605 W Canon Perdido Street, SANTA BARBARA, CA 93101 (MLS# 21-2100)

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605 W Canon Perdido Street, SANTA BARBARA, CA 93101

$3,150,000

Property Type: Res Inc Lot Size (sq. ft.): 10,018 Status: Closed

Current Price: $3,150,000 List Date: 6/09/2021 Last Modified: 9/15/2024

Overview

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.

Listing Details MLS# 21-2100

Location Info

District: 20 - SB/WEST OF STATE
Street #: 605
Dir: W
Street Name: Canon Perdido
Street Suffix: Street
State: CA
Country: US
Postal Code: 93101
Compass Map: Santa Barbara
Map Grid: O13
County: Santa Barbara
Parcel Number: 037-021-009
Cross Street: San Andres

Contract Info

Price: 3350000
Financing: Fixed
Buyers Agent $/%: 2.5
Begin Date: 2021-06-09

Status Information

Sold Date: 2021-12-03
Under Contract Date: 2021-09-30

Property Information

Number of Units: 7
Apx # Acres: 0.23
Apx Lot SqFt: 10018
Recurring Fees: No
Year Built: 0

NeighborhoodSchools

Neighborhood: 20 - Westside

Remarks

Hot Sheet Comment: price

More Information

Owner Info

Deposit: 3

Unit 1

# Units: 6
# Bedrooms: Yes
# Baths: Yes
Furnished: N
Rent: 14725
Monthly Total: 14725
# Half Baths: 0

Unit 2

# Units: Yes
# Baths: Yes
Rent: 1975
Monthly Total: 1975
# Bedrooms: 0
# Half Baths: 0

Meters

Sep Meter Elec: Y
Sep Meter Gas: Yes

Parking Info

Total # Garage Spaces: 5
Mixed: Yes
Garage: Yes
Gar #5: Yes
Outside: Yes
Unc #5: Yes

Neighborhood/Schools

Elementary School: McKinley
Junior High School: LaCumbre
High School: San Marcos

Condition

Excellent: Yes

Foundation

Slab: Yes
Mixed: Yes

Proximity

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

Laundry

In Unit: Yes

Amenities

Patio: Yes
Fncd Prt: Yes

Income/Expenses

Total Monthly Income: 16700
Annual Income: 200400
Capitalization Rate: 4

Security

Smoke Detector(s): Yes

Heating

Elec: Yes
Wall: Yes

Cooling

Ceiling Fan(s): Yes

Pets

Yes: Yes

Zoning

CLA: Yes

Terms

Cash: Yes
Conventional: Yes

Listing Type

ER: Yes

Flr/Wdw Coverings

Carpet: Yes
Wood/Laminate: Yes

Pub Listing Details

Agt Related Prncpl: Yes

Contingent Remarks

HOME INSPECTN: Yes
REPORTS: Yes
SUBJ 2 INSPECT: Yes

Property Features

Condition: Excellent Foundation: Slab; Mixed Parking Info: Mixed; Garage; Gar #5; Outside; Unc #5 Proximity: Near Bus; Near Hospital; Near Ocean; Near Park(s); Near School(s); Near Shopping Laundry: In Unit Amenities: Patio; Fncd Prt Security: Smoke Detector(s) Cooling: Ceiling Fan(s) Heating: Elec; Wall Pets: Yes Zoning: CLA Terms: Cash; Conventional Listing Type: ER Pub Listing Details: Agt Related Prncpl Contingent Remarks: HOME INSPECTN; REPORTS; SUBJ 2 INSPECT

Documents

Property Profile ›

Title Report ›

Site Plan ›

List of Improvements/Upgrades ›

Canon Perdido Income/Expenses ›

Rent Roll ›

Pest Inspection ›

Listing Office: Compass

Last Updated: September - 15 - 2024

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