622 & 630 E Victoria St, SANTA BARBARA, CA 93103 (MLS# 25-1382)

Your search results

622 & 630 E Victoria St, SANTA BARBARA, CA 93103

$5,850,000

Property Type: Res Inc Square Footage: 9,672 Lot Size (sq. ft.): 16,000 Status: Closed

Current Price: $5,850,000 List Date: 4/08/2025 Last Modified: 6/16/2025

Overview

Description

Superb opportunity to acquire 16 units in two contiguous and well-maintained 8-unit multifamily properties located at the base of Santa Barbara's Lower Riviera neighborhood. The property's ideal location provides proximity to shopping, restaurants, downtown, multiple parks, and the Santa Barbara Bowl. This number of units in a location of this quality seldom comes available. Both buildings are two-story, garden-style walk-ups that provide an excellent unit mix of 4 X 2BD/1BA units and 12 X 1BD/1BA units. Each building offers large and functional layouts, on-site laundry rooms, good on-site parking and a communal front yard. There are four ground-floor units, two at each property, that enjoy an enclosed outdoor patio. See ''more''

Supplements: The properties have been well-maintained by the seller, with several updates to most units. Current rents are approximately 30-44% below market after an owner makes further updates. Please call listing agent for more information and a link to property documents including: Financials, building plans, General Building Inspection, SB721 Inspection, Pe ... (Read more)

Listing Details MLS# 25-1382

Location Info

District: 15 - SB/EAST OF STATE
Street #: 622 & 630
Dir: E
Street Name: Victoria St
State: CA
Country: US
Postal Code: 93103
Compass Map: Santa Barbara
Map Grid: O11
County: Santa Barbara
Parcel Number: 029-142-003
Cross Street: Alta Vista
Walk Score: 76

Contract Info

Price: 5850000
Seller Consider Concessions: Yes
Begin Date: 2025-04-08

Status Information

Sold Date: 2025-06-16
Under Contract Date: 2025-04-15

Property Information

Number of Units: 16
Stories: 2
Year Built: 1961
Main House SqFt: 9672
Apx Lot SqFt: 16000
Recurring Fees: No

NeighborhoodSchools

Neighborhood: 15 - Riviera/Lower

Remarks

Hot Sheet Comment: new

More Information

Owner Info

Deposit: 175500

Miscellaneous

Parking Spaces: 16

Unit 1

# Units: 4
# Bedrooms: 2
# Baths: Yes
Furnished: N
Rent: 2525
Monthly Total: 10100
# Half Baths: 0

Unit 2

# Units: 12
# Bedrooms: Yes
# Baths: Yes
Rent: 1927
Monthly Total: 23125

Meters

Sep Meter Wtr: N
Sep Meter Elec: Y
Sep Meter Gas: Yes

Parking Info

Total # Unconvered Spaces: 12
Outside: Yes

Neighborhood/Schools

Elementary School: Roosevelt
Junior High School: S.B. Jr.
High School: S.B. Sr.

Foundation

Slab: Yes

Proximity

Near Bus: Yes
Near Hospital: Yes
Near Ocean: Yes
Near Park(s): Yes
Near School(s): Yes
Near Shopping: Yes

Laundry

Laundry Room: Yes

Income/Expenses

Total Monthly Income: 33225
Other Income: 368
Annual Income: 403112
Gross Rent Multiplr: 14.51
Capitalization Rate: 4.23
Actual: Yes
Total Monthly Exp: 12277
Total Annual Exp: 147323
NOI: 247727

Zoning

R-3: Yes
Other: Yes

Reports Available

TDS: Yes
Home Inspection: Yes
Pest Inspection: Yes
Prelim: Yes
Roof: Yes
Other: Yes

Terms

Cash: Yes
OMC 1st: Yes

Listing Type

ER: Yes

Owner Provides

Water: Yes
Trash: Yes
Other: Yes

Exchange

No: Yes

Property Features

Foundation: Slab Parking Info: Outside Proximity: Near Bus; Near Hospital; Near Ocean; Near Park(s); Near School(s); Near Shopping Laundry: Laundry Room Owner Provides: Water; Trash; Other Zoning: R-3; Other Reports Available: TDS; Home Inspection; Pest Inspection; Prelim; Roof; Other Exchange: No Terms: Cash; OMC 1st Listing Type: ER

Listing Office: Hayes Commercial Group

Last Updated: June - 16 - 2025

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.