234 S Voluntario & 1015 Hutash St Street, SANTA BARBARA, CA 93103 (MLS# 23-3730)

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234 S Voluntario & 1015 Hutash St Street, SANTA BARBARA, CA 93103

$9,350,000

Property Type: Res Inc Lot Size (sq. ft.): 28,314 Status: Closed

Current Price: $9,350,000 List Date: 12/21/2023 Last Modified: 9/15/2024

Overview

Description

***FOR STATISTICAL PURPOSES ONLY*** Beachwalk Apartments sits on two separate parcels and offers a rare and unique unit mix. The property boasts two buildings consisting of (4) 3 bed/1.5 bath, (14) 2 bed/1.5 bath townhouse-style, (1) 2 bed/1 bath and (1) 1 bed/1bath extremely spacious apartments. Eleven units have been fully remodeled with modern amenities and finishes including laminate flooring and upgraded kitchens with granite countertops, new cabinetry and energy efficient appliances. Five units have received a partial remodel, while the remaining four units have been well maintained, offering the new Owner the possibility to put their finishing touches on them. Tenants enjoy the convenience and ease of off-street parking as well as the onsite coin operated washers and dryers.

Supplements: The asset is centrally located in Santa Barbara's bustling Eastside neighborhood and is within minutes of shopping, dining, entertainment and the US 101 Freeway. Beachwalk Apartments offers investors a prime opportunity to acquire a turnkey property in the heart of Santa Barbara. Current loan is assumable. The property comprises two addresses and ... (Read more)

Listing Details MLS# 23-3730

Location Info

District: 15 - SB/EAST OF STATE
Street #: 234
Dir: S
Street Name: Voluntario & 1015 Hutash St
Street Suffix: Street
State: CA
Country: US
Postal Code: 93103
Compass Map: Santa Barbara
Map Grid: Q12
County: Santa Barbara
Parcel Number: 017-252-024
Cross Street: Hutash Street

Contract Info

Price: 9350000
Buyers Agent $/%: 1.5
Begin Date: 2023-12-21

Status Information

Sold Date: 2023-12-21
Under Contract Date: 2023-12-21

Property Information

Number of Units: 20
Year Built: 1972
Apx Lot SqFt: 28314
Recurring Fees: No

NeighborhoodSchools

Neighborhood: 15 - Lower Eastside

Remarks

Hot Sheet Comment: new

More Information

Owner Info

Deposit: 3

Miscellaneous

Parking Spaces: 21

Unit 1

# Units: 4
# Bedrooms: 3
# Baths: 2
Furnished: N
Rent: 13860
Monthly Total: 13860
# Half Baths: 0

Unit 2

# Units: 14
# Bedrooms: 2
# Baths: 2
Rent: 43128
Monthly Total: 43128

Unit 3

# Units: Yes
# Bedrooms: 2
# Baths: Yes
Rent: 3695
Monthly Total: 3695

Unit 4

# Units: Yes
# Bedrooms: 2
# Baths: Yes
Rent: 2325
Monthly Total: 2325

Meters

Sep Meter Elec: Y

Neighborhood/Schools

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

Condition

Good: Yes

Proximity

Near Bus: Yes
Near Ocean: Yes
Near Park(s): Yes
Near School(s): Yes
Near Shopping: Yes

Laundry

Bldg: Yes

Income/Expenses

Total Monthly Income: 70130
Annual Income: 841560

Zoning

R-3: Yes

Terms

Cash: Yes
Conventional: Yes

Listing Type

ER: Yes

Parking Info

Outside: Yes

Flr/Wdw Coverings

Wood/Laminate: Yes
Tile: Yes
Stone: Yes

Property Features

Condition: Good Parking Info: Outside Proximity: Near Bus; Near Ocean; Near Park(s); Near School(s); Near Shopping Laundry: Bldg Zoning: R-3 Terms: Cash; Conventional Listing Type: ER

Listing Office: Radius Group Commercial R.E.

Last Updated: September - 15 - 2024

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