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:
3/27/2023
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
District: 20 - SB/WEST OF STATE
Street #: 613-15-23
Dir: W
Street Name: Sola
State/Province: CA
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
Current Price: $4,500,000
Price: 4850000
Financing: CTEL
Buyers Agent $/%: 2.5
Begin Date: 2023-01-04
Status: Closed
Status Information
Sold Date: 2023-03-14
Sold Price: $4,500,000
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
Neighborhood/Schools
Neighborhood: 20 - Westside
Elementary School: Harding
Junior High School: LaCumbre
High School: S.B. Sr.
Remarks
Hot Sheet Comment: new
Owner Info
Deposit: 20000
Miscellaneous
# Refrigerators: 11
# Stoves: 11
Unit 1
# Units: 11
# Bedrooms: 2
# Baths: 1
Furnished: N
Rent: 2350
Monthly Total: 24640
Unit 2
# Bedrooms: 2
# Baths: 1
Unit 3
# Bedrooms: 2
# Baths: 1
Unit 4
# Bedrooms: 2
# Baths: 1
Income/Expenses
Total Monthly Income: 24640
Other Income: 1764
Annual Income: 297444
Gross Rent Multiplr: 16.4
Vac Factor: 2
NOI: 145,750.00
Property Features
Unit 1: M/M
Unit 2: M/M
Unit 3: M/M
Unit 4: M/M
Condition: Good
Foundation: Slab
Parking Info: Uncovered
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; Ctnl
Listing Type: ER
Listing Office: Ronald L. Wolfe & Assoc. Inc.
Last Updated: March - 27 - 2023
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