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$3,900,000
215 W Arrellaga St
SANTA BARBARA, CA 93101
MLS# 18-385
Status: Closed



215 W Arrellaga St, SANTA BARBARA, CA 93101
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215 W Arrellaga St, SANTA BARBARA, CA 93101 215 W Arrellaga St, SANTA BARBARA, CA 93101 215 W Arrellaga St, SANTA BARBARA, CA 93101 215 W Arrellaga St, SANTA BARBARA, CA 93101 215 W Arrellaga St, SANTA BARBARA, CA 93101 215 W Arrellaga St, SANTA BARBARA, CA 93101 215 W Arrellaga St, SANTA BARBARA, CA 93101 215 W Arrellaga St, SANTA BARBARA, CA 93101

Property Description
FIRST TIME ON THE MARKET IN 50 YEARS! Beautiful Mid-century apartment complex situated in Oak Park. Consists of 10 spacious units: (6) 1BD/1BA, ±740 SF and (4) 2BD/1BA units, ±920 SF. There are (3) 1BD/1BA units upstairs with large private balconies off the living room and (3) downstairs 1BD/1BA units with private patios off the living room. The upper (4) two bedroom units include glass sliders to the balconies off of the living room and one off the bedroom. The apartments have 9’ ceilings, upper units have open beam ceilings, wonderful oversized windows and doors, lots of storage and a gated entry to each unit for extra privacy. The grounds also feature a common courtyard, common laundry room and mature landscaping. Do not disturb tenants. Seller to review offers after Feb. 9, 2018.

Details
Maps
Location Info
District: 20 - SB/WEST OF STATE
Street #: 215
Dir: W
Street Name: Arrellaga
Street Suffix: St
State/Province: CA
Postal Code: 93101
Compass Map: Santa Barbara
Map Grid: O12
County: Santa Barbara
Parcel Number: 027-221-004
Cross Street: De La Vina St.
Contract Info
Current Price: $3,700,000
Price: 3900000
Begin Date: 2018-02-02
Status: Closed
Status Information
Sold Date: 2018-04-17
Sold Price: $3,700,000
Under Contract Date: 2018-02-15
Property Information
Number of Units: 10
Year Built: 1968
Recurring Fees: No
Neighborhood/Schools
Elementary School: Other
Junior High School: Other
High School: Other
Remarks
Hot Sheet Comment: new
Unit 1
# Units: 6
# Bedrooms: 1
# Baths: 1
Furnished: N
Rent: 1500
Monthly Total: 8925
Unit 2
# Units: 4
# Bedrooms: 2
# Baths: 1
Furnished: N
Rent: 2150
Monthly Total: 8700
Income/Expenses
Gross Rent Multiplr: 18.72
Capitalization Rate: 3.4
NOI: $132,791
Parking Info
Total # Carport Spaces: 10
Total # Unconvered Spaces: 2
Property Features
Parking Info: Carport; Uncovered
Laundry: Other
Amenities: Patio
Zoning: Other
Reports Available: Pest Inspection; Roof
Terms: OTHER/CLA
Listing Type: ER

Listing Office: Radius Group Commercial R.E.

Last Updated: November - 04 - 2020

215 W Arrellaga St, SANTA BARBARA, CA 93101 - MLS# 18-385

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