4320 Modoc Road H, SANTA BARBARA, CA 93110 (MLS# 15-1556)

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4320 Modoc Road H, SANTA BARBARA, CA 93110

$5,200,000

Property Type: Res Inc Lot Size (sq. ft.): 70,785 Status: Closed

Current Price: $5,200,000 List Date: 5/12/2015 Last Modified: 9/15/2024

Overview

Description

Fantastic income property in Hope Ranch Annex area. First time on the market since constructed! Must-see property! 13 townhouses, all 2 story, 2Bed/1.5Bath, nearly 1,100 SF each. Private patios, newer kitchen appliances. 9 units have fireplaces. New roofs, front doors, & exterior lighting. Driveway resurfaced. Each unit has detached garage/carport w/ storage. Large 1.625 acre lot w/ excess land.

Supplements: All feature private patios with new vinyl fencing & newer kitchen appliances including dishwashers. Attractive floorplans; 9 have fireplaces. New roofs, all new front doors, new exterior lighting. Driveway recently resurfaced. Each unit has detached garage with storage. 17 off-street parking spaces. 8 units built in 1991; 5 units built in 1975. 4 ... (Read more)

Listing Details MLS# 15-1556

Location Info

District: 30 - SB/GOL SOUTH
Street #: 4320
Street Name: Modoc
Street Suffix: Road
Unit/Space #: H
State: CA
Country: US
Postal Code: 93110
Compass Map: Santa Barbara
Map Grid: K11
County: Santa Barbara
Parcel Number: 061-092-017
Cross Street: Hollister Ave

Contract Info

Price: 5499000
Buyers Agent $/%: 2
Begin Date: 2015-05-11

Status Information

Sold Date: 2015-08-26
Under Contract Date: 2015-06-26

Property Information

Number of Units: 13
Stories: 2
Year Built: 1991
Apx # Acres: 1.62
Apx Lot SqFt: 70785
Recurring Fees: No

NeighborhoodSchools

Neighborhood: 25 - Hope Ranch

Remarks

Hot Sheet Comment: new

More Information

Owner Info

Deposit: 100000

Miscellaneous

Parking Spaces: 30

Unit 1

# Units: 13
# Bedrooms: 2
# Baths: Yes
# Half Baths: Yes
Furnished: N
Rent: 2000
Monthly Total: 23792

Meters

Sep Meter Wtr: Y
Sep Meter Elec: Y
Sep Meter Gas: Yes

Neighborhood/Schools

Elementary School: Vieja Valley
Junior High School: Other
High School: San Marcos

Condition

Excellent: Yes

Foundation

Slab: Yes

Laundry

Laundry Room: Yes

Amenities

Patio: Yes
Fireplace: Yes
Dishwasher: Yes
Microwave: Yes
Refrigerator: Yes

Income/Expenses

Total Monthly Income: 23792
Annual Income: 309300
Gross Rent Multiplr: 17.8
Capitalization Rate: 3.53

Heating

Wall: Yes
GFA: Yes

Zoning

Other: Yes

Reports Available

Other: Yes

Terms

Cash: Yes
Conventional: Yes

Listing Type

ER: Yes

Parking Info

Garage: Yes
Outside: Yes

Flr/Wdw Coverings

Carpet: Yes
Tile: Yes

Pub Listing Details

None: Yes

Owner Provides

Trash: Yes
Other: Yes

Exchange

No: Yes

Property Features

Condition: Excellent Foundation: Slab Parking Info: Garage; Outside Laundry: Laundry Room Amenities: Patio; Fireplace; Dishwasher; Microwave; Refrigerator Heating: GFA; Wall Owner Provides: Trash; Other Zoning: Other Reports Available: Other Exchange: No Terms: Cash; Conventional Listing Type: ER Pub Listing Details: None

Listing Office: Battaglia Commercial Real Esta

Last Updated: September - 15 - 2024

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