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:
8/17/2021
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
District: 20 - SB/WEST OF STATE
Street #: 614
Dir: W
Street Name: Pedregosa
Street Suffix: Street
State/Province: CA
Postal Code: 93101
Compass Map: Santa Barbara
Map Grid: N12
County: Santa Barbara
Parcel Number: 043-131-024
Cross Street: San Andres Street
Contract Info
Current Price: $4,100,000
Price: 4375000
Buyers Agent $/%: 2
Begin Date: 2021-03-17
Status: Closed
Status Information
Sold Date: 2021-08-17
Sold Price: $4,100,000
Under Contract Date: 2021-04-14
Property Information
Number of Units: 10
Apx # Acres: 0.37
Recurring Fees: No
Neighborhood/Schools
Elementary School: Adams
Junior High School: LaCumbre
High School: San Marcos
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
Owner Info
Deposit: 3
Miscellaneous
Parking Spaces: 11
Unit 1
# Units: 10
# Bedrooms: 19
# Baths: 10
Furnished: N
Monthly Total: 22190
Income/Expenses
Annual Income: 266280
Capitalization Rate: 3.7
Vac Factor: 2
Parking Info
Total # Garage Spaces: 8
Total # Unconvered Spaces: 3
Property Features
Condition: Excellent
Foundation: Slab
Parking Info: Garages; Mixed
Laundry: Bldg
Zoning: Other
Terms: Cash; Ctnl
Listing Type: ER
Listing Office: Radius Group Commercial R.E.
Last Updated: August - 17 - 2021
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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.