2119 De La Vina Street, SANTA BARBARA, CA 93105 (MLS# 21-4186)

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2119 De La Vina Street, SANTA BARBARA, CA 93105

$4,190,000

Virtual Tour

www.2119DeLaVina.com

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: 9/15/2024

Overview

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

Listing Details MLS# 21-4186

Location Info

District: 20 - SB/WEST OF STATE
Street #: 2119
Street Name: De La Vina
Street Suffix: Street
State: CA
Country: US
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

Price: 4190000
Buyers Agent $/%: 2.5
Begin Date: 2021-11-18

Status Information

Sold Date: 2022-01-28
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

Remarks

COVID Showing Remarks: Wear a mask. Obey all health guidelines.
Hot Sheet Comment: new

Owner Info

Deposit: 3

More Information

Miscellaneous

Parking Spaces: 8

Unit 1

# Units: 8
# Bedrooms: 2
# Baths: Yes
Furnished: N
Rent: 2189
Monthly Total: 17510
# Half Baths: 0

Meters

Sep Meter Elec: Y
Sep Meter Gas: Yes

Parking Info

Total # Carport Spaces: 8

Neighborhood/Schools

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

Condition

Good: Yes

Foundation

Slab: Yes

Proximity

Near Bus: Yes
Near Hospital: Yes
Near Park(s): Yes
Near Shopping: Yes

Laundry

Bldg: Yes

Amenities

Gas Stove: Yes

Income/Expenses

Total Monthly Income: 17510
Annual Income: 210120
Gross Rent Multiplr: 19.9
Capitalization Rate: 3.05
Actual: Yes
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

Heating

Wall: Yes

Zoning

Other: Yes

Reports Available

Other: Yes

Terms

Cash: Yes
Conventional: Yes

Listing Type

ER: Yes

Flr/Wdw Coverings

Wood/Laminate: Yes
Tile: Yes

Pub Listing Details

Probate/Court: Yes

Owner Provides

Water: Yes
Trash: Yes

Property Features

Condition: Good Foundation: Slab Proximity: Near Bus; Near Hospital; Near Park(s); Near Shopping Laundry: Bldg Amenities: Gas Stove Heating: Wall Owner Provides: Water; Trash Zoning: Other Reports Available: Other Terms: Cash; Conventional Listing Type: ER Pub Listing Details: Probate/Court

Documents

Unbranded Proforma ›

Listing Office: Santa Barbara Estates

Last Updated: September - 15 - 2024

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