2016-2018 Bath Street, SANTA BARBARA, CA 93105 (MLS# 24-2302)

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2016-2018 Bath Street, SANTA BARBARA, CA 93105

$3,266,310

Property Type: Res Inc Status: Closed

Current Price: $3,266,310 List Date: 7/12/2024 Last Modified: 4/09/2025

Overview

Description

*Neighboring Property also for sale!* Owned and loved by the same owner for over 4 decades! Conveniently nestled near Mission Street, Cottage Hospital and Downtown, 2016-2018 Bath Street presents a hidden gem in Santa Barbara. This compound-style property boasts 7 residential dwellings comprising a total of 8 units, offering a versatile unit mix of (4) 2-bedroom, 1-bath units and (4) 1-bedroom, 1-bath units. Units feature private patios adorned with mature trees and lush landscaping, providing a serene retreat in the heart of the city. Six garages, with leases, currently being utilized as storage, provide additional income potential. 2016 Bath Street will be delivered vacant. All offers are subject to inspection.

Listing Details MLS# 24-2302

Location Info

District: 20 - SB/WEST OF STATE
Street #: 2016-2018
Street Name: Bath
Street Suffix: Street
State: CA
Country: US
Postal Code: 93105
Compass Map: Santa Barbara
Map Grid: N12
County: Santa Barbara
Parcel Number: 025-301-021
Cross Street: W Mission Street

Contract Info

Price: 3650000
Begin Date: 2024-07-12

Status Information

Sold Date: 2024-10-18
Under Contract Date: 2024-08-15

Property Information

Number of Units: 8
Stories: Yes
Year Built: 1915
Recurring Fees: No

Remarks

Hot Sheet Comment: new

Owner Info

Deposit: 3

More Information

Miscellaneous

Parking Spaces: 9

Unit 1

# Units: 4
# Bedrooms: 2
# Baths: Yes
Furnished: N
Rent: 11098
Monthly Total: 11098
# Half Baths: 0

Unit 2

# Units: 4
# Bedrooms: Yes
# Baths: Yes
Rent: 8743

Neighborhood/Schools

Elementary School: Peabody
Junior High School: S.B. Jr.
High School: S.B. Sr.

Proximity

Near Hospital: Yes

Income/Expenses

Total Monthly Income: 21616
Other Income: 21300
Annual Income: 259392
Capitalization Rate: 4.45
Taxes: 42296
Water Expense: 6485
Electric Expense: 210
Gas Expense: 945
Trash Expense: 6060
Maintenance Expense: 7500
Total Annual Exp: 92166
NOI: 162464

Zoning

R-3: Yes

Terms

Cash: Yes
Conventional: Yes

Listing Type

EA: Yes

Property Features

Proximity: Near Hospital Zoning: R-3 Terms: Cash; Conventional Listing Type: EA

Documents

Termite Report ›

Physical Inspection ›

Preliminary Report ›

Listing Office: Radius Group Commercial R.E.

Last Updated: April - 09 - 2025

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.