310 5th Street, SOLVANG, CA 93463
$2,300,000
Property Type:
Res Inc
Lot Size (sq. ft.):
8,712
Status:
Closed
Current Price:
$2,300,000
List Date:
4/08/2025
Last Modified:
8/25/2025
Description
This is a well-maintained 10-unit apartment building located in the heart of the desirable City of Solvang. All the units are 1 bed and 1 bath with separate electric and gas meters, and the residents enjoy a private laundry room and off-street parking in the rear of the building. Upgrades within the last 5 years include laminate flooring in many of the units, new water heater, new dual pane windows and a complete replacement of the asphalt driveway and parking lot. The units are close to all that downtown Solvang has to offer, including restaurants, galleries, shops, and more. With over 40 percent upside in rents, this property offers the prudent investor lots of upside opportunity.
More Information MLS# 25-1369
Location Info
Country: US
Compass Map: Santa Ynez
Map Grid: I19
Cross Street: Acorn Way
District: 50 - SANTA YNEZ
Street #: 310
Street Name: 5th
Street Suffix: Street
State: CA
Postal Code: 93463
County: Santa Barbara
Parcel Number: 139-200-012
Contract Info
Seller Consider Concessions: Yes
Current Price: $2,300,000
Price: 2900000
Begin Date: 2025-04-08
Status: Closed
Property Information
Year Built: 1971
Stories: 2
Apx Lot SqFt: 8712
Apx # Acres: 0.2
Recurring Fees: No
Number of Units: 10
Neighborhood/Schools
Elementary School: Other
Junior High School: Other
High School: Other
Owner Info
Deposit: 75000
Remarks
Hot Sheet Comment: new
Foundation
Slab: 1
Miscellaneous
Parking Spaces: 10
Proximity
Near Bus: 1
Near Park(s): 1
Near School(s): 1
Near Shopping: 1
Laundry
Laundry Room: 1
Unit 1
# Units: 10
# Bedrooms: 10
# Baths: 10
# Half Baths: 0
Furnished: N
Rent: 1153
Monthly Total: 11530
Zoning
Other: 1
Reports Available
Pest Inspection: 1
Terms
Cash: 1
Conventional: 1
Listing Type
ER: 1
Meters
Sep Meter Elec: N
Sep Meter Gas: No
Parking Info
Outside: 1
On Street: 1
Total # Unconvered Spaces: 10
Pub Listing Details
None: 1
Contingent Remarks
HOME INSPECTN: 1
Exchange
No: 1
Status Information
Sold Date: 2025-08-25
Sold Price: $2,300,000
Under Contract Date: 2025-07-02
Property Features
Foundation: Slab
Parking Info: Outside; On Street
Proximity: Near Bus; Near Park(s); Near School(s); Near Shopping
Laundry: Laundry Room
Zoning: Other
Reports Available: Pest Inspection
Exchange: No
Terms: Cash; Conventional
Listing Type: ER
Pub Listing Details: None
Contingent Remarks: HOME INSPECTN
Documents
Brochure ›
Listing Office:
Battaglia Commercial Real Esta
Last Updated: August - 25 - 2025
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