Search Results For: 30 - Sb/gol South
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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: 11/02/2022

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

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

Contract Info

Current Price: $3,000,000 Price: 3095000 Buyers Agent $/%: 2 Begin Date: 2022-01-28 Status: Closed

Status Information

Sold Date: 2022-11-02 Sold Price: $3,000,000 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

Neighborhood/Schools

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

Remarks

Hot Sheet Comment: new

Owner Info

Deposit: 3

Miscellaneous

Parking Spaces: 8

Unit 1

# Units: 4 # Bedrooms: 2 # Baths: 1 Furnished: N Rent: 14550 Monthly Total: 9850

Unit 2

# Units: 2 # Bedrooms: 1 # Baths: 1 Monthly Total: 2200

Unit 3

# Units: 1 # Baths: 1 Rent: 2500 Monthly Total: 2500

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

Property Features

Condition: Good Parking Info: Uncovered Laundry: In Unit Amenities: Patio; Fireplace; Washer Flr/Wdw Coverings: Wood/Laminate Zoning: Other Terms: Cash; Ctnl Listing Type: EA Contingent Remarks: HOME INSPECTN; LOAN APPROVAL
Listing Office: Radius Group Commercial R.E.
Last Updated: November - 02 - 2022
GOLETA, CA 93111- MLS# 22-248
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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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