6 E Valerio Street, SANTA BARBARA, CA 93101 (MLS# 21-3500)

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6 E Valerio Street, SANTA BARBARA, CA 93101

$3,300,000

Property Type: Res Inc Square Footage: 2,385 Lot Size (sq. ft.): 3,095 Status: Closed

Current Price: $3,300,000 List Date: 9/16/2021 Last Modified: 9/15/2024

Overview

Description

Casa Valerio captures all the best elements of Santa Barbara. A substantially remodeled mixed-use property situated near the corner of State Street & E. Valerio, Casa Valerio consists of a 2nd floor, 1,363 SF, 3BD/2BA residence w/ a two-car garage & two private decks, & four permitted short-term rental units on the 1st floor. The property is located in the downtown area just three blocks north of the restaurant & theatre district, home to over 20 restaurants & bars & two prominent theatres. In addition to some of the best food &entertainment that the city has to offer, Casa Valerio is a short distance to other high profile destinations including two weekly Farmers Markets, the iconic County Courthouse, Paseo Nuevo & its surrounding retail shops & art galleries, the SB Bowl & the Funk Zone

Listing Details MLS# 21-3500

Location Info

District: 15 - SB/EAST OF STATE
Street #: 6
Dir: E
Street Name: Valerio
Street Suffix: Street
State: CA
Country: US
Postal Code: 93101
Compass Map: Santa Barbara
Map Grid: O12
County: Santa Barbara
Parcel Number: 039-212-035
Cross Street: State Street
Walk Score: 93

Contract Info

Price: 3300000
Buyers Agent $/%: 2
Begin Date: 2021-09-16

Status Information

Sold Date: 2022-02-07
Under Contract Date: 2021-09-22

Property Information

Number of Units: 5
Stories: 2
Year Built: 2021
Main House SqFt: 2385
Apx Lot SqFt: 3095
Recurring Fees: No

NeighborhoodSchools

Neighborhood: 15 or 20 - Downtown

Remarks

COVID Showing Remarks: Masks are required.
Hot Sheet Comment: new

More Information

Owner Info

Deposit: 99000

Unit 1

# Units: Yes
# Bedrooms: 3
# Baths: 2
Furnished: Y
Rent: 7000
Monthly Total: 7000
# Half Baths: 0
M/M: Yes

Unit 2

# Units: 4
# Baths: Yes
Furnished: Y
# Bedrooms: 0

Meters

Sep Meter Wtr: N
Sep Meter Elec: N
Sep Meter Gas: No

Neighborhood/Schools

Elementary School: Roosevelt
Junior High School: S.B. Jr.
High School: S.B. Sr.

Condition

Excellent: Yes

Proximity

Near Bus: Yes
Near Hospital: Yes
Near Park(s): Yes
Near School(s): Yes
Near Shopping: Yes

Laundry

Laundry Room: Yes
Other: Yes

Income/Expenses

Capitalization Rate: 5.73%
Estimated: Yes
NOI: 189045

Zoning

C-2: Yes

Reports Available

Prelim: Yes
Build Plans: Yes

Terms

Cash: Yes

Listing Type

ER: Yes

Parking Info

Gar #2: Yes

Exchange

Yes: Yes

Property Features

Unit 1: M/M Condition: Excellent Parking Info: Gar #2 Proximity: Near Bus; Near Hospital; Near Park(s); Near School(s); Near Shopping Laundry: Laundry Room; Other Zoning: C-2 Reports Available: Prelim; Build Plans Exchange: Yes Terms: Cash Listing Type: ER

Listing Office: Hayes Commercial Group

Last Updated: September - 15 - 2024

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