Property Type:
Res Inc
Lot Size (sq. ft.):
70,785
Status:
Closed
Current Price:
$5,200,000
List Date:
5/12/2015
Last Modified:
4/18/2019
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 units recently upgraded & getting over $2100/mo in rent. Separately metered for water, electric, & gas1.
Large 1.625 acre lot which includes approx 1/3 acre of excess land. Current zoning is DR-8, but underlying comprehensive zoning is DR-12.3, which allows for 12.3 units per acre. Owner is working with County to upzone the parcel to DR-12.3. Lots of potential with this property. Check w/ your land use professional about the possibility of adding additional units, community room & facilities, or converting to condos.
1Units built in 1991 have gas. Units built in 1975 are all electric.
Listing Office: Battaglia Commercial Real Esta
Last Updated: April - 18 - 2019
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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.