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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

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 real estate with unrivaled ocean views and an exceptional location in Summerland. **** PLEASE DO NOT GO ON PROPERTY WITHOUT AN APPOINTMENT ****

More Information MLS# 24-2622

Location Info

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

Contract Info

Seller Consider Concessions: Yes Current Price: $2,750,000 Price: 3000000 Begin Date: 2024-08-08 Status: Closed

Property Information

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

Neighborhood/Schools

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

Owner Info

Deposit: 3

Remarks

Hot Sheet Comment: new

Condition

Average: 1

Foundation

Raised: 1 Mixed: 1

Miscellaneous

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

Proximity

Near Bus: 1 Near Ocean: 1 Near Park(s): 1 Near School(s): 1 Near Shopping: 1

Laundry

Laundry Room: 1

Unit 1

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

Income/Expenses

Total Monthly Income: 15860 Annual Income: 190320 Gross Rent Multiplr: 15.76 Estimated: 1

Heating

Heat Other: 1

Pets

Yes: 1

Zoning

Other: 1

Reports Available

TDS: 1 Prelim: 1 Leases: 1 NHD: 1

Terms

Cash: 1 Conventional: 1

Listing Type

ER: 1

Meters

Sep Meter Elec: Y Sep Meter Gas: Yes

Parking Info

Total # Unconvered Spaces: 13

Flr/Wdw Coverings

Carpet: 1 Tile: 1 Other: 1

Contingent Remarks

SUBJ 2 INSPECT: 1

Owner Provides

Water: 1 Trash: 1 Other: 1

Status Information

Sold Date: 2024-09-26 Sold Price: $2,750,000 Under Contract Date: 2024-08-20

NeighborhoodSchools

Neighborhood: 05 - Summerland

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
IDX
Last Updated: September - 26 - 2024
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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