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:
4/19/2019
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.
More Information MLS# 13-513
Location Info
District: 15 - SB/EAST OF STATE
Street #: 813
Dir: E
Street Name: Anapamu
Street Suffix: Street
State/Province: CA
Postal Code: 93101
Compass Map: Santa Barbara
Map Grid: P11
County: Santa Barbara
Parcel Number: 029-150-040
Cross Street: Milpas
Contract Info
Current Price: $6,250,000
Price: 6500000
Buyers Agent $/%: 2.25
Begin Date: 2013-02-14
Status: Closed
Status Information
Sold Date: 2014-05-30
Sold Price: $6,250,000
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
Neighborhood/Schools
Neighborhood: 15 - Riviera/Lower
Elementary School: Roosevelt
Junior High School: S.B. Jr.
High School: S.B. Sr.
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
Unit 2
# Units: 6
# Bedrooms: 2
# Baths: 2
Rent: 2042
Monthly Total: 12250
Unit 3
# Units: 12
# Bedrooms: 1
# Baths: 1
Rent: 1529
Monthly Total: 18350
Unit 4
# Units: 3
# Bedrooms: 1
# Baths: 1
Rent: 1250
Monthly Total: 3750
Income/Expenses
Total Monthly Income: 40000
Annual Income: 480000
Gross Rent Multiplr: 13.54
Capitalization Rate: 4.52
Total Monthly Exp: 171639
NOI: 293961
Meters
Sep Meter Elec: Y
Sep Meter Gas: Yes
Property Features
Condition: Good
Proximity: Near School(s)
Laundry: Laundry Room
Zoning: R-3; E-1; A-1
Terms: Cash; Ctnl
Listing Type: ER
Listing Office: Radius Group Commercial R.E.
Last Updated: April - 19 - 2019
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