$7,800,000
$7,995,000
2.4%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 08/01/2019
Key Details
Sold Price $7,800,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Santa Barbara: Other - 1000012
MLS Listing ID V0-219006262
Sold Date 08/01/19
HOA Y/N No
Year Built 1972
Property Description
Excellent investment opportunity to acquire a well located mid size Santa Barbara apartment complex with major rental upside potential. 528 West Los Olivos Street consists of (28) 1 bed/1 bath units located within blocks of Cottage Hospital and Oak Park. This property has been in the same family for more than 35 years and currently generates $40,862 in monthly income. The units are approximately 520 SF and are spread out over 4 buildings with each unit having one off-street parking space. There are an additional 10 off-street parking spaces along with a laundry room on the 37,683 SF lot. Upstairs units have vaulted ceilings and many of the downstairs units have enclosed patios.Offers are due May 31. Property tour May 29th from 11AM -1PM.
Location
State CA
County Santa Barbara
Area Vc81 - Santa Barbara
Zoning R-3
Interior
Flooring Carpet
Fireplace No
Building
Story 2
Entry Level Two
Level or Stories Two
Others
Tax ID 025160017
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
Special Listing Condition Standard
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Bought with Jonathan Standring • Beachside Partners
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "