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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: Active
Current Price: $2,975,000 List Date: 3/08/2024 Last Modified: 3/08/2024

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: Active

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: March - 08 - 2024
2011 Oak Avenue, SANTA BARBARA, CA 93101- MLS# 24-733
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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