363 Palm Way, BUELLTON, CA 93427 (MLS# 13-3029)

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363 Palm Way, BUELLTON, CA 93427

$2,950,000

Property Type: Res Inc Lot Size (sq. ft.): 44,867 Status: Closed

Current Price: $2,950,000 List Date: 5/01/2014 Last Modified: 9/15/2024

Overview

Description

22-Units in Buellton on one acre lot with ample parking. Property was built in 1984 and consists of (2)-2Bed/1Bath and (20)-1Bed/1Bath. Clean bread and butter units. Upside in rents. Buellton is a strong rental market with relatively few apartment buildings. Strong employment from Vandenberg Air force base to the west, Santa Ynez Valley and Chumash Casino to the east, Santa Barbara to the south.

Supplements: Monthly income CAP and GRM are based upon projected rents

Listing Details MLS# 13-3029

Location Info

District: 50 - SANTA YNEZ
Street #: 363
Street Name: Palm
Street Suffix: Way
State: CA
Country: US
Postal Code: 93427
Compass Map: Santa Ynez
Map Grid: C15
County: Santa Barbara
Parcel Number: 099-271-033
Cross Street: Hwy 246

Contract Info

Price: 3500000
Buyers Agent $/%: 2.5
Begin Date: 2013-09-19

Status Information

Sold Date: 2014-08-21
Under Contract Date: 2014-06-26

Property Information

Number of Units: 22
Stories: 2
Year Built: 1984
Apx # Acres: 1.03
Apx Lot SqFt: 44867

Remarks

Hot Sheet Comment: new

Owner Info

Deposit: 75000

More Information

Unit 1

# Units: 2
# Bedrooms: 2
# Baths: Yes
Furnished: N
# Half Baths: 0
Rent: 0
Monthly Total: 0

Unit 2

# Units: 20
# Bedrooms: Yes
# Baths: Yes

Meters

Sep Meter Elec: Y
Sep Meter Gas: Yes

Neighborhood/Schools

Elementary School: Other
Junior High School: Other
High School: Other

Condition

Good: Yes

Foundation

Slab: Yes

Proximity

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

Laundry

None: Yes

Income/Expenses

Annual Income: 247800
Gross Rent Multiplr: 14.56
Capitalization Rate: 4.12

Heating

Wall: Yes

Zoning

Other: Yes

Terms

Cash: Yes
Conventional: Yes

Listing Type

ER: Yes

Flr/Wdw Coverings

Carpet: Yes
Wood/Laminate: Yes
Vinyl Plank: Yes

Contingent Remarks

SUBJ 2 INSPECT: Yes

Owner Provides

Water: Yes

Property Features

Condition: Good Foundation: Slab Proximity: Near Bus; Near Park(s); Near School(s); Near Shopping Laundry: None Heating: Wall Owner Provides: Water Zoning: Other Terms: Cash; Conventional Listing Type: ER Contingent Remarks: SUBJ 2 INSPECT

Listing Office: Battaglia Commercial Real Esta

Last Updated: September - 15 - 2024

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