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
Last Updated: September - 26 - 2024
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