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$3,350,000
605 W Canon Perdido St
SANTA BARBARA, CA 93101
MLS# 21-2100
Status: Closed



605 W Canon Perdido St, SANTA BARBARA, CA 93101
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605 W Canon Perdido St, SANTA BARBARA, CA 93101 605 W Canon Perdido St, SANTA BARBARA, CA 93101 605 W Canon Perdido St, SANTA BARBARA, CA 93101 605 W Canon Perdido St, SANTA BARBARA, CA 93101 605 W Canon Perdido St, SANTA BARBARA, CA 93101 605 W Canon Perdido St, SANTA BARBARA, CA 93101 605 W Canon Perdido St, SANTA BARBARA, CA 93101 605 W Canon Perdido St, SANTA BARBARA, CA 93101 605 W Canon Perdido St, SANTA BARBARA, CA 93101 605 W Canon Perdido St, SANTA BARBARA, CA 93101 605 W Canon Perdido St, SANTA BARBARA, CA 93101 605 W Canon Perdido St, SANTA BARBARA, CA 93101 605 W Canon Perdido St, SANTA BARBARA, CA 93101 605 W Canon Perdido St, SANTA BARBARA, CA 93101 605 W Canon Perdido St, SANTA BARBARA, CA 93101 605 W Canon Perdido St, SANTA BARBARA, CA 93101 605 W Canon Perdido St, SANTA BARBARA, CA 93101 605 W Canon Perdido St, SANTA BARBARA, CA 93101

Property Description
Pride of ownership residential income property, comprised of 6 one bedroom bungalows and above garage studio. Offered for sale for the first time in over 35 years. Located within minutes to downtown Santa Barbara, area beaches and SBCC. Numerous upgrades, offering individual patios for one bedroom units, laundry hook-ups, five garages and additional off-street parking. Strong and consistent rental history/demand. Property is being offered at a 4% cap rate. An ideal income-producing asset, located in one of the most sought after locales in the world.

Details
Maps
Documents
Location Info
District: 20 - SB/WEST OF STATE
Street #: 605
Dir: W
Street Name: Canon Perdido
Street Suffix: St
State/Province: CA
Postal Code: 93101
Compass Map: Santa Barbara
Map Grid: O13
County: Santa Barbara
Parcel Number: 037-021-009
Cross Street: San Andres
Contract Info
Current Price: $3,150,000
Price: 3350000
Financing: Fixed
Buyers Agent $/%: 2.5
Begin Date: 2021-06-09
Status: Closed
Status Information
Sold Date: 2021-12-03
Sold Price: $3,150,000
Under Contract Date: 2021-09-30
Property Information
Number of Units: 7
Apx # Acres: 0.23
Apx Lot SqFt: 10018
Recurring Fees: No
Neighborhood/Schools
Neighborhood: 20 - Westside
Elementary School: McKinley
Junior High School: LaCumbre
High School: San Marcos
Remarks
Hot Sheet Comment: price
Owner Info
Deposit: 3
Unit 1
# Units: 6
# Bedrooms: 1
# Baths: 1
Furnished: N
Rent: 14725
Monthly Total: 14725
Unit 2
# Units: 1
# Baths: 1
Rent: 1975
Monthly Total: 1975
Income/Expenses
Total Monthly Income: 16700
Annual Income: 200400
Capitalization Rate: 4
Meters
Sep Meter Elec: Y
Sep Meter Gas: Yes
Parking Info
Total # Garage Spaces: 5
Property Features
Condition: Excellent
Foundation: Slab; Mixed
Parking Info: Garages; Uncovered; Mixed; Gar #5; Gar #5; Unc #5
Proximity: Near Bus; Near Hospital; Near Ocean; Near Park(s); Near School(s); Near Shopping
Laundry: Unit
Amenities: Patio; Fncd Prt
Flr/Wdw Coverings: Carpet; Wood/Laminate
Security: Smoke Detc
Heating/Cooling: Elec; Wall; Ceiling Fan(s)
Pets: Yes
Zoning: CLA
Terms: Cash; Ctnl
Listing Type: ER
Pub Listing Details: Agt Related Prncpl
Contingent Remarks: HOME INSPECTN; REPORTS; SUBJ 2 INSPECT

Listing Office: Compass

Last Updated: April - 28 - 2022

605 W Canon Perdido St, SANTA BARBARA, CA 93101 - MLS# 21-2100
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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