163 N La Cumbre Rd

    Santa Barbara, CA 93110
    • $3,075,000
    • STATUS: Active
    • ON SITE: 162 days
    • MLS #: 18-1631
    UPDATED: 78 min ago
    $3,075,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1968
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    Listing provided courtesy of Radius Group Commercial R.E..

    Description

    We are pleased to present this wonderful 10- unit asset located in the Hope neighborhood. First time on the market in more than 10 years! Nestled in a prime location near Sansum Clinic, Wells Fargo, Montecito Bank & Trust, Five Points Shopping Center, Whole Foods, Starbucks, La Cumbre Plaza, and Target--scheduled to open this fall. Nearby schools include Little Angels Preschool, Hope Elementary, Monte Vista Elementary and La Colina Jr. High School. The property offers a unit mix of (9)1-bedroom, 1-bath apartments, (1) 2-bedroom, 1-bath house, carport parkingand a common laundry room for tenants. The lower units feature private, fenced outdoor patios and the house has a large fenced yard. Easy access to the 101 Fwy. & Hwy. 154. Rents are under-market providing lots of rental upside.

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    © 2018 Santa Barbara Multiple Listing Service. All rights reserved. Based on information from the Santa Barbara MLS as of 2018-10-18T16:47:08.13. 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 2018-10-18T16:47:08.13.
    www.theziagroup.com/homes/83363794

    163 N La Cumbre Rd Santa Barbara, CA 93110

    • Price: $3,075,000
    • Status: Active
    • Updated: 78 min ago
    • MLS #: 18-1631
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1968
    Built
    Neighborhood:
    SB/East of State
    County:
    Santa Barbara
    Area:
    SB/East of State
    Elementary School:
    Hope
    Middle School:
    Other
    High School:
    Other
    Property Description
    We are pleased to present this wonderful 10- unit asset located in the Hope neighborhood. First time on the market in more than 10 years! Nestled in a prime location near Sansum Clinic, Wells Fargo, Montecito Bank & Trust, Five Points Shopping Center, Whole Foods, Starbucks, La Cumbre Plaza, and Target--scheduled to open this fall. Nearby schools include Little Angels Preschool, Hope Elementary, Monte Vista Elementary and La Colina Jr. High School. The property offers a unit mix of (9)1-bedroom, 1-bath apartments, (1) 2-bedroom, 1-bath house, carport parkingand a common laundry room for tenants. The lower units feature private, fenced outdoor patios and the house has a large fenced yard. Easy access to the 101 Fwy. & Hwy. 154. Rents are under-market providing lots of rental upside.
    Exterior Features

    Parking Information CarportUncovered Parking Spaces 11.00

    Interior Features

    Laundry Room Unit1 Baths 1.00 Unit1 Bedrooms 1.00 Unit1 Half Baths 0.00 Unit2 Baths 1.00 Unit2 Bedrooms 1.00 Unit2 Half Baths 0.00 Unit3 Baths 1.00 Unit3 Bedrooms 2.00 Unit3 Half Baths 0.00

    Property Features

    Cross Street Via Lucero Deposit 0.00 Income Expenses Capitalization Rate 3.68 Income Expenses Gross Rent Multiplier 16.71 Income Expenses NOI 113277 Proximity Near BusNear School(S)Near Shopping Terms CashOther/Cla Unit1 Furnished No Unit1 Monthly Total 11150.00 Unit1 Rent 1500.00 Unit1 Units 8.00 Unit2 Monthly Total 1650.00 Unit2 Rent 1650.00 Unit2 Units 1.00 Unit3 Monthly Total 2650.00 Unit3 Rent 2650.00 Unit3 Units 1.00 Zoning Other

    Listing information © 2018 Santa Barbara MLS
    Listing provided courtesy of Radius Group Commercial R.E..



    © 2018 Santa Barbara Multiple Listing Service. All rights reserved. Based on information from the Santa Barbara MLS as of 2018-10-18T16:47:08.13. 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 2018-10-18T16:47:08.13.
     
    The Zia Group
    1435 Anacapa Street
    Santa Barbara CA, 93101
    Listing provided courtesy of Radius Group Commercial R.E..