524 E Arrellaga Street, SANTA BARBARA, CA 93103
$3,400,000
Property Type:
Res Inc
Lot Size (sq. ft.):
10,454
Status:
Closed
Current Price:
$3,400,000
List Date:
11/18/2020
Last Modified:
9/15/2024
Description
This 6-unit apartment complex is Ideally located in the beautiful upper-east side of Santa Barbara. Unit mix features (3) 2BD/1BA, (2) 1BD/1BA, and (1) 1BD/1BA + Den. The units are spread out over three buildings with a large Victorian style apartment building and two stand alone cottages with multiple units offering fantastic ocean views. There are also six garage spaces and outdoor patios/decks. Beginning in 2017, the property underwent extensive renovations, including a new foundation, new roof, full exterior paint, and a major remodel to five of the six units. As a result, annual maintenance costs are extremely low and the majority of rents are very close to market.
More Information MLS# 20-4501
Location Info
Country: US
Compass Map: Santa Barbara
Map Grid: O11
Cross Street: Olive
District: 15 - SB/EAST OF STATE
Street #: 524
Dir: E
Street Name: Arrellaga
Street Suffix: Street
State: CA
Postal Code: 93103
County: Santa Barbara
Parcel Number: 027-260-030
Contract Info
Financing: Exchange
Buyers Agent $/%: 2.5
Current Price: $3,400,000
Price: 3850000
Begin Date: 2020-11-18
Status: Closed
Property Information
Year Built: 1935
Apx Lot SqFt: 10454
Apx # Acres: 0.24
Recurring Fees: No
Number of Units: 6
Neighborhood/Schools
Elementary School: Roosevelt
Junior High School: S.B. Jr.
High School: S.B. Sr.
Owner Info
Deposit: 3
Remarks
COVID Showing Remarks: All visitors required to receive CAR form BPPP & C.A.R form PRE. Please email signed PEAD-V(s) to listing agents prior to arriving at the property. Masks are Required!
Hot Sheet Comment: new
Condition
Excellent: 1
Good: 1
Foundation
Mixed: 1
Miscellaneous
Parking Spaces: 6
# Refrigerators: 6
# Stoves: 6
Proximity
Near Bus: 1
Near Hospital: 1
Near Park(s): 1
Near School(s): 1
Near Shopping: 1
Laundry
In Unit: 1
Amenities
Deck: 1
Patio: 1
Dishwasher: 1
Fncd All: 1
Unit 1
# Units: 1
# Bedrooms: 1
# Baths: 1
# Half Baths: 0
Furnished: N
Rent: 2895
Monthly Total: 2895
Income/Expenses
Total Monthly Income: 17066
Heating
Wall: 1
Zoning
R-3: 1
Terms
Cash: 1
Conventional: 1
Listing Type
ER: 1
Meters
Sep Meter Elec: Y
Sep Meter Gas: Yes
Parking Info
Garage: 1
Flr/Wdw Coverings
Hardwood: 1
Wood/Laminate: 1
Tile: 1
Owner Provides
Water: 1
Trash: 1
Status Information
Sold Date: 2021-02-26
Sold Price: $3,400,000
Under Contract Date: 2020-12-16
Property Features
Condition: Excellent; Good
Foundation: Mixed
Parking Info: Garage
Proximity: Near Bus; Near Hospital; Near Park(s); Near School(s); Near Shopping
Laundry: In Unit
Amenities: Deck; Patio; Dishwasher; Fncd All
Heating: Wall
Owner Provides: Water; Trash
Zoning: R-3
Terms: Cash; Conventional
Listing Type: ER
Listing Office:
Beachside Partners
Last Updated: September - 15 - 2024
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