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613-15-23 W Sola, SANTA BARBARA, CA 93101

$4,500,000
Property Type: Res Inc Lot Size (sq. ft.): 19,166 Status: Closed
Current Price: $4,500,000 List Date: 1/05/2023 Last Modified: 9/15/2024

Overview

Description

11 Two bedroom one bath units owned by same owner for 47 years. Sale is due to death of owner. Conveniently located. Good neighborhood, close to downtown and mesa. Long term occupants. Current loan balance of $2,240,000.00 is assumable at 3.9% with 1% fee.

Listing Details MLS# 23-26

Location Info

District
20 - SB/WEST OF STATE
Street #
613-15-23
Dir
W
Street Name
Sola
State
CA
Country
US
Postal Code
93101
Compass Map
Santa Barbara
Map Grid
N12
County
Santa Barbara
Parcel Number
039-101-021
Cross Street
San Andres
Walk Score
74

Contract Info

Price
4850000
Financing
CTEL
Buyers Agent $/%
2.5
Begin Date
2023-01-04

Status Information

Sold Date
2023-03-14
Under Contract Date
2023-01-31

Property Information

Number of Units
11
Stories
2
Year Built
1970
Apx Lot Size FxD
128x149
Apx # Acres
0.44
Recurring Fees
No

NeighborhoodSchools

Neighborhood
20 - Westside

Remarks

Hot Sheet Comment
new

More Information

Owner Info

Deposit
20000

Miscellaneous

# Refrigerators
11
# Stoves
11

Unit 1

# Units
11
# Bedrooms
2
# Baths
Yes
Furnished
N
Rent
2350
Monthly Total
24640
# Half Baths
0
M/M
Yes

Unit 2

# Bedrooms
2
# Baths
Yes
M/M
Yes

Unit 3

# Bedrooms
2
# Baths
Yes
M/M
Yes

Unit 4

# Bedrooms
2
# Baths
Yes
M/M
Yes

Neighborhood/Schools

Elementary School
Harding
Junior High School
LaCumbre
High School
S.B. Sr.

Condition

Good
Yes

Foundation

Slab
Yes

Proximity

Near Bus
Yes
Near Ocean
Yes
Near School(s)
Yes

Laundry

Laundry Room
Yes

Amenities

Patio
Yes
Refrigerator
Yes

Income/Expenses

Total Monthly Income
24640
Other Income
1764
Annual Income
297444
Gross Rent Multiplr
16.4
Vac Factor
2
NOI
145,750.00

Pets

No
Yes

Zoning

R-3
Yes

Reports Available

Pest Inspection
Yes
Prelim
Yes
Roof
Yes
Leases
Yes
NHD
Yes

Terms

Cash
Yes
Conventional
Yes

Listing Type

ER
Yes

Parking Info

Outside
Yes

Exchange

No
Yes

Property Features

Unit 1: M/M Unit 2: M/M Unit 3: M/M Unit 4: M/M Condition: Good Foundation: Slab Parking Info: Outside Proximity: Near Bus; Near Ocean; Near School(s) Laundry: Laundry Room Amenities: Patio; Refrigerator Pets: No Zoning: R-3 Reports Available: Pest Inspection; Prelim; Roof; Leases; NHD Exchange: No Terms: Cash; Conventional Listing Type: ER
IDX
Listing Office: Ronald L. Wolfe & Assoc. Inc.
Last Updated: September - 15 - 2024
The data relating to real estate for sale on this web site comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. Real estate listings held by brokerage firms other than the displaying broker(s) are marked with the 'MLS' logo and detailed information about them includes the name of the listing brokers. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor displaying broker shall be responsible for any typographical errors, misinformation, or misprints. 2015 Santa Barbara Multiple Listing Service. All rights reserved.

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