316 W Valerio Street, SANTA BARBARA, CA 93101 (MLS# 23-3341)

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316 W Valerio Street, SANTA BARBARA, CA 93101

$3,288,000

Property Type: Res Inc Square Footage: 5,570 Lot Size (sq. ft.): 12,196 Status: Closed

Current Price: $3,288,000 List Date: 11/05/2023 Last Modified: 9/15/2024

Overview

Description

OPEN HOUSE 11/9 1130AM-130PM 316 W Valerio St is a stunning 8-unit investment opportunity located in the heart of Santa Barbara, CA. Situated on a parcel of land totaling 12,196 square feet, the subject property was originally constructed in 1973 and features a gross building area of approximately 5,570 square feet. The subject property offers tenants beautifully designed two-bedroom and one-bedroom floor plans.

Listing Details MLS# 23-3341

Location Info

District: 20 - SB/WEST OF STATE
Street #: 316
Dir: W
Street Name: Valerio
Street Suffix: Street
State: CA
Country: US
Postal Code: 93101
Compass Map: Santa Barbara
Map Grid: N12
County: Santa Barbara
Parcel Number: 027-082-029
Cross Street: Bath

Contract Info

Price: 3395000
Buyers Agent $/%: 2.5
Begin Date: 2023-11-05

Status Information

Sold Date: 2024-01-05
Under Contract Date: 2023-11-17

Property Information

Number of Units: 8
Stories: 2
Main House SqFt: 5570
Apx Lot Size FxD: 12196
Apx # Acres: 0.28
Apx Lot SqFt: 12196
Recurring Fees: No
Year Built: 0

Remarks

Hot Sheet Comment: new

Miscellaneous

Parking Spaces: 16

More Information

Unit 1

# Units: 7
# Bedrooms: Yes
# Baths: 7
Furnished: N
Rent: 2700
Monthly Total: 17188
# Half Baths: 0

Unit 2

# Units: Yes
# Bedrooms: 2
# Baths: Yes
Rent: 2546
Monthly Total: 2546

Meters

Sep Meter Elec: Y

Parking Info

Total # Unconvered Spaces: 16
Outside: Yes

Neighborhood/Schools

Elementary School: See Remarks
Junior High School: S.B. Jr.
High School: S.B. Sr.

Owner Info

Deposit: 0

Condition

Excellent: Yes

Foundation

Slab: Yes

Laundry

Laundry Room: Yes

Amenities

Deck: Yes
Patio: Yes
Elec Stove: Yes
Refrigerator: Yes
Other: Yes

Income/Expenses

Other Income: 3471
Annual Income: 236808
Capitalization Rate: 4.72
Actual: Yes
Estimated: Yes
Taxes: 36087
Insurance: 2530
Gas Expense: 1977
Trash Expense: 3791
Maintenance Expense: 6000

Security

Other: Yes

Heating

Baseboard: Yes

Pets

Yes: Yes
Other: Yes

Zoning

R-3: Yes
R-4: Yes
Other: Yes

Reports Available

Home Inspection: Yes
Pest Inspection: Yes
Prelim: Yes
NHD: Yes
Other: Yes

Terms

Cash: Yes

Listing Type

EA: Yes

Flr/Wdw Coverings

Wood/Laminate: Yes
Tile: Yes
Vinyl Plank: Yes

Owner Provides

Water: Yes
Trash: Yes
Other: Yes

Exchange

Yes: Yes
Other: Yes

Property Features

Condition: Excellent Foundation: Slab Parking Info: Outside Laundry: Laundry Room Amenities: Deck; Patio; Elec Stove; Refrigerator; Other Security: Other Heating: Baseboard Pets: Yes; Other Owner Provides: Water; Trash; Other Zoning: R-3; R-4; Other Reports Available: Home Inspection; Pest Inspection; Prelim; NHD; Other Exchange: Yes; Other Terms: Cash Listing Type: EA

Listing Office: Marcus and Millichap

Last Updated: September - 15 - 2024

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