2390 Banner Avenue, SUMMERLAND, CA 93067 (MLS# 24-2622)

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2390 Banner Avenue, SUMMERLAND, CA 93067

$2,750,000

Property Type: Res Inc Lot Size (sq. ft.): 12,197 Status: Closed

Current Price: $2,750,000 List Date: 8/08/2024 Last Modified: 9/26/2024

Overview

Description

Discover an exceptional 9-unit property in the highly sought-after coastal zone of Summerland, offering an unparalleled investment opportunity with stunning south-facing ocean views from every unit. This distinctive property includes: Six Spacious Two-Bedroom, One-Bath Units: Each featuring open floor plans that maximize natural light and breathtaking ocean vistas with decks for entertaining. Two Charming One-Bedroom Units: Both with delightful private patios, perfect for relaxing and enjoying the serene surroundings. One Cozy Studio: Complete with its own private patio, adding to the property's diverse living options. Residents and guests will appreciate the ample parking provided by 13 uncovered spaces, and the shared common laundry area enhances convenience.

Supplements: Centrally located, this property is just a short stroll from downtown Summerland's vibrant restaurants, boutique shops, and the pristine Summerland Beach. This investment opportunity boasts incredible upside potential and will be delivered with tenants in place, ensuring immediate rental income. Don't miss out on owning a prime piece of coastal rea ... (Read more)

Listing Details MLS# 24-2622

Location Info

District: 05 - CARPINTERIA-SUMMERLAND
Street #: 2390
Street Name: Banner
Street Suffix: Avenue
State: CA
Country: US
Postal Code: 93067
Compass Map: Santa Barbara
Map Grid: V12
County: Santa Barbara
Parcel Number: 005-149-010
Cross Street: Valencia Road

Contract Info

Price: 3000000
Seller Consider Concessions: Yes
Begin Date: 2024-08-08

Status Information

Sold Date: 2024-09-26
Under Contract Date: 2024-08-20

Property Information

Number of Units: 9
Apx # Acres: 0.28
Recurring Fees: No
Year Built: 0

NeighborhoodSchools

Neighborhood: 05 - Summerland

Remarks

Hot Sheet Comment: new

More Information

Owner Info

Deposit: 3

Miscellaneous

Parking Spaces: 13
# Refrigerators: 9
# Stoves: 9

Unit 1

# Units: 9
# Bedrooms: 14
# Baths: 9
Furnished: N
Rent: 15860
Monthly Total: 15860
# Half Baths: 0

Meters

Sep Meter Elec: Y
Sep Meter Gas: Yes

Parking Info

Total # Unconvered Spaces: 13

Neighborhood/Schools

Elementary School: Summerland
Junior High School: Carp. Jr.
High School: Carp. Sr.

Condition

Average: Yes

Foundation

Raised: Yes
Mixed: Yes

Proximity

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

Laundry

Laundry Room: Yes

Income/Expenses

Total Monthly Income: 15860
Annual Income: 190320
Gross Rent Multiplr: 15.76
Estimated: Yes

Heating

Heat Other: Yes

Pets

Yes: Yes

Zoning

Other: Yes

Reports Available

TDS: Yes
Prelim: Yes
Leases: Yes
NHD: Yes

Terms

Cash: Yes
Conventional: Yes

Listing Type

ER: Yes

Flr/Wdw Coverings

Carpet: Yes
Tile: Yes
Other: Yes

Contingent Remarks

SUBJ 2 INSPECT: Yes

Owner Provides

Water: Yes
Trash: Yes
Other: Yes

Property Features

Condition: Average Foundation: Raised; Mixed Proximity: Near Bus; Near Ocean; Near Park(s); Near School(s); Near Shopping Laundry: Laundry Room Heating: Heat Other Pets: Yes Owner Provides: Water; Trash; Other Zoning: Other Reports Available: TDS; Prelim; Leases; NHD Terms: Cash; Conventional Listing Type: ER Contingent Remarks: SUBJ 2 INSPECT

Listing Office: Village Properties

Last Updated: September - 26 - 2024

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