2119 De La Vina Street, SANTA BARBARA, CA 93105
$4,190,000
Property Type:
Res Inc
Square Footage:
8,530
Lot Size (sq. ft.):
11,326
Status:
Closed
Current Price:
$4,190,000
List Date:
11/18/2021
Last Modified:
1/30/2022
Description
Purported 3.05% actual cap rate, 5.10% market level cap rate. $210,000 actual gross income, $302,000 market level income. Court-ordered probate sale. 8-Plex in wonderful location: Less than 3 blocks to Cottage Hospital and all of the medical district, less than 2 blocks to the restaurants and shopping of Mission Street. All units are spacious 2 bedroom/1 bathroom homes. Beautifully maintained with tasteful upgrades and lush landscaping. Individual metering for electricity and gas. 8 car ports for off-street parking, each with additional storage, plus individual storage units in the coin-operated laundry area. 8,530 square feet of building on a 0.26 acre lot. One of the cleanest, best-located apartment complexes in town. Unbranded slideshow/virtual tour at 2119DeLaVina . com
More Information MLS# 21-4186
Location Info
District: 20 - SB/WEST OF STATE
Street #: 2119
Street Name: De La Vina
Street Suffix: Street
State/Province: CA
Postal Code: 93105
Compass Map: Santa Barbara
Map Grid: N11
County: Santa Barbara
Parcel Number: 025-232-005
Cross Street: West Los Olivos
Contract Info
Current Price: $4,190,000
Price: 4190000
Buyers Agent $/%: 2.5
Begin Date: 2021-11-18
Status: Closed
Status Information
Sold Date: 2022-01-28
Sold Price: $4,190,000
Under Contract Date: 2021-11-19
Property Information
Number of Units: 8
Year Built: 1956
Main House SqFt: 8530
Apx # Acres: 0.26
Apx Lot SqFt: 11326
Recurring Fees: Yes
Neighborhood/Schools
Elementary School: Peabody
Junior High School: S.B. Jr.
High School: S.B. Sr.
Remarks
COVID Showing Remarks: Wear a mask. Obey all health guidelines.
Hot Sheet Comment: new
Owner Info
Deposit: 3
Miscellaneous
Parking Spaces: 8
Unit 1
# Units: 8
# Bedrooms: 2
# Baths: 1
Furnished: N
Rent: 2189
Monthly Total: 17510
Income/Expenses
Total Monthly Income: 17510
Annual Income: 210120
Gross Rent Multiplr: 19.9
Capitalization Rate: 3.05
Taxes: 44314
Insurance: 2727
Licenses: 752
Water Expense: 4637
Electric Expense: 465
Gas Expense: 276
Trash Expense: 6500
Maintenance Expense: 12210
Total Monthly Exp: 6858
Total Annual Exp: 82300
NOI: 127820
Meters
Sep Meter Elec: Y
Sep Meter Gas: Yes
Parking Info
Total # Carport Spaces: 8
Property Features
Income/Expenses: Actual
Condition: Good
Foundation: Slab
Proximity: Near Bus; Near Hospital; Near Park(s); Near Shopping
Laundry: Bldg
Amenities: Gas Stove
Flr/Wdw Coverings: Wood/Laminate; Tile
Heating/Cooling: Wall
Owner Provides: Water; Trash
Zoning: Other
Reports Available: Other
Terms: Cash; Ctnl
Listing Type: ER
Pub Listing Details: Probate/Court
Documents
Unbranded Proforma ›Listing Office: Santa Barbara Estates
Last Updated: January - 30 - 2022
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