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$ 5,850,000
Est. payment | /mo
9,672 SqFt
$ 5,850,000
Est. payment | /mo
9,672 SqFt
Key Details
Property Type Single Family Home
Listing Status Pending
Purchase Type For Sale
Square Footage 9,672 sqft
Price per Sqft $604
Subdivision 15 - Riviera/Lower
MLS Listing ID 25-1382
Originating Board Santa Barbara Multiple Listing Service
Year Built 1961
Lot Size 0.367 Acres
Acres 0.37
Lot Dimensions 16000.0
Property Description
Superb opportunity to acquire 16 units in two contiguous and well-maintained 8-unit multifamily properties located at the base of Santa Barbara's Lower Riviera neighborhood. The property's ideal location provides proximity to shopping, restaurants, downtown, multiple parks, and the Santa Barbara Bowl. This number of units in a location of this quality seldom comes available. Both buildings are two-story, garden-style walk-ups that provide an excellent unit mix of 4 X 2BD/1BA units and 12 X 1BD/1BA units. Each building offers large and functional layouts, on-site laundry rooms, good on-site parking and a communal front yard. There are four ground-floor units, two at each property, that enjoy an enclosed
outdoor patio. See ''more'' The properties have been well-maintained by the seller, with several updates to most units. Current rents are approximately 30-44% below market after an owner makes further updates. Please call listing agent for more information and a link to property documents including: Financials, building plans, General Building Inspection, SB721 Inspection, Pest Inspection, Roof Inspection, and Sewer Lateral Inspection.
outdoor patio. See ''more'' The properties have been well-maintained by the seller, with several updates to most units. Current rents are approximately 30-44% below market after an owner makes further updates. Please call listing agent for more information and a link to property documents including: Financials, building plans, General Building Inspection, SB721 Inspection, Pest Inspection, Roof Inspection, and Sewer Lateral Inspection.
Location
State CA
County Santa Barbara
Community 15 - Riviera/Lower
Interior
Laundry Laundry Room
Exterior
Parking Features Uncovered
Building
Lot Description Near Public Transit
Foundation Slab
Others
Tax ID 029-142-003
Acceptable Financing Cash, OMC 1st
Listing Terms Cash, OMC 1st
Listed by Hayes Commercial Group
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