215 W Arrellaga Street, SANTA BARBARA, CA 93101 (MLS# 18-385)

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215 W Arrellaga Street, SANTA BARBARA, CA 93101

$3,700,000

Property Type: Res Inc Status: Closed

Current Price: $3,700,000 List Date: 2/02/2018 Last Modified: 9/15/2024

Overview

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.

Listing Details MLS# 18-385

Location Info

District: 20 - SB/WEST OF STATE
Street #: 215
Dir: W
Street Name: Arrellaga
Street Suffix: Street
State: CA
Country: US
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

Price: 3900000
Buyers Agent $/%: 2.5
Begin Date: 2018-02-02

Status Information

Sold Date: 2018-04-17
Under Contract Date: 2018-02-15

Property Information

Number of Units: 10
Year Built: 1968
Recurring Fees: No

Remarks

Hot Sheet Comment: new

Unit 1

# Units: 6
# Bedrooms: Yes
# Baths: Yes
Furnished: N
Rent: 1500
Monthly Total: 8925
# Half Baths: 0

More Information

Unit 2

# Units: 4
# Bedrooms: 2
# Baths: Yes
Furnished: N
Rent: 2150
Monthly Total: 8700
# Half Baths: 0

Parking Info

Total # Carport Spaces: 10
Total # Unconvered Spaces: 2
Carport: Yes
Outside: Yes

Neighborhood/Schools

Elementary School: Other
Junior High School: Other
High School: Other

Owner Info

Deposit: 0

Laundry

Other: Yes

Amenities

Patio: Yes

Income/Expenses

Gross Rent Multiplr: 18.72
Capitalization Rate: 3.4
NOI: $132,791

Zoning

Other: Yes

Reports Available

Pest Inspection: Yes
Roof: Yes

Terms

OTHER/CLA: Yes

Listing Type

ER: Yes

Property Features

Parking Info: Carport; Carport; Outside 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: September - 15 - 2024

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