2011 Oak Avenue, SANTA BARBARA, CA 93101
$2,975,000
Property Type:
Res Inc
Square Footage:
4,218
Lot Size (sq. ft.):
9,583
Status:
Pending
Current Price:
$2,975,000
List Date:
3/08/2024
Last Modified:
5/17/2024
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
District: 20 - SB/WEST OF STATE
Street #: 2011
Street Name: Oak
Street Suffix: Avenue
State/Province: CA
Postal Code: 93101
Compass Map: Santa Barbara
Map Grid: N12
County: Santa Barbara
Parcel Number: 049-092-016
Cross Street: Modoc
Contract Info
Current Price: $2,975,000
Price: 2975000
Buyers Agent $/%: 2.25
Begin Date: 2024-03-08
Status: Pending
Status Information
Under Contract Date: 2024-05-17
Property Information
Number of Units: 8
Year Built: 1973
Main House SqFt: 4218
Apx Lot SqFt: 9583
Recurring Fees: No
Neighborhood/Schools
Elementary School: Adams
Junior High School: LaCumbre
High School: San Marcos
Remarks
Hot Sheet Comment: new
Owner Info
Deposit: 3
Miscellaneous
Parking Spaces: 14
Unit 1
# Units: 8
# Bedrooms: 1
# Baths: 1
Furnished: N
Rent: 14708
Monthly Total: 14708
Income/Expenses
Total Monthly Income: 14708
Annual Income: 176500
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; Ctnl
Listing Type: ER
Listing Office: Radius Group Commercial R.E.
Last Updated: May - 17 - 2024
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