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813 E Anapamu Street, SANTA BARBARA, CA 93101

$6,250,000
Property Type: Res Inc Lot Size (sq. ft.): 121,097 Status: Closed
Current Price: $6,250,000 List Date: 2/14/2013 Last Modified: 9/15/2024

Overview

Description

The Riviera Hills Apartments offers an unparalleled opportunity to buy Class A apartments in Santa Barbara with upside potential. This 23 unit complex sits at the base of the Santa Barbara Riviera where 87% of the units feature large ocean views, spacious decks and an average unit size of 980 SF. Two 1,500 SF penthouses top the apartment complex with views of the Bowl, Riviera, and Ocean.

Listing Details MLS# 13-513

Location Info

District
15 - SB/EAST OF STATE
Street #
813
Dir
E
Street Name
Anapamu
Street Suffix
Street
State
CA
Country
US
Postal Code
93101
Compass Map
Santa Barbara
Map Grid
P11
County
Santa Barbara
Parcel Number
029-150-040
Cross Street
Milpas

Contract Info

Price
6500000
Buyers Agent $/%
2.25
Begin Date
2013-02-14

Status Information

Sold Date
2014-05-30
Under Contract Date
2013-02-20

Property Information

Number of Units
23
Year Built
1962
Apx # Acres
2.78

Assessor's Data

Assessor Lot Acres
2.78
Assessor Year Built
0
Assessor SqFt
0

NeighborhoodSchools

Neighborhood
15 - Riviera/Lower

More Information

Remarks

Hot Sheet Comment
new

Owner Info

Deposit
195000

Miscellaneous

Parking Spaces
43

Unit 1

# Units
2
# Bedrooms
2
# Baths
2
Furnished
N
Rent
2650
Monthly Total
5300
# Half Baths
0

Unit 2

# Units
6
# Bedrooms
2
# Baths
2
Rent
2042
Monthly Total
12250

Unit 3

# Units
12
# Bedrooms
Yes
# Baths
Yes
Rent
1529
Monthly Total
18350

Unit 4

# Units
3
# Bedrooms
Yes
# Baths
Yes
Rent
1250
Monthly Total
3750

Meters

Sep Meter Elec
Y
Sep Meter Gas
Yes

Neighborhood/Schools

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

Condition

Good
Yes

Proximity

Near School(s)
Yes

Laundry

Laundry Room
Yes

Income/Expenses

Total Monthly Income
40000
Annual Income
480000
Gross Rent Multiplr
13.54
Capitalization Rate
4.52
Total Monthly Exp
171639
NOI
293961

Zoning

R-3
Yes
E-1
Yes
A-1
Yes

Terms

Cash
Yes
Conventional
Yes

Listing Type

ER
Yes

Property Features

Condition: Good Proximity: Near School(s) Laundry: Laundry Room Zoning: R-3; E-1; A-1 Terms: Cash; Conventional Listing Type: ER
IDX
Listing Office: Radius Group Commercial R.E.
Last Updated: September - 15 - 2024
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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