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
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.
More Information MLS# 24-2302
Location Info
Country: US
Compass Map: Santa Barbara
Map Grid: N12
Cross Street: W Mission Street
District: 20 - SB/WEST OF STATE
Street #: 2016-2018
Street Name: Bath
Street Suffix: Street
State: CA
Postal Code: 93105
County: Santa Barbara
Parcel Number: 025-301-021
Property Information
Year Built: 1915
Stories: 1
Recurring Fees: No
Number of Units: 8
Neighborhood/Schools
Elementary School: Peabody
Junior High School: S.B. Jr.
High School: S.B. Sr.
Owner Info
Deposit: 3
Remarks
Hot Sheet Comment: new
Miscellaneous
Parking Spaces: 9
Proximity
Near Hospital: 1
Unit 1
# Units: 4
# Bedrooms: 2
# Baths: 1
# Half Baths: 0
Furnished: N
Rent: 11098
Monthly Total: 11098
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
Unit 2
# Units: 4
# Bedrooms: 1
# Baths: 1
Rent: 8743
Zoning
R-3: 1
Terms
Cash: 1
Conventional: 1
Listing Type
EA: 1
Contract Info
Current Price: $3,266,310
Price: 3650000
Begin Date: 2024-07-12
Status: Closed
Status Information
Sold Date: 2024-10-18
Sold Price: $3,266,310
Under Contract Date: 2024-08-15
Property Features
Proximity: Near Hospital
Zoning: R-3
Terms: Cash; Conventional
Listing Type: EA
Termite Report ›
Listing Office:
Radius Group Commercial R.E.
Last Updated: April - 09 - 2025
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