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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: 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
234 S Voluntario & 1015 Hutash St Street, SANTA BARBARA, CA 93103- MLS# 23-3730
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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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