GOLETA, CA 93111
$3,000,000
Property Type:
Res Inc
Lot Size (sq. ft.):
21,344
Status:
Closed
Current Price:
$3,000,000
List Date:
1/28/2022
Last Modified:
9/15/2024
Description
This is a mixed-use property with one commercial and six residential units
across the street from Goleta Valley Cottage Hospital and close access to Hwy. 217 and U.S. 101 Freeway.
The residential units consist of (2) 1BD/1BA units and (4) 2BD/1BA units. All the residential units have been updated and are
in very good condition. This property is also zoned Community commercial, which gives the owner the ability to re-position the property at some point down the road. This property is low maintenance and an easy-to-manage opportunity for any investor. The renovations to the cottage units include: updated kitchens and baths, vaulted ceilings and laminate flooring, freshly painted exteriors and interiors, private patios/porches. Most units have their own washer and dryer.
Supplements: The commercial space is operating as a coffee shop currently and features commercial kitchen. PLEASE DO NOT DISTURB THE OCCUPANTS
More Information MLS# 22-248
Location Info
Country: US
Compass Map: Santa Barbara
Map Grid: H11
Cross Street: Patterson Ave
District: 30 - SB/GOL SOUTH
State: CA
Postal Code: 93111
County: Santa Barbara
Contract Info
Buyers Agent $/%: 2
Current Price: $3,000,000
Price: 3095000
Begin Date: 2022-01-28
Status: Closed
Property Information
Year Built: 1957
Apx # Acres: 0.49
Apx Lot Size FxD: 21344
Other Structures SqFt: 6750
Recurring Fees: No
Number of Units: 7
Neighborhood/Schools
Elementary School: Hollister
Junior High School: Gol Valley
High School: San Marcos
Owner Info
Deposit: 3
Remarks
Hot Sheet Comment: new
Condition
Good: 1
Miscellaneous
Parking Spaces: 8
Laundry
In Unit: 1
Amenities
Patio: 1
Fireplace: 1
Washer: 1
Unit 1
# Units: 4
# Bedrooms: 2
# Baths: 1
# Half Baths: 0
Furnished: N
Rent: 14550
Monthly Total: 9850
Income/Expenses
Total Monthly Income: 14550
Gross Rent Multiplr: 174600
Capitalization Rate: 3.79
Taxes: 32733
Insurance: 3450
Licenses: 1219
Water Expense: 3980
Maintenance Expense: 2400
Total Annual Exp: 53837
NOI: 117271
Unit 2
# Units: 2
# Bedrooms: 1
# Baths: 1
Monthly Total: 2200
Zoning
Other: 1
Terms
Cash: 1
Conventional: 1
Listing Type
EA: 1
Unit 3
# Units: 1
# Baths: 1
Rent: 2500
Monthly Total: 2500
Parking Info
Outside: 1
Flr/Wdw Coverings
Wood/Laminate: 1
Contingent Remarks
HOME INSPECTN: 1
LOAN APPROVAL: 1
Status Information
Sold Date: 2022-11-02
Sold Price: $3,000,000
Under Contract Date: 2022-02-09
Property Features
Condition: Good
Parking Info: Outside
Laundry: In Unit
Amenities: Patio; Fireplace; Washer
Zoning: Other
Terms: Cash; Conventional
Listing Type: EA
Contingent Remarks: HOME INSPECTN; LOAN APPROVAL
Listing Office:
Radius Group Commercial R.E.
Last Updated: September - 15 - 2024
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