316 W Micheltorena Street, SANTA BARBARA, CA 93101
$3,425,000
Property Type:
Res Inc
Lot Size (sq. ft.):
27,007
Status:
Closed
Current Price:
$3,425,000
List Date:
7/15/2014
Last Modified:
2/03/2021
Description
Victorian 12-plex. Classic property. Lrge multifam, 12 units, 3 seprt bldngs. Ample prkng, carports. High ceilings. Old world charm, great location Downtown. Each unit unique. Sep. metered electric/most gas. Great privacy, central crtyard, fenced. Tremendous pride of ownership Victorian. Lots of light/tall windows. Washer/dryer on site. Below Mkt Rents! Do Not Ditrb Tenants!
More Information MLS# 14-2234
Location Info
District: 20 - SB/WEST OF STATE
Street #: 316
Dir: W
Street Name: Micheltorena
Street Suffix: Street
State/Province: CA
Postal Code: 93101
Compass Map: Santa Barbara
Map Grid: N12
County: Santa Barbara
Parcel Number: 027-212-026
Cross Street: Bath
Contract Info
Current Price: $3,425,000
Price: 3365000
Buyers Agent $/%: 2.25
Begin Date: 2014-07-15
Status: Closed
Status Information
Sold Date: 2014-09-03
Sold Price: $3,425,000
Under Contract Date: 2014-08-01
Property Information
Number of Units: 12
Year Built: 1900
Apx # Acres: 0.62
Neighborhood/Schools
Elementary School: Peabody
Junior High School: S.B. Jr.
High School: S.B. Sr.
Remarks
Hot Sheet Comment: new
Owner Info
Deposit: 3
Unit 1
# Units: 2
# Bedrooms: 2
# Baths: 1
Furnished: N
Rent: 1950
Monthly Total: 3750
Unit 2
# Units: 6
# Bedrooms: 1
# Baths: 1
Rent: 1800
Monthly Total: 9100
Unit 3
# Units: 4
# Baths: 4
Rent: 1400
Monthly Total: 5100
Income/Expenses
Total Monthly Income: 18140
Other Income: 2400
Annual Income: 217680
Gross Rent Multiplr: 15.6
Capitalization Rate: 4
Taxes: 12000
NOI: 134,292.00
Meters
Sep Meter Elec: Y
Sep Meter Gas: Yes
Property Features
Unit 1: M/M
Unit 2: M/M
Condition: Good
Foundation: Raised
Parking Info: Carport; Mixed; Detached
Proximity: Near Bus; Near School(s)
Laundry: Laundry Room
Amenities: Washer; Dryer
Flr/Wdw Coverings: Carpet; Hardwood
Security: Fire Alarm; Smoke Detector(s)
Zoning: Other
Terms: Cash; Ctnl; Ctel
Listing Type: ER
Contingent Remarks: REPORTS
Rent Roll ›Listing Office: Harbor View Real Estate and Investments
Last Updated: February - 03 - 2021
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