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
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.
More Information MLS# 21-2100
Location Info
Country: US
Compass Map: Santa Barbara
Map Grid: O13
Cross Street: San Andres
District: 20 - SB/WEST OF STATE
Street #: 605
Dir: W
Street Name: Canon Perdido
Street Suffix: Street
State: CA
Postal Code: 93101
County: Santa Barbara
Parcel Number: 037-021-009
Contract Info
Financing: Fixed
Buyers Agent $/%: 2.5
Current Price: $3,150,000
Price: 3350000
Begin Date: 2021-06-09
Status: Closed
Property Information
Year Built: 0
Apx Lot SqFt: 10018
Apx # Acres: 0.23
Recurring Fees: No
Number of Units: 7
Neighborhood/Schools
Elementary School: McKinley
Junior High School: LaCumbre
High School: San Marcos
Owner Info
Deposit: 3
Remarks
Hot Sheet Comment: price
Condition
Excellent: 1
Foundation
Slab: 1
Mixed: 1
Proximity
Near Bus: 1
Near Hospital: 1
Near Ocean: 1
Near Park(s): 1
Near School(s): 1
Near Shopping: 1
Laundry
In Unit: 1
Amenities
Patio: 1
Fncd Prt: 1
Unit 1
# Units: 6
# Bedrooms: 1
# Baths: 1
# Half Baths: 0
Furnished: N
Rent: 14725
Monthly Total: 14725
Income/Expenses
Total Monthly Income: 16700
Annual Income: 200400
Capitalization Rate: 4
Security
Smoke Detector(s): 1
Heating
Elec: 1
Wall: 1
Cooling
Ceiling Fan(s): 1
Pets
Yes: 1
Unit 2
# Units: 1
# Bedrooms: 0
# Baths: 1
# Half Baths: 0
Rent: 1975
Monthly Total: 1975
Zoning
CLA: 1
Terms
Cash: 1
Conventional: 1
Listing Type
ER: 1
Meters
Sep Meter Elec: Y
Sep Meter Gas: Yes
Parking Info
Mixed: 1
Garage: 1
Gar #5: 1
Outside: 1
Unc #5: 1
Total # Garage Spaces: 5
Flr/Wdw Coverings
Carpet: 1
Wood/Laminate: 1
Pub Listing Details
Agt Related Prncpl: 1
Contingent Remarks
HOME INSPECTN: 1
REPORTS: 1
SUBJ 2 INSPECT: 1
Status Information
Sold Date: 2021-12-03
Sold Price: $3,150,000
Under Contract Date: 2021-09-30
NeighborhoodSchools
Neighborhood: 20 - Westside
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 ›
Listing Office:
Compass
Last Updated: September - 15 - 2024
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