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
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
Country: US
Compass Map: Santa Barbara
Map Grid: O12
Cross Street: De La Vina St.
District: 20 - SB/WEST OF STATE
Street #: 215
Dir: W
Street Name: Arrellaga
Street Suffix: Street
State: CA
Postal Code: 93101
County: Santa Barbara
Parcel Number: 027-221-004
Contract Info
Buyers Agent $/%: 2.5
Current Price: $3,700,000
Price: 3900000
Begin Date: 2018-02-02
Status: Closed
Property Information
Year Built: 1968
Recurring Fees: No
Number of Units: 10
Neighborhood/Schools
Elementary School: Other
Junior High School: Other
High School: Other
Owner Info
Deposit: 0
Remarks
Hot Sheet Comment: new
Laundry
Other: 1
Amenities
Patio: 1
Unit 1
# Units: 6
# Bedrooms: 1
# Baths: 1
# Half Baths: 0
Furnished: N
Rent: 1500
Monthly Total: 8925
Income/Expenses
Gross Rent Multiplr: 18.72
Capitalization Rate: 3.4
NOI: $132,791
Unit 2
# Units: 4
# Bedrooms: 2
# Baths: 1
# Half Baths: 0
Furnished: N
Rent: 2150
Monthly Total: 8700
Zoning
Other: 1
Reports Available
Pest Inspection: 1
Roof: 1
Terms
OTHER/CLA: 1
Listing Type
ER: 1
Parking Info
Carport: 1
Outside: 1
Total # Carport Spaces: 10
Total # Unconvered Spaces: 2
Status Information
Sold Date: 2018-04-17
Sold Price: $3,700,000
Under Contract Date: 2018-02-15
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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