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901 Olive Street, SANTA BARBARA, CA 93101

$17,850,000
Property Type: Res Inc Status: Closed
Current Price: $17,850,000 List Date: 7/20/2015 Last Modified: 9/15/2024

Overview

Description

This newly constructed 100% leased mixed-use project boasts an attractive blend of 19,213 SF refurbished contemporary office space and 19 brand new luxury loft-style residential units—the first new construction of apartments in downtown Santa Barbara since the 1970’s! A turn-key offering for investors seeking a first class,low maintenance asset in a superior Central Coast location.

Listing Details MLS# 15-1887

Location Info

District
15 - SB/EAST OF STATE
Street #
901
Street Name
Olive
Street Suffix
Street
State
CA
Country
US
Postal Code
93101
Compass Map
Santa Barbara
Map Grid
P12
County
Santa Barbara
Parcel Number
029-302-018
Cross Street
Olive Street

Contract Info

Price
18895000
Buyers Agent $/%
Yes
Begin Date
2015-06-05

Status Information

Sold Date
2015-11-17
Under Contract Date
2015-07-30

Property Information

Number of Units
19
Year Built
2015
Recurring Fees
No

Remarks

Hot Sheet Comment
new

Owner Info

Deposit
550000

More Information

Miscellaneous

Parking Spaces
66
# Refrigerators
19
# Stoves
19

Unit 1

# Units
9
# Bedrooms
Yes
# Baths
Yes
Furnished
N
Rent
3544
Monthly Total
58200
# Half Baths
0

Unit 2

# Units
10
# Baths
Yes
Rent
2630

Meters

Sep Meter Wtr
Y
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

Excellent
Yes

Proximity

Near Bus
Yes
Near School(s)
Yes
Near Shopping
Yes

Laundry

In Unit
Yes

Amenities

Deck
Yes
Fire Spkl
Yes
Cable TV
Yes
Gas Stove
Yes
Dishwasher
Yes
Disposal
Yes
Refrigerator
Yes
Other
Yes

Income/Expenses

Capitalization Rate
5%
NOI
$938,039.00

Heating

Radia
Yes

Pets

Yes
Yes

Zoning

C-2
Yes

Terms

Cash
Yes
Conventional
Yes

Listing Type

EA
Yes

Parking Info

Other
Yes

Flr/Wdw Coverings

Other
Yes

Property Features

Condition: Excellent Parking Info: Other Proximity: Near Bus; Near School(s); Near Shopping Laundry: In Unit Amenities: Deck; Gas Stove; Dishwasher; Disposal; Refrigerator; Fire Spkl; Cable TV; Other Heating: Radia Pets: Yes Zoning: C-2 Terms: Cash; Conventional Listing Type: EA
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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