1045-1049 Elm Ln

    Carpinteria, CA 93013
    • $5,600,000
    • STATUS: Closed
    • ON SITE: 377 days
    • MLS #: 17-3649
    Sold - 03/21/2018
    $5,600,000
    SOLD - 03/21/2018
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    Listing provided courtesy of Hayes Commercial Group.

    Description

    Rarely does an asset come available on the South Coast that offers a full package: an A+ location, quality units with a good mix, and long-term stability. This pride-of-ownership property in coastal Carpinteria consists of 18 units on three separate parcels in three separate buildings -- one duplex and two eight-unit buildings. Just a block from Linden Avenue in thecenter of downtown Carpinteria, this prized asset is near restaurants, shops, tasting rooms, parks, beaches and the other amenities that make Carpinteria one of California's best beach towns. The units at Elm Lane have been updated with granite countertops, new cabinetry, dual pane windows, tile and wood floors, appliances, and finishes. This is one of the best rental properties that Carpinteria has to offer.

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    © 2018 Santa Barbara Multiple Listing Service. All rights reserved. Based on information from the Santa Barbara MLS as of 2018-11-14T17:47:13.59. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Data last updated 2018-11-14T17:47:13.59.
    www.theziagroup.com/homes/78411033

    1045-1049 Elm Ln Carpinteria, CA 93013

    • Price: $5,795,000
    • Status: Closed
    • Updated: 59 min ago
    • MLS #: 17-3649
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    Neighborhood:
    Carpinteria-Summerland
    County:
    Santa Barbara
    Area:
    Carpinteria-Summerland
    Elementary School:
    Main
    Middle School:
    Carp. Jr.
    High School:
    Carp. Sr.
    Property Description
    Rarely does an asset come available on the South Coast that offers a full package: an A+ location, quality units with a good mix, and long-term stability. This pride-of-ownership property in coastal Carpinteria consists of 18 units on three separate parcels in three separate buildings -- one duplex and two eight-unit buildings. Just a block from Linden Avenue in thecenter of downtown Carpinteria, this prized asset is near restaurants, shops, tasting rooms, parks, beaches and the other amenities that make Carpinteria one of California's best beach towns. The units at Elm Lane have been updated with granite countertops, new cabinetry, dual pane windows, tile and wood floors, appliances, and finishes. This is one of the best rental properties that Carpinteria has to offer.
    Exterior Features

    Parking Spaces 20.00

    Interior Features

    Unit1 Baths 1.00 Unit1 Bedrooms 3.00 Unit1 Half Baths 1.00 Unit2 Baths 1.00 Unit2 Bedrooms 2.00 Unit2 Half Baths 1.00 Unit3 Baths 1.00 Unit3 Bedrooms 2.00 Unit4 Baths 1.00 Unit4 Bedrooms 1.00

    Property Features

    Cross Street Carpinteria Ave Deposit 0.00 Income Expenses Actual Income Expenses Annual Income 421721.00 Income Expenses Capitalization Rate 4.41 Income Expenses Gross Rent Multiplier 13.74 Income Expenses NOI 255526 Income Expenses Other Income 2643.00 Income Expenses Total Annual Exp 157761.00 Income Expenses Total Monthly Income 32500.00 Terms Cash Unit1 Furnished No Unit1 Monthly Total 3000.00 Unit1 Rent 3000.00 Unit1 Units 1.00 Unit2 Monthly Total 2500.00 Unit2 Rent 2500.00 Unit2 Units 1.00 Unit3 Monthly Total 7500.00 Unit3 Rent 1875.00 Unit3 Units 4.00 Unit4 Monthly Total 19500.00 Unit4 Rent 1625.00 Unit4 Units 12.00 Zoning Other

    Listing information © 2018 Santa Barbara MLS
    Listing provided courtesy of Hayes Commercial Group.



    © 2018 Santa Barbara Multiple Listing Service. All rights reserved. Based on information from the Santa Barbara MLS as of 2018-11-14T17:47:13.59. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Data last updated 2018-11-14T17:47:13.59.
     
    The Zia Group
    1435 Anacapa Street
    Santa Barbara CA, 93101
    Listing provided courtesy of Hayes Commercial Group.