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640 W Ortega Street, SANTA BARBARA, CA 93101

$2,995,000
Property Type: Res Inc Square Footage: 870 Lot Size (sq. ft.): 67,518 Status: Active
Current Price: $2,995,000 List Date: 4/16/2024 Last Modified: 4/16/2024

Description

Welcome to 640 & 644 W Ortega, Santa Barbara, CA! This fantastic property has been owned by the same family for over 45 years. This property offers two duplex buildings, providing a total of four units. Each unit features a comfortable layout with two bedrooms and one bathroom, making them ideal for both residents and potential tenants. Situated on a generous 1.55-acre lot, this property offers ample space and a serene environment with breathtaking mountain views. The expansive land provides opportunities for various uses and potentially expanding the existing building or potentially adding an ADU. The duplex buildings are well-maintained and offer a great investment opportunity. Whether you're looking to generate rental income or occupy one

Supplements: of the units while renting out the others, this property provides versatility and potential for a favorable return on investment. Located in Santa Barbara, CA, this property benefits from its prime location. Santa Barbara is known for its beautiful beaches, picturesque landscapes, and vibrant community. Residents and tenants will have convenient access to nearby amenities, schools, shopping centers, restaurants, and entertainment options. Don't miss the chance to own this income-producing property in Santa Barbara. Schedule a showing today and explore the potential of this duplex property on 1.55 acres of land! (Unit D is available to show and currently updating floors, please do NOT disturb tenants. This is a buildable lot, buyer to verify potential building opportunity with the city)

More Information MLS# 24-1171

Location Info

District: 20 - SB/WEST OF STATE Street #: 640 Dir: W Street Name: Ortega Street Suffix: Street State/Province: CA Postal Code: 93101 Compass Map: Santa Barbara Map Grid: O13 County: Santa Barbara Parcel Number: 035-060-016 Cross Street: San Andres

Contract Info

Current Price: $2,995,000 Price: 2995000 Buyers Agent $/%: 2.5 Begin Date: 2024-04-16 Status: Active

Property Information

Number of Units: 4 Year Built: 1979 Main House SqFt: 870 Apx # Acres: 1.55 Apx Lot SqFt: 67518 Recurring Fees: No

Neighborhood/Schools

Neighborhood: 20 - Westside Elementary School: McKinley Junior High School: S.B. Jr. High School: S.B. Sr.

Remarks

Hot Sheet Comment: new

Owner Info

Deposit: 3

Miscellaneous

Parking Spaces: 7 # Refrigerators: 4 # Stoves: 4

Unit 1

# Units: 4 # Bedrooms: 2 # Baths: 1 Furnished: N Rent: 3300 Monthly Total: 12160

Unit 2

# Units: 1 # Bedrooms: 2 # Baths: 1 Furnished: N Rent: 2730

Unit 3

# Units: 1 # Bedrooms: 2 # Baths: 1 Rent: 2630

Unit 4

# Units: 1 # Bedrooms: 2 # Baths: 1 Furnished: N Rent: 3500

Meters

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

Parking Info

Total # Carport Spaces: 4

Property Features

Unit 2: M/M Unit 3: M/M Unit 4: M/M Condition: Good Foundation: Slab; Raised Parking Info: Carport; Cpt #4; Detached Proximity: Near Bus; Near Hospital; Near Ocean; Near Park(s); Near School(s); Near Shopping Laundry: In Unit Amenities: Deck; Elec Stove; Dishwasher; Refrigerator Flr/Wdw Coverings: Carpet; Wood/Laminate Heating/Cooling: GFA Zoning: R-2 Reports Available: Prelim; Roof; Other Exchange: No Terms: Cash; Ctnl Listing Type: ER Pub Listing Details: Other Contingent Remarks: OTHER
Listing Office: eXp Realty of California, Inc.
Last Updated: April - 16 - 2024
640 W Ortega Street, SANTA BARBARA, CA 93101- MLS# 24-1171
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.

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