Search Results For: 20 - Sb/west Of State
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215 W Arrellaga Street, SANTA BARBARA, CA 93101

$3,900,000
Property Type: Res Inc Status: Closed
Current Price: $3,700,000 List Date: 2/02/2018 Last Modified: 4/17/2019

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.

More Information MLS# 18-385

Location Info

District: 20 - SB/WEST OF STATE Street #: 215 Dir: W Street Name: Arrellaga Street Suffix: Street 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 Buyers Agent $/%: 2.5 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: April - 17 - 2019
215 W Arrellaga Street, SANTA BARBARA, CA 93101- MLS# 18-385
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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.

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