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:
4/18/2019
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.
More Information MLS# 15-1887
Location Info
District: 15 - SB/EAST OF STATE
Street #: 901
Street Name: Olive
Street Suffix: Street
State/Province: CA
Postal Code: 93101
Compass Map: Santa Barbara
Map Grid: P12
County: Santa Barbara
Parcel Number: 029-302-018
Cross Street: Olive Street
Contract Info
Current Price: $17,850,000
Price: 18895000
Buyers Agent $/%: 1
Begin Date: 2015-06-05
Status: Closed
Status Information
Sold Date: 2015-11-17
Sold Price: $17,850,000
Under Contract Date: 2015-07-30
Property Information
Number of Units: 19
Year Built: 2015
Recurring Fees: No
Neighborhood/Schools
Elementary School: Roosevelt
Junior High School: S.B. Jr.
High School: S.B. Sr.
Remarks
Hot Sheet Comment: new
Owner Info
Deposit: 550000
Miscellaneous
Parking Spaces: 66
# Refrigerators: 19
# Stoves: 19
Unit 1
# Units: 9
# Bedrooms: 1
# Baths: 1
Furnished: N
Rent: 3544
Monthly Total: 58200
Unit 2
# Units: 10
# Baths: 1
Rent: 2630
Income/Expenses
Capitalization Rate: 5%
NOI: $938,039.00
Meters
Sep Meter Wtr: Y
Sep Meter Elec: Y
Sep Meter Gas: Yes
Property Features
Condition: Excellent
Parking Info: Com Garage
Proximity: Near Bus; Near School(s); Near Shopping
Laundry: In Unit
Amenities: Deck; Gas Stove; Dishwasher; Disposal; Refrigerator; Fire Spkl; Cable TV; Other
Flr/Wdw Coverings: Other
Heating/Cooling: Radia
Pets: Yes
Zoning: C-2
Terms: Cash; Ctnl
Listing Type: EA
Listing Office: Radius Group Commercial R.E.
Last Updated: April - 18 - 2019
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