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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

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 two separate parcels: 234 S Voluntario ( APN#017-252-024) & 1015 Hutash Street (APN#017-252-016).

More Information MLS# 23-3730

Location Info

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

Contract Info

Buyers Agent $/%: 1.5 Current Price: $9,350,000 Price: 9350000 Begin Date: 2023-12-21 Status: Closed

Property Information

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

Neighborhood/Schools

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

Owner Info

Deposit: 3

Remarks

Hot Sheet Comment: new

Condition

Good: 1

Miscellaneous

Parking Spaces: 21

Proximity

Near Bus: 1 Near Ocean: 1 Near Park(s): 1 Near School(s): 1 Near Shopping: 1

Laundry

Bldg: 1

Unit 1

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

Income/Expenses

Total Monthly Income: 70130 Annual Income: 841560

Unit 2

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

Zoning

R-3: 1

Terms

Cash: 1 Conventional: 1

Listing Type

ER: 1

Unit 3

# Units: 1 # Bedrooms: 2 # Baths: 1 Rent: 3695 Monthly Total: 3695

Unit 4

# Units: 1 # Bedrooms: 2 # Baths: 1 Rent: 2325 Monthly Total: 2325

Meters

Sep Meter Elec: Y

Parking Info

Outside: 1

Flr/Wdw Coverings

Wood/Laminate: 1 Tile: 1 Stone: 1

Status Information

Sold Date: 2023-12-21 Sold Price: $9,350,000 Under Contract Date: 2023-12-21

NeighborhoodSchools

Neighborhood: 15 - Lower Eastside

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.
IDX
Last Updated: September - 15 - 2024
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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