614 W Pedregosa Street, SANTA BARBARA, CA 93101
$4,100,000
Property Type:
Res Inc
Lot Size (sq. ft.):
16,117
Status:
Closed
Current Price:
$4,100,000
List Date:
3/17/2021
Last Modified:
9/15/2024
Description
This well maintained 10-unit property is located on Santa Barbara's Westside. The property includes 2 buildings with 9 apartments and a stand-alone house. The apartments include (1) 3BD+1BA, (4) 2BD+1BA, and (4) 1BD+1BA. The house is a 3BD+1BA. The property also boasts ample off street parking including 8 garages and 3 additional spaces.
Nestled on a residential block with only light traffic, the two buildings are sited on a deep lot with lush landscaping providing a quiet, oasis-like feel despite being just blocks from the Mission St. and 101 Freeway interchange. The units are located near Harding School & La Cumbre Junior High, with downtown Santa Barbara in easy bicycle distance.
Supplements: This property has not been available for sale in decades and is competitively priced at $437,000/unit with a proforma cap rate of 4.2%. Access to the building subject to accepted offer. Please contact listing agent for available inspections. Please do not disturb the occupants.
More Information MLS# 21-977
Location Info
Country: US
Compass Map: Santa Barbara
Map Grid: N12
Cross Street: San Andres Street
District: 20 - SB/WEST OF STATE
Street #: 614
Dir: W
Street Name: Pedregosa
Street Suffix: Street
State: CA
Postal Code: 93101
County: Santa Barbara
Parcel Number: 043-131-024
Contract Info
Buyers Agent $/%: 2
Current Price: $4,100,000
Price: 4375000
Begin Date: 2021-03-17
Status: Closed
Property Information
Year Built: 0
Apx # Acres: 0.37
Recurring Fees: No
Number of Units: 10
Neighborhood/Schools
Elementary School: Adams
Junior High School: LaCumbre
High School: San Marcos
Owner Info
Deposit: 3
Remarks
COVID Showing Remarks: Prior to entering the property, ALL VISITORS are required to receive CAR form BPPP AND CAR form PRE (attached).
Please call Listing Agent for more details.
Hot Sheet Comment: new
Condition
Excellent: 1
Foundation
Slab: 1
Miscellaneous
Parking Spaces: 11
Laundry
Bldg: 1
Unit 1
# Units: 10
# Bedrooms: 19
# Baths: 10
# Half Baths: 0
Furnished: N
Rent: 0
Monthly Total: 22190
Income/Expenses
Annual Income: 266280
Capitalization Rate: 3.7
Vac Factor: 2
Zoning
Other: 1
Terms
Cash: 1
Conventional: 1
Listing Type
ER: 1
Parking Info
Mixed: 1
Garage: 1
Total # Garage Spaces: 8
Total # Unconvered Spaces: 3
Status Information
Sold Date: 2021-08-17
Sold Price: $4,100,000
Under Contract Date: 2021-04-14
Property Features
Condition: Excellent
Foundation: Slab
Parking Info: Mixed; Garage
Laundry: Bldg
Zoning: Other
Terms: Cash; Conventional
Listing Type: ER
Listing Office:
Radius Group Commercial R.E.
Last Updated: September - 15 - 2024
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