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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: 9/15/2024

Overview

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!

Listing Details MLS# 14-2234

Location Info

District
20 - SB/WEST OF STATE
Street #
316
Dir
W
Street Name
Micheltorena
Street Suffix
Street
State
CA
Country
US
Postal Code
93101
Compass Map
Santa Barbara
Map Grid
N12
County
Santa Barbara
Parcel Number
027-212-026
Cross Street
Bath

Contract Info

Price
3365000
Buyers Agent $/%
2.25
Begin Date
2014-07-15

Status Information

Sold Date
2014-09-03
Under Contract Date
2014-08-01

Property Information

Number of Units
12
Year Built
1900
Apx # Acres
0.62

Remarks

Hot Sheet Comment
new

Owner Info

Deposit
3

More Information

Unit 1

# Units
2
# Bedrooms
2
# Baths
Yes
Furnished
N
Rent
1950
Monthly Total
3750
# Half Baths
0
M/M
Yes

Unit 2

# Units
6
# Bedrooms
Yes
# Baths
Yes
Rent
1800
Monthly Total
9100
# Half Baths
0
M/M
Yes

Unit 3

# Units
4
# Baths
4
Rent
1400
Monthly Total
5100
# Bedrooms
0
# Half Baths
0

Meters

Sep Meter Elec
Y
Sep Meter Gas
Yes

Neighborhood/Schools

Elementary School
Peabody
Junior High School
S.B. Jr.
High School
S.B. Sr.

Condition

Good
Yes

Foundation

Raised
Yes

Proximity

Near Bus
Yes
Near School(s)
Yes

Laundry

Laundry Room
Yes

Amenities

Washer
Yes
Dryer
Yes

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

Security

Fire Alarm
Yes
Smoke Detector(s)
Yes

Zoning

Other
Yes

Terms

Cash
Yes
Conventional
Yes
Ctel
Yes

Listing Type

ER
Yes

Parking Info

Carport
Yes
Mixed
Yes
Detached
Yes

Flr/Wdw Coverings

Carpet
Yes
Hardwood
Yes

Contingent Remarks

REPORTS
Yes

Property Features

Unit 1: M/M Unit 2: M/M Condition: Good Foundation: Raised Parking Info: Carport; Mixed; Carport; Detached Proximity: Near Bus; Near School(s) Laundry: Laundry Room Amenities: Washer; Dryer Security: Fire Alarm; Smoke Detector(s) Zoning: Other Terms: Cash; Conventional; Ctel Listing Type: ER Contingent Remarks: REPORTS
IDX
Listing Office: Harbor View Real Estate and Investments
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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