2015 Castillo Street, SANTA BARBARA, CA 93105
$2,775,000
Property Type:
Res Inc
Lot Size (sq. ft.):
8,276
Status:
Closed
Current Price:
$2,775,000
List Date:
8/04/2020
Last Modified:
9/26/2022
Description
This rare 6 unit apartment building is nestled within one of the most coveted areas of Santa Barbara. Just 3 blocks from Cottage Hospital in a quiet location, just blocks away from amenities such as daily Grind, Mission Ice Cream, Cajun Kitchen and Handlebar Coffee, the building provides a peaceful setting with easy access to everything one could hope for in Santa Barbara. The units are all 2 bedroom, one bath, and have been extensively upgraded by ownership. The building is consistently leased up with little vacancy, with strong demand coming from young professionals and Cottage Hospital employees.
One of the apartments has a washer and dryer inside the unit. Other units share an access to the common laundry area- coin and smartphone operated.
More Information MLS# 20-1921
Location Info
District: 20 - SB/WEST OF STATE
Street #: 2015
Street Name: Castillo
Street Suffix: Street
State/Province: CA
Postal Code: 93105
Compass Map: Santa Barbara
Map Grid: N12
County: Santa Barbara
Parcel Number: 025-291-010
Cross Street: W Mission Street
Contract Info
Current Price: $2,775,000
Price: 2795000
Buyers Agent $/%: 2
Begin Date: 2020-05-28
Status: Closed
Status Information
Sold Date: 2021-02-01
Sold Price: $2,775,000
Under Contract Date: 2020-12-01
Property Information
Number of Units: 6
Year Built: 1965
Apx Lot SqFt: 8276
Recurring Fees: No
Neighborhood/Schools
Elementary School: Peabody
Junior High School: S.B. Jr.
High School: S.B. Sr.
Remarks
Hot Sheet Comment: price
Owner Info
Deposit: 3
Miscellaneous
Parking Spaces: 9
# Refrigerators: 6
# Stoves: 6
Unit 1
# Units: 6
# Bedrooms: 2
# Baths: 1
Furnished: N
Rent: 15495
Monthly Total: 15495
Income/Expenses
Gross Rent Multiplr: 15.27
Capitalization Rate: 4.18
Parking Info
Total # Unconvered Spaces: 9
Property Features
Condition: Excellent
Proximity: Near Bus; Near Hospital; Near Park(s); Near Shopping
Laundry: In Unit; Bldg
Zoning: Other
Terms: Cash; Ctnl
Listing Type: ER
Contingent Remarks: CONTACT AGENT; LOAN APPROVAL; REPORTS
Documents
Listing Office: Radius Group Commercial R.E.
Last Updated: September - 26 - 2022
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