536 W Pedregosa Street, SANTA BARBARA, CA 93101
$1,250,000
Property Type:
Res Inc
Square Footage:
2,753
Lot Size (sq. ft.):
5,227
Status:
Closed
Current Price:
$1,250,000
List Date:
10/12/2020
Last Modified:
1/14/2021
Description
Lowest priced triplex in Santa Barbara located in the up-and-coming
Westside neighborhood close to Downtown, Cottage Hospital, Santa
Barbara City College, the Mesa, and just minutes from a myriad of restaurants,
shops, parks, and beaches. The property has a great unit mix of one 3BD/1BA unit with an attached one-car garage and large outdoor
patio on the first floor, plus two large 2BD/1BA units on the second
floor. The current monthly income is $4,800, approximately 48% below market for the area. Great opportunity for an investor to secure a great rental property in Santa Barbara with enormous upside in rents as
units turnover. Seller is providing interested buyers several reports and disclosures.
More Information MLS# 20-3995
Location Info
District: 20 - SB/WEST OF STATE
Street #: 536
Dir: W
Street Name: Pedregosa
Street Suffix: Street
State/Province: CA
Postal Code: 93101
Compass Map: Santa Barbara
Map Grid: N12
County: Santa Barbara
Parcel Number: 043-132-016
Cross Street: San Pascual
Contract Info
Current Price: $1,250,000
Price: 1350000
Financing: Cash
Buyers Agent $/%: 2
Begin Date: 2020-10-12
Status: Closed
Status Information
Sold Date: 2021-01-14
Sold Price: $1,250,000
Under Contract Date: 2021-01-13
Property Information
Number of Units: 3
Stories: 2
Year Built: 1960
Main House SqFt: 2753
Apx # Acres: 0.14
Apx Lot SqFt: 5227
Recurring Fees: No
Neighborhood/Schools
Neighborhood: 20 - Westside
Elementary School: Adams
Junior High School: LaCumbre
High School: San Marcos
Remarks
COVID Showing Remarks: All Vistors are required to execute a PEAD-V prior to entering the property.
Hot Sheet Comment: price
Owner Info
Deposit: 42000
Miscellaneous
Parking Spaces: 4
Unit 1
# Units: 1
# Bedrooms: 3
# Baths: 1
Furnished: N
Rent: 1950
Monthly Total: 1950
Unit 2
# Units: 1
# Bedrooms: 2
# Baths: 1
Rent: 1575
Unit 3
# Units: 1
# Bedrooms: 2
Rent: 1695
Income/Expenses
Total Monthly Income: 62640
Other Income: 288
Annual Income: 62928
Total Annual Exp: 31708
NOI: 29961
Meters
Sep Meter Wtr: N
Sep Meter Elec: Y
Sep Meter Gas: Yes
Property Features
Unit 1: M/M
Unit 2: M/M
Unit 3: M/M
Condition: Good; Average
Foundation: Slab
Parking Info: Gar #1; Unc #3
Proximity: Near Bus; Near Hospital; Near Park(s); Near School(s); Near Shopping
Laundry: Laundry Room
Owner Provides: Water; Trash; Other
Zoning: R-2
Reports Available: TDS; Home Inspection; Pest Inspection; Prelim; Roof; NHD; Other
Exchange: No
Terms: Cash
Listing Type: ER
Contingent Remarks: SUBJ 2 INSPECT
Documents
Pest Inspection ›Listing Office: Hayes Commercial Group
Last Updated: January - 14 - 2021
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