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    1532 Castillo St

    Santa Barbara, CA 93101
    • $2,350,000
    • STATUS: Active
    • ON SITE: 24 days
    • MLS #: 21-1902
    UPDATED: 158 min ago
    $2,350,000
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1913
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    Listing provided courtesy of Compass.

    Description

    A beautifully renovated 1913 Colonial in the heart of Downtown Santa Barbara, 1532 Castillo is an incredibly stable turnkey investment in an A+ location. The fully leased triplex boasts market rents, a strong rental history, low maintenance costs and R-4 zoning. The main house has 5 beds & 3 baths, and has undergone a full renovation, including a new kitchen & bathrooms, all new electrical & plumbing and ductless heat & AC. The detached rear duplex has also undergone a full renovation, and features wood floors, updated kitchens, AC & in-unit laundry. Currently generating $132,000 in rental income annually, the property is being offered at a 4% cap rate. Perfect for an investor looking for an income-producing asset, or an owner/user who wants to live in the front home & rent out the back.Showings subject to accepted offer.

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    © 2021 Santa Barbara Multiple Listing Service. All rights reserved. Based on information from the Santa Barbara MLS as of 2021-06-19T23:46:50.077. 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 2021-06-19T23:46:50.077.
    www.theziagroup.com/homes/117618859
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    1532 Castillo St Santa Barbara, CA 93101

    • Price: $2,350,000
    • Status: Active
    • Updated: 158 min ago
    • MLS #: 21-1902
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    1913
    Built
    Neighborhood:
    15 Or 20 - Downtown
    County:
    Santa Barbara
    Area:
    SB/East of State
    Elementary School:
    Peabody
    Middle School:
    S.B. Jr.
    High School:
    S.B. Sr.
    Property Description
    A beautifully renovated 1913 Colonial in the heart of Downtown Santa Barbara, 1532 Castillo is an incredibly stable turnkey investment in an A+ location. The fully leased triplex boasts market rents, a strong rental history, low maintenance costs and R-4 zoning. The main house has 5 beds & 3 baths, and has undergone a full renovation, including a new kitchen & bathrooms, all new electrical & plumbing and ductless heat & AC. The detached rear duplex has also undergone a full renovation, and features wood floors, updated kitchens, AC & in-unit laundry. Currently generating $132,000 in rental income annually, the property is being offered at a 4% cap rate. Perfect for an investor looking for an income-producing asset, or an owner/user who wants to live in the front home & rent out the back.Showings subject to accepted offer.
    Exterior Features

    Parking Information CarportUncovered

    Interior Features

    Amenities 220VDeckDishwasherDisposalDryerFncd PrtGas StoveMicrowaveOvens/BltinRefrigeratorWasher Floor Window Coverings Hardwood Heating Cooling A/C OtherCeiling Fan(S)Wall Laundry Unit Unit1 Baths 3.00 Unit1 Bedrooms 5.00 Unit1 Half Baths 0.00 Unit2 Baths 1.00 Unit2 Bedrooms 1.00 Unit3 Baths 1.00 Unit3 Bedrooms 1.00

    Property Features

    Cross Street Arrellaga Deposit 3.00 Foundation Mixed Income Expenses Estimated Income Expenses Annual Income 132000.00 Income Expenses Capitalization Rate 4 Income Expenses NOI 95550 Income Expenses Taxes 21583.00 Income Expenses Total Monthly Income 11000.00 Meters Separate Meter Electric Yes Meters Separate Meter Gas Yes Meters Separate Meter Water Yes Proximity Near BusNear HospitalNear Park(S)Near Shopping Reports Available Home Inspection Terms CashCtnl Unit1 Furnished No Unit1 Monthly Total 6500.00 Unit1 Rent 6500.00 Unit1 Units 1.00 Unit2 Rent 2250.00 Unit2 Units 2.00 Unit3 Rent 2250.00 Unit3 Units 1.00 Zoning R-4

    Listing information © 2021 Santa Barbara MLS
    Listing provided courtesy of Compass.



    © 2021 Santa Barbara Multiple Listing Service. All rights reserved. Based on information from the Santa Barbara MLS as of 2021-06-19T23:46:50.077. 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 2021-06-19T23:46:50.077.
     
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    The Zia Group | eXp Realty
    1435 Anacapa Street
    Santa Barbara CA, 93101
    Listing provided courtesy of Compass.