234 S Voluntario Street, SANTA BARBARA, CA 93103
$5,725,000
Property Type:
Res Inc
Lot Size (sq. ft.):
28,314
Status:
Closed
Current Price:
$5,725,000
List Date:
9/24/2015
Last Modified:
4/18/2019
Description
New Listing! 20 Units with excellent cash flow & high rate of return! Actual GRM: 12.97 (Market GRM: 11.93). Actual Cap Rate: 4.87% (Market Cap Rate: 5.48%). Offering consists of 2 buildings on 2 parcels. Built in 1966 & 1972. Unit Mix: 4(3BD/1.5BA), 14(2BD/1.5BA Townhouse-Style), 1(2BD/1.5BA), & 1(1BD/1BA). Amenities include onsite laundry & parking. In Total, there are 21 open parking spaces.
More Information MLS# 15-3222
Location Info
District: 15 - SB/EAST OF STATE
Street #: 234
Dir: S
Street Name: Voluntario
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: Indio Muerto Street
Contract Info
Current Price: $5,725,000
Price: 5750000
Buyers Agent $/%: 2
Begin Date: 2015-09-24
Status: Closed
Status Information
Sold Date: 2016-01-14
Sold Price: $5,725,000
Under Contract Date: 2015-11-04
Property Information
Number of Units: 20
Stories: 2
Year Built: 1972
Apx # Acres: 0.65
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: 150000
Miscellaneous
Parking Spaces: 21
Unit 1
# Units: 4
# Bedrooms: 3
# Baths: 1
# Half Baths: 1
Furnished: N
Rent: 2210
Monthly Total: 8835
Unit 2
# Units: 14
# Bedrooms: 2
# Baths: 1
# Half Baths: 1
Furnished: N
Rent: 1760
Monthly Total: 24650
Unit 3
# Units: 1
# Bedrooms: 2
# Baths: 1
# Half Baths: 1
Furnished: N
Rent: 1875
Monthly Total: 1875
Unit 4
# Units: 1
# Bedrooms: 1
# Baths: 1
Furnished: N
Rent: 1595
Monthly Total: 1595
Income/Expenses
Total Monthly Income: 36955
Other Income: 1625
Annual Income: 462960
Gross Rent Multiplr: 12.97
Capitalization Rate: 4.87
NOI: 280037
Meters
Sep Meter Wtr: N
Sep Meter Elec: Y
Sep Meter Gas: No
Property Features
Unit 1: Lease
Unit 2: Lease
Unit 3: Lease
Unit 4: Lease
Income/Expenses: Actual
Condition: Good
Foundation: Slab
Parking Info: Uncovered; Unc #5
Proximity: Near Bus; Near Ocean; Near Park(s); Near School(s); Near Shopping
Laundry: Laundry Room
Amenities: Deck; Patio; Elec Stove; Dishwasher; Refrigerator
Flr/Wdw Coverings: Carpet; Wood/Laminate
Heating/Cooling: Elec; Ceiling Fan(s)
Owner Provides: Water; Trash
Zoning: R-3
Terms: Cash; Ctnl; Ctel
Listing Type: ER
Pub Listing Details: None
Listing Office: The Channel Group
Last Updated: April - 18 - 2019
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