3963 Via Lucero, SANTA BARBARA, CA 93110
$5,475,000
Property Type:
Res Inc
Lot Size (sq. ft.):
21,780
Status:
Closed
Current Price:
$5,475,000
List Date:
9/12/2023
Last Modified:
12/14/2023
Description
3963 Via Lucero is a conveniently located multi-family property on a tree-lined street in the upper State St. area of Santa Barbara and with a WalkScore® of 78, allowing tenants to enjoy easy access to all that Santa Barbara has to offer. Property is comprised of 3 buildings with (9) 2Bed/1Bath, (6) 1Bed/1Bath, and (1) Studio surrounding an inviting pool. Property was originally built in 1963 and tenants enjoy 9 covered carports and 11 uncovered parking spaces and a common area laundry room. Electric and gas utilities are individually metered.
Gross Rent, GRM, and CAP based on proforma rents.
Property may be purchased with 427 W Islay St, a 22-unit apartment building.
More Information MLS# 23-2715
Location Info
District: 15 - SB/EAST OF STATE
Street #: 3963
Street Name: Via Lucero
State/Province: CA
Postal Code: 93110
Compass Map: Santa Barbara
Map Grid: L10
County: Santa Barbara
Parcel Number: 057-233-021
Cross Street: La Cumbre
Contract Info
Current Price: $5,475,000
Price: 6250000
Financing: CTNL
Buyers Agent $/%: 2
Begin Date: 2023-09-11
Status: Closed
Status Information
Sold Date: 2023-12-14
Sold Price: $5,475,000
Under Contract Date: 2023-09-26
Property Information
Number of Units: 16
Year Built: 1963
Apx # Acres: 0.5
Recurring Fees: No
Neighborhood/Schools
Elementary School: Other
Junior High School: Other
High School: Other
Remarks
COVID Showing Remarks: By appointment only on scheduled tour dates.
Tour Dates:
Sept 20, 2023 1-3PM
Sept 27, 2023 10 AM - 12 PM
Hot Sheet Comment: new
Owner Info
Deposit: 175000
Unit 1
# Units: 9
# Bedrooms: 2
# Baths: 1
Furnished: N
Rent: 2750
Monthly Total: 24750
Unit 2
# Units: 6
# Bedrooms: 1
# Baths: 1
Rent: 2300
Monthly Total: 13800
Unit 3
# Units: 1
# Baths: 1
Rent: 2000
Monthly Total: 2000
Property Features
Zoning: Other
Reports Available: Pest Inspection; Prelim
Terms: Cash; Ctnl
Listing Type: ER
Listing Office: Battaglia Commercial Real Esta
Last Updated: December - 14 - 2023
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