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2525 Banner Avenue, SUMMERLAND, CA 93067

$2,900,000
Property Type: Res Inc Square Footage: 1,924 Lot Size (sq. ft.): 9,148 Status: Closed
Current Price: $2,900,000 List Date: 10/23/2021 Last Modified: 9/15/2024

Overview

Description

The possibilities are endless with this beautiful seaside multi-unit property! Currently operated as a short-term rental with great cash flow. Each unit has private entrance, full kitchen, and balcony with incredible ocean and island views. Upper unit 'Sky' is 1bed/1bath with valued ceilings and ocean views from every room. 'Sand' unit is lower level 1bed/1bath with the best deck on the property. 'Surf' unit is the largest unit with 2bd/1bath, great natural light and expansive outdoor area. The property is walking distance to restaurants and shopping in Summerland, and only a few minutes from Montecito and Santa Barbara.

Listing Details MLS# 21-3927

Location Info

District
05 - CARPINTERIA-SUMMERLAND
Street #
2525
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
005-203-002
Cross Street
Olive St.

Contract Info

Price
2950000
Buyers Agent $/%
2.5
Begin Date
2021-10-23

Status Information

Sold Date
2021-12-17
Under Contract Date
2021-10-24

Property Information

Number of Units
3
Main House SqFt
1924
Apx # Acres
0.21
Recurring Fees
No
Year Built
0

NeighborhoodSchools

Neighborhood
05 - Summerland

Remarks

Hot Sheet Comment
new

More Information

Owner Info

Deposit
3

Miscellaneous

Parking Spaces
3
# Refrigerators
3
# Stoves
3

Unit 1

# Units
3
# Bedrooms
4
# Baths
3
Furnished
Y
Rent
13500
Monthly Total
13500
# Half Baths
0

Meters

Sep Meter Elec
Y
Sep Meter Gas
Yes

Parking Info

Total # Unconvered Spaces
3
Mixed
Yes

Neighborhood/Schools

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

Condition

Excellent
Yes

Foundation

Pier & Post
Yes

Proximity

Near Bus
Yes
Near Ocean
Yes
Near Shopping
Yes

Laundry

Other
Yes

Amenities

Deck
Yes
Patio
Yes
Cable TV
Yes
Dishwasher
Yes
Microwave
Yes
Refrigerator
Yes

Income/Expenses

Total Monthly Income
13500
Annual Income
162000
Capitalization Rate
4
Insurance
155
Water Expense
120
Electric Expense
160
Gas Expense
50
Trash Expense
110
Maintenance Expense
160
Total Monthly Exp
1000

Heating

Heat Other
Yes

Cooling

A/C Other
Yes

Pets

No
Yes

Zoning

R-2
Yes

Reports Available

Pest Inspection
Yes
Prelim
Yes

Terms

Cash
Yes

Listing Type

ER
Yes

Flr/Wdw Coverings

Wood/Laminate
Yes

Pub Listing Details

None
Yes

Contingent Remarks

EXCHANGE
Yes

Owner Provides

Heat
Yes
Elec
Yes
Gas
Yes
Water
Yes
Trash
Yes
Cbl TV
Yes

Exchange

Yes
Yes

Property Features

Condition: Excellent Foundation: Pier & Post Parking Info: Mixed Proximity: Near Bus; Near Ocean; Near Shopping Laundry: Other Amenities: Deck; Patio; Dishwasher; Microwave; Refrigerator; Cable TV Cooling: A/C Other Heating: Heat Other Pets: No Owner Provides: Heat; Elec; Gas; Water; Trash; Cbl TV Zoning: R-2 Reports Available: Pest Inspection; Prelim Exchange: Yes Terms: Cash Listing Type: ER Pub Listing Details: None Contingent Remarks: EXCHANGE
IDX
Listing Office: Compass First, Inc.
Last Updated: September - 15 - 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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