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:
1/07/2024
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.
More Information MLS# 23-3341
Location Info
District: 20 - SB/WEST OF STATE
Street #: 316
Dir: W
Street Name: Valerio
Street Suffix: Street
State/Province: CA
Postal Code: 93101
Compass Map: Santa Barbara
Map Grid: N12
County: Santa Barbara
Parcel Number: 027-082-029
Cross Street: Bath
Contract Info
Current Price: $3,288,000
Price: 3395000
Buyers Agent $/%: 2.5
Begin Date: 2023-11-05
Status: Closed
Status Information
Sold Date: 2024-01-05
Sold Price: $3,288,000
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
Neighborhood/Schools
Elementary School: See Remarks
Junior High School: S.B. Jr.
High School: S.B. Sr.
Remarks
Hot Sheet Comment: new
Miscellaneous
Parking Spaces: 16
Unit 1
# Units: 7
# Bedrooms: 1
# Baths: 7
Furnished: N
Rent: 2700
Monthly Total: 17188
Unit 2
# Units: 1
# Bedrooms: 2
# Baths: 1
Rent: 2546
Monthly Total: 2546
Income/Expenses
Other Income: 3471
Annual Income: 236808
Capitalization Rate: 4.72
Taxes: 36087
Insurance: 2530
Gas Expense: 1977
Trash Expense: 3791
Maintenance Expense: 6000
Meters
Sep Meter Elec: Y
Parking Info
Total # Unconvered Spaces: 16
Property Features
Income/Expenses: Actual; Estimated
Condition: Excellent
Foundation: Slab
Parking Info: Uncovered
Laundry: Laundry Room
Amenities: Deck; Patio; Elec Stove; Refrigerator; Other
Flr/Wdw Coverings: Wood/Laminate; Tile; Vinyl
Security: Other
Heating/Cooling: 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: January - 07 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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.