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717 Cook Avenue, SANTA BARBARA, CA 93101

$1,235,000
Property Type: Res Inc Status: Closed
Current Price: $1,235,000 List Date: 1/19/2021 Last Modified: 4/06/2021

Description

This four-plex is a desirable bread & butter investment property. Cook Ave. is a one block long street on the Westside of Santa Barbara between Chino & San Andres Street. There are two units downstairs, & two units upstairs. Each level has a 2 bedroom, 1 bath apartment & a 1 bedroom, 1 bath apartment. There are four uncovered parking spaces behind the building. The driveway & parking were resurfaced with new asphalt in 2019. A laundromat is at the neighboring commercial plaza along with Foodland Grocery & other retail stores. Storage space below the stairs might be a space to improve if on-site laundry is desired. Stable tenants have resided here long term. Rents are currently low with little turnover or vacancy. Some units have been updated when repairs have been made.

Supplements: The location has convenient access to downtown Santa Barbara, schools, nearby shopping, restaurants, Cottage Hospital, and the freeway.

More Information MLS# 21-193

Location Info

District: 20 - SB/WEST OF STATE Street #: 717 Street Name: Cook Street Suffix: Avenue State/Province: CA Postal Code: 93101 Compass Map: Santa Barbara Map Grid: N12 County: Santa Barbara Parcel Number: 043-244-004 Cross Street: Chino

Contract Info

Current Price: $1,235,000 Price: 1375000 Buyers Agent $/%: 2.5 Begin Date: 2021-01-19 Status: Closed

Status Information

Sold Date: 2021-03-31 Sold Price: $1,235,000 Under Contract Date: 2021-01-27

Property Information

Number of Units: 4 Stories: 2 Year Built: 1970 Recurring Fees: No

Neighborhood/Schools

Neighborhood: 20 - Westside Elementary School: Harding Junior High School: LaCumbre High School: S.B. Sr.

Remarks

COVID Showing Remarks: After acceptance of an offer all showings will be by appointment with listing agent. CAR Mandatory Gov't Showing Requirements and Best Practices (BPPP). Prior to showing, send electronically to the listing agent the CAR PEAD-V form signed by all visitors. Persons visiting the property must agree to the Posted Rules for Entry (PRE) which is included in the MLS supplement section. Masks required. Hot Sheet Comment: new

Owner Info

Deposit: 3

Miscellaneous

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

Unit 1

# Units: 1 # Bedrooms: 1 # Baths: 1 Furnished: N Rent: 1600 Monthly Total: 1600

Unit 2

# Units: 1 # Bedrooms: 2 # Baths: 1 Furnished: N Rent: 1845 Monthly Total: 1845

Unit 3

# Units: 1 # Bedrooms: 1 # Baths: 1 Furnished: N Rent: 1525 Monthly Total: 1525

Unit 4

# Units: 1 # Bedrooms: 2 # Baths: 1 Furnished: N Rent: 1845 Monthly Total: 1845

Income/Expenses

Total Monthly Income: 6815 Annual Income: 81780 Gross Rent Multiplr: 16.8 Capitalization Rate: 4.7 Taxes: 5546 Insurance: 2601 Water Expense: 5450 Trash Expense: 1375 Maintenance Expense: 2100 Total Monthly Exp: 1423 Total Annual Exp: 17072

Meters

Sep Meter Elec: Y Sep Meter Gas: Yes

Parking Info

Total # Unconvered Spaces: 4

Property Features

Unit 1: M/M Unit 2: M/M Unit 3: M/M Unit 4: M/M Income/Expenses: Actual Condition: Average Foundation: Slab Parking Info: Uncovered; Unc #4 Proximity: Near Bus; Near Hospital; Near Ocean; Near Park(s); Near School(s); Near Shopping Laundry: None Flr/Wdw Coverings: Carpet; Tile; Vinyl; Wnd/Cv Prt Security: Smoke Detector(s) Heating/Cooling: Wall Owner Provides: Water; Trash Zoning: R-2 Terms: Cash; Ctnl Listing Type: ER Contingent Remarks: HOME INSPECTN; REPORTS; SUBJ 2 INSPECT
Listing Office: Village Properties - 1
Last Updated: April - 06 - 2021
717 Cook Avenue, SANTA BARBARA, CA 93101- MLS# 21-193
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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