2380 Lillie Ave

    Summerland, CA 93067
    • $3,400,000
    • STATUS: Active
    • ON SITE: 128 days
    • MLS #: 17-3480
    $3,400,000
    • 0
      BEDS
    • 0.25
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1950
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    Listing provided courtesy of Pam Scott, Broker.

    Description

    Irreplaceable location in Summerland walking distance to the beach and restaurants. Value add opportunity. Numbers reflect actual below market rents. Asking price is a 3% cap rate on market rents. Each unit is unique with patios and/or yards. 5 units have ocean views.

    Monthly Payment Calculator



    The data relating to real estate for sale on this web site comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. Real estate listings held by brokerage firms other than The Zia Group are marked with the "MLS" logo and detailed information about them includes the name of the listing brokers. All information is deemed reliable, but is not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor The Zia Group shall be responsible for any typographical errors, misinformation, or misprints. © 2018 Santa Barbara Multiple Listing Service. All rights reserved. Data last updated 2018-02-18T23:47:22.097.
    www.theziagroup.com/homes/77721181

    2380 Lillie Ave Summerland, CA 93067

    • Price: $3,400,000
    • Status: Active
    • MLS #: 17-3480
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.25
    Acres
    1950
    Built
    Neighborhood:
    05 - Summerland
    County:
    Santa Barbara
    Area:
    Carpinteria-Summerland
    Elementary School:
    Summerland
    Middle School:
    Carp. Jr.
    High School:
    Carp. Sr.
    Property Description
    Irreplaceable location in Summerland walking distance to the beach and restaurants. Value add opportunity. Numbers reflect actual below market rents. Asking price is a 3% cap rate on market rents. Each unit is unique with patios and/or yards. 5 units have ocean views.
    Exterior Features

    Parking Information GaragesUncovered Parking Spaces 14.00

    Interior Features

    Amenities DeckFncd BackFncd PrtPatio Floor Window Coverings VinylWood/Laminate Heating Cooling Wall Laundry RoomSome Unit1 Baths 8.00 Unit1 Bedrooms 9.00 Unit1 Half Baths 0.00

    Property Features

    Condition Good Cross Street Valencia Deposit 100000.00 Exchange No Foundation MixedPier & PostRaised Income Expenses Annual Income 142178.00 Income Expenses Capitalization Rate 2.16 Income Expenses Insurance 2450.00 Income Expenses NOI 78996.64 Income Expenses Taxes 34680.00 Income Expenses Total Annual Exp 68743.00 Income Expenses Total Monthly Expenses 5216.15 Income Expenses Total Monthly Income 11848.00 Income Expenses Vacancy Factor .02 Meters Separate Meter Electric Yes Meters Separate Meter Gas Yes Meters Separate Meter Water No Owner Provides None Proximity Near BusNear OceanNear Park(S)Near School(S)Near Shopping Terms Cash Unit1 M/M Unit1 Furnished No Unit1 Monthly Total 12090.00 Unit1 Rent 12090.00 Unit1 Units 8.00 Zoning C-1



    The data relating to real estate for sale on this web site comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. Real estate listings held by brokerage firms other than The Zia Group are marked with the "MLS" logo and detailed information about them includes the name of the listing brokers. All information is deemed reliable, but is not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor The Zia Group shall be responsible for any typographical errors, misinformation, or misprints. © 2018 Santa Barbara Multiple Listing Service. All rights reserved. Data last updated 2018-02-18T23:47:22.097.
    The Zia Group
    1435 Anacapa Street
    Santa Barbara CA, 93101
    Listing provided courtesy of Pam Scott, Broker.