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.
Last Updated: September - 15 - 2024
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