$1,850,000
$1,899,000
2.6%For more information regarding the value of a property, please contact us for a free consultation.
4,791 Sqft Lot
SOLD DATE : 06/11/2024
Key Details
Sold Price $1,850,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 24-1211
Sold Date 06/11/24
Lot Size 4,791 Sqft
Acres 0.11
Lot Dimensions 4791.6
Source Santa Barbara Multiple Listing Service
Property Description
Situated in the highly sought-after rental market of Isla Vista, the Turn-Key Duplex on Sabado Tarde offers an exceptional student housing opportunity. Located just moments from the prestigious University of California, Santa Barbara (UCSB), this meticulously remodeled 2-unit property presents a rare 5.2% cap rate based on current rents. The property features coveted amenities including off-street parking, a fenced backyard, and the potential for an Accessory Dwelling Unit (ADU) on its 4,791 SF parcel. Property is constantly leased at top market rents due to the renovated kitchens and bathrooms, alongside convenient in unit laundry machines and well-designed living spaces.
Location
State CA
County Santa Barbara
Interior
Laundry In Unit
Building
Lot Description Near Public Transit
Foundation Slab
New Construction No
Others
Tax ID 075-142-058
Security Features Smoke Detector(s)
Acceptable Financing Cash, Ctnl
Listing Terms Cash, Ctnl
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