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
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.
More Information MLS# 23-26
Location Info
Country: US
Compass Map: Santa Barbara
Map Grid: N12
Cross Street: San Andres
Walk Score: 74
District: 20 - SB/WEST OF STATE
Street #: 613-15-23
Dir: W
Street Name: Sola
State: CA
Postal Code: 93101
County: Santa Barbara
Parcel Number: 039-101-021
Contract Info
Financing: CTEL
Buyers Agent $/%: 2.5
Current Price: $4,500,000
Price: 4850000
Begin Date: 2023-01-04
Status: Closed
Property Information
Year Built: 1970
Stories: 2
Apx # Acres: 0.44
Apx Lot Size FxD: 128x149
Recurring Fees: No
Number of Units: 11
Neighborhood/Schools
Elementary School: Harding
Junior High School: LaCumbre
High School: S.B. Sr.
Owner Info
Deposit: 20000
Remarks
Hot Sheet Comment: new
Condition
Good: 1
Foundation
Slab: 1
Miscellaneous
# Refrigerators: 11
# Stoves: 11
Proximity
Near Bus: 1
Near Ocean: 1
Near School(s): 1
Laundry
Laundry Room: 1
Amenities
Patio: 1
Refrigerator: 1
Unit 1
# Units: 11
# Bedrooms: 2
# Baths: 1
# Half Baths: 0
Furnished: N
Rent: 2350
M/M: 1
Monthly Total: 24640
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: 1
Unit 2
# Bedrooms: 2
# Baths: 1
M/M: 1
Zoning
R-3: 1
Reports Available
Pest Inspection: 1
Prelim: 1
Roof: 1
Leases: 1
NHD: 1
Terms
Cash: 1
Conventional: 1
Listing Type
ER: 1
Unit 3
# Bedrooms: 2
# Baths: 1
M/M: 1
Unit 4
# Bedrooms: 2
# Baths: 1
M/M: 1
Parking Info
Outside: 1
Exchange
No: 1
Status Information
Sold Date: 2023-03-14
Sold Price: $4,500,000
Under Contract Date: 2023-01-31
NeighborhoodSchools
Neighborhood: 20 - Westside
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
Listing Office:
Ronald L. Wolfe & Assoc. Inc.
Last Updated: September - 15 - 2024
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