 93101
County: Santa Barbara
Parcel Number: 049-092-016
Property Information
Year Built: 1973
Apx Lot SqFt: 9583
Main House SqFt: 4218
Recurring Fees: No
Number of Units: 8
Neighborhood/Schools
Elementary School: Adams
Junior High School: LaCumbre
High School: San Marcos
Owner Info
Deposit: 3
Remarks
Hot Sheet Comment: new
Condition
Good: 1
Miscellaneous
Parking Spaces: 14
Proximity
Near Bus: 1
Near Ocean: 1
Near Park(s): 1
Near School(s): 1
Near Shopping: 1
Laundry
Laundry Room: 1
Unit 1
# Units: 8
# Bedrooms: 1
# Baths: 1
# Half Baths: 0
Furnished: N
Rent: 14708
Monthly Total: 14708
Income/Expenses
Total Monthly Income: 14708
Annual Income: 176500
Zoning
Other: 1
Reports Available
Pest Inspection: 1
Prelim: 1
Roof: 1
Terms
Cash: 1
Conventional: 1
Listing Type
ER: 1
Contract Info
Current Price: $2,750,000
Price: 2975000
Begin Date: 2024-03-08
Status: Closed
Status Information
Sold Date: 2024-09-04
Sold Price: $2,750,000
Under Contract Date: 2024-05-17
Property Features
Condition: Good
Proximity: Near Bus; Near Ocean; Near Park(s); Near School(s); Near Shopping
Laundry: Laundry Room
Zoning: Other
Reports Available: Pest Inspection; Prelim; Roof
Terms: Cash; Conventional
Listing Type: ER
Listing Office:
Radius Group Commercial R.E.
Last Updated: September - 15 - 2024
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