, GOLETA, CA 93111 (MLS# 22-248)

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GOLETA, CA 93111

$3,000,000

5392-5400-Hollister-Avenue-Goleta-CA-931

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

Overview

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

Listing Details MLS# 22-248

Location Info

District: 30 - SB/GOL SOUTH
State: CA
Country: US
Postal Code: 93111
Compass Map: Santa Barbara
Map Grid: H11
County: Santa Barbara
Cross Street: Patterson Ave

Contract Info

Price: 3095000
Buyers Agent $/%: 2
Begin Date: 2022-01-28

Status Information

Sold Date: 2022-11-02
Under Contract Date: 2022-02-09

Property Information

Number of Units: 7
Year Built: 1957
Other Structures SqFt: 6750
Apx Lot Size FxD: 21344
Apx # Acres: 0.49
Recurring Fees: No

Remarks

Hot Sheet Comment: new

Owner Info

Deposit: 3

More Information

Miscellaneous

Parking Spaces: 8

Unit 1

# Units: 4
# Bedrooms: 2
# Baths: Yes
Furnished: N
Rent: 14550
Monthly Total: 9850
# Half Baths: 0

Unit 2

# Units: 2
# Bedrooms: Yes
# Baths: Yes
Monthly Total: 2200

Unit 3

# Units: Yes
# Baths: Yes
Rent: 2500
Monthly Total: 2500

Neighborhood/Schools

Elementary School: Hollister
Junior High School: Gol Valley
High School: San Marcos

Condition

Good: Yes

Laundry

In Unit: Yes

Amenities

Patio: Yes
Fireplace: Yes
Washer: Yes

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

Zoning

Other: Yes

Terms

Cash: Yes
Conventional: Yes

Listing Type

EA: Yes

Parking Info

Outside: Yes

Flr/Wdw Coverings

Wood/Laminate: Yes

Contingent Remarks

HOME INSPECTN: Yes
LOAN APPROVAL: Yes

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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