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.
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