330 E Figueroa Street, SANTA BARBARA, CA 93101 (MLS# 24-3313)

Your search results

330 E Figueroa Street, SANTA BARBARA, CA 93101

$1,500,000

330 E Figueroa St - int Unit #1 Livingro

Property Type: Res Inc Square Footage: 2,750 Lot Size (sq. ft.): 5,227 Status: Closed

Current Price: $1,500,000 List Date: 10/07/2024 Last Modified: 4/09/2025

Overview

Description

Conveniently located just three blocks from State Street and near the many amenities of Downtown Santa Barbara, this value-add multifamily opportunity has been priced to account for the work the property requires: structural work, new roof, site work, exterior and interior updates and improvements. Ideal for a contractor, developer or savvy investor to improve and remodel five rental units while mitigating the issues around tenancies. Per plans with the City, this 1920's Craftsman-style building totals 2,750 SF and consists of a 2BD/1BA, a 1BD/1BA, and three Studios. The property provides five onsite parking spaces and common laundry for the tenants. Three of the five units will be vacant at the COE.

Listing Details MLS# 24-3313

Location Info

District: 15 - SB/EAST OF STATE
Street #: 330
Dir: E
Street Name: Figueroa
Street Suffix: Street
State: CA
Country: US
Postal Code: 93101
Compass Map: Santa Barbara
Map Grid: O12
County: Santa Barbara
Parcel Number: 029-221-007
Cross Street: Laguna
Walk Score: 90
Bike Score: 92

Contract Info

Price: 1600000
Begin Date: 2024-10-07

Status Information

Sold Date: 2025-04-09
Under Contract Date: 2025-02-07

Property Information

Number of Units: 5
Stories: 2
Year Built: 1920
Main House SqFt: 2750
Apx Lot SqFt: 5227
Recurring Fees: No

NeighborhoodSchools

Neighborhood: 15 or 20 - Downtown

Remarks

Hot Sheet Comment: new

More Information

Owner Info

Deposit: 48000

Miscellaneous

Parking Spaces: 5

Unit 1

# Units: Yes
# Bedrooms: 2
# Baths: Yes
Furnished: N
Rent: 2421
Monthly Total: 3700
# Half Baths: 0
M/M: Yes

Unit 2

# Units: Yes
# Bedrooms: Yes
# Baths: Yes
Monthly Total: 3000

Unit 3

# Units: 3
# Baths: Yes
Rent: 2133
Monthly Total: 6400
# Bedrooms: 0

Meters

Sep Meter Wtr: N
Sep Meter Gas: No

Neighborhood/Schools

Elementary School: Roosevelt
Junior High School: S.B. Jr.
High School: S.B. Sr.

Condition

Fair: Yes
Poor: Yes

Proximity

Near Bus: Yes
Near Hospital: Yes
Near Park(s): Yes
Near School(s): Yes
Near Shopping: Yes

Laundry

Laundry Room: Yes

Income/Expenses

Total Monthly Income: 13100
Other Income: 6480
Annual Income: 163680
Gross Rent Multiplr: 9.78
Capitalization Rate: 7.14
Estimated: Yes
Vac Factor: 3274
Total Annual Exp: 46246
NOI: 114160

Zoning

Other: Yes

Reports Available

Pest Inspection: Yes
Prelim: Yes
Struct: Yes

Terms

Cash: Yes

Listing Type

ER: Yes

Parking Info

Unc #5: Yes

Contingent Remarks

OTHER: Yes

Exchange

Yes: Yes

Property Features

Unit 1: M/M Condition: Fair; Poor Parking Info: Unc #5 Proximity: Near Bus; Near Hospital; Near Park(s); Near School(s); Near Shopping Laundry: Laundry Room Zoning: Other Reports Available: Pest Inspection; Prelim; Struct Exchange: Yes Terms: Cash Listing Type: ER Contingent Remarks: OTHER

Listing Office: Hayes Commercial Group

Last Updated: April - 09 - 2025

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.