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:
12/21/2023
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
District: 15 - SB/EAST OF STATE
Street #: 234
Dir: S
Street Name: Voluntario & 1015 Hutash St
Street Suffix: Street
State/Province: CA
Postal Code: 93103
Compass Map: Santa Barbara
Map Grid: Q12
County: Santa Barbara
Parcel Number: 017-252-024
Cross Street: Hutash Street
Contract Info
Current Price: $9,350,000
Price: 9350000
Buyers Agent $/%: 1.5
Begin Date: 2023-12-21
Status: Closed
Status Information
Sold Date: 2023-12-21
Sold Price: $9,350,000
Under Contract Date: 2023-12-21
Property Information
Number of Units: 20
Year Built: 1972
Apx Lot SqFt: 28314
Recurring Fees: No
Neighborhood/Schools
Neighborhood: 15 - Lower Eastside
Elementary School: Cleveland
Junior High School: S.B. Jr.
High School: S.B. Sr.
Remarks
Hot Sheet Comment: new
Owner Info
Deposit: 3
Miscellaneous
Parking Spaces: 21
Unit 1
# Units: 4
# Bedrooms: 3
# Baths: 2
Furnished: N
Rent: 13860
Monthly Total: 13860
Unit 2
# Units: 14
# Bedrooms: 2
# Baths: 2
Rent: 43128
Monthly Total: 43128
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
Income/Expenses
Total Monthly Income: 70130
Annual Income: 841560
Meters
Sep Meter Elec: Y
Property Features
Condition: Good
Parking Info: Uncovered
Proximity: Near Bus; Near Ocean; Near Park(s); Near School(s); Near Shopping
Laundry: Bldg
Flr/Wdw Coverings: Wood/Laminate; Tile; Stone
Zoning: R-3
Terms: Cash; Ctnl
Listing Type: ER
Listing Office: Radius Group Commercial R.E.
Last Updated: December - 21 - 2023
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