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
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
More Information MLS# 13-3029
Location Info
Country: US
Compass Map: Santa Ynez
Map Grid: C15
Cross Street: Hwy 246
District: 50 - SANTA YNEZ
Street #: 363
Street Name: Palm
Street Suffix: Way
State: CA
Postal Code: 93427
County: Santa Barbara
Parcel Number: 099-271-033
Contract Info
Buyers Agent $/%: 2.5
Current Price: $2,950,000
Price: 3500000
Begin Date: 2013-09-19
Status: Closed
Property Information
Year Built: 1984
Stories: 2
Apx Lot SqFt: 44867
Apx # Acres: 1.03
Number of Units: 22
Neighborhood/Schools
Elementary School: Other
Junior High School: Other
High School: Other
Owner Info
Deposit: 75000
Remarks
Hot Sheet Comment: new
Condition
Good: 1
Foundation
Slab: 1
Proximity
Near Bus: 1
Near Park(s): 1
Near School(s): 1
Near Shopping: 1
Laundry
None: 1
Unit 1
# Units: 2
# Bedrooms: 2
# Baths: 1
# Half Baths: 0
Furnished: N
Rent: 0
Monthly Total: 0
Income/Expenses
Annual Income: 247800
Gross Rent Multiplr: 14.56
Capitalization Rate: 4.12
Heating
Wall: 1
Unit 2
# Units: 20
# Bedrooms: 1
# Baths: 1
Zoning
Other: 1
Terms
Cash: 1
Conventional: 1
Listing Type
ER: 1
Meters
Sep Meter Elec: Y
Sep Meter Gas: Yes
Flr/Wdw Coverings
Carpet: 1
Wood/Laminate: 1
Vinyl: 1
Contingent Remarks
SUBJ 2 INSPECT: 1
Owner Provides
Water: 1
Status Information
Sold Date: 2014-08-21
Sold Price: $2,950,000
Under Contract Date: 2014-06-26
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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