215 Bath Street, SANTA BARBARA, CA 93101
$16,800,000
Property Type:
Res Inc
Square Footage:
27,132
Lot Size (sq. ft.):
43,124
Status:
Closed
Current Price:
$16,800,000
List Date:
3/30/2023
Last Modified:
8/31/2023
Description
215 Bath Street is a 52 unit generational multifamily asset n Santa Barbara located
within the famed West Beach neighborhood.
The property consists of 27 x 1BD/1BA units, 23
Studios and 2 x 2BD/1BA units in three separate
buildings creating a unique apartment community unlike most properties in the area. Residents enjoy ample on-site parking, use of an on-site laundry room, and a common courtyard with in-ground swimming pool and lounge area.
The property's location in West Beach provides
unparalleled conveniences to the Funk Zone, Santa Barbara Harbor, Stearns Wharf, State Street and proximity to Santa Barbara City College (''SBCC'') as well as easy Hwy 101 access. Offers are due 4/13/2023 by 5 PM (''Bid Date''). Seller reserves the right to accept an offer prior to the Bid Date.
More Information MLS# 23-822
Location Info
District: 20 - SB/WEST OF STATE
Street #: 215
Street Name: Bath
Street Suffix: Street
State/Province: CA
Postal Code: 93101
Compass Map: Santa Barbara
Map Grid: P13
County: Santa Barbara
Parcel Number: 033-031-022
Cross Street: Montecito St
Walk Score: 90
Bike Score: 99
Contract Info
Current Price: $16,800,000
Price: 19000000
Financing: CTNL
Buyers Agent $/%: 1.5
Begin Date: 2023-03-30
Status: Closed
Status Information
Sold Date: 2023-08-31
Sold Price: $16,800,000
Under Contract Date: 2023-06-08
Property Information
Number of Units: 52
Stories: 2
Year Built: 1930
Main House SqFt: 27132
Apx # Acres: 0.99
Apx Lot SqFt: 43124
Recurring Fees: No
Neighborhood/Schools
Neighborhood: 20 - West Beach
Elementary School: McKinley
Junior High School: LaCumbre
High School: S.B. Sr.
Remarks
Hot Sheet Comment: new
Owner Info
Deposit: 3
Miscellaneous
Parking Spaces: 50
Unit 1
# Units: 27
# Bedrooms: 1
# Baths: 1
Furnished: N
Monthly Total: 51105
Unit 2
# Units: 23
# Baths: 1
Monthly Total: 35631
Unit 3
# Units: 2
# Bedrooms: 2
# Baths: 1
Monthly Total: 6383
Income/Expenses
Total Monthly Income: 93119
Other Income: 6200
Annual Income: 1123631
Meters
Sep Meter Elec: Y
Sep Meter Gas: Yes
Parking Info
Total # Unconvered Spaces: 50
Property Features
Proximity: Near Bus; Near Hospital; Near Ocean; Near Park(s); Near School(s); Near Shopping
Laundry: Laundry Room
Amenities: Pool
Zoning: R-4
Exchange: Yes
Terms: Cash
Listing Type: ER
Listing Office: Hayes Commercial Group
Last Updated: August - 31 - 2023
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