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    279 Alisal Rd

    Solvang, CA 93463
    • $1,029,000
    • STATUS: Active
    • ON SITE: 28 days
    • MLS #: 20-3380
    UPDATED: 188 min ago
    $1,029,000
    • 0
      BEDS
    • 0.41
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1958
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    Listing provided courtesy of Santa Ynez Valley Real Estate.

    Description

    Great income property zoned TRC (Tourist Related Commercial). Currently has 6 separate units bringing in over 6K a month. The rents are very low with opportunity for higher income. 4 studios plus a main house with another studio off the main house. Huge space in back of property with the ability to add more units or Airstreams. Plenty of space between the main house and studios for the addition of a pool. Main house has great frontage for a potencial coffee shop or any tourist related business. Ideally located next door to some high end hotels. The back units are accessed from First Street and don't interfere with the main house. Tons of recent upgrades to the properties with even more opportunities for growth on this already great income property.

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    © 2020 Santa Barbara Multiple Listing Service. All rights reserved. Based on information from the Santa Barbara MLS as of 2020-09-24T23:46:58.997. 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 2020-09-24T23:46:58.997.
    www.theziagroup.com/homes/109446983
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    279 Alisal Rd Solvang, CA 93463

    • Price: $1,029,000
    • Status: Active
    • Updated: 188 min ago
    • MLS #: 20-3380
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.41
    Acres
    1958
    Built
    Neighborhood:
    Santa Ynez
    County:
    Santa Barbara
    Area:
    Santa Ynez
    Elementary School:
    Other
    Middle School:
    Other
    High School:
    Other
    Property Description
    Great income property zoned TRC (Tourist Related Commercial). Currently has 6 separate units bringing in over 6K a month. The rents are very low with opportunity for higher income. 4 studios plus a main house with another studio off the main house. Huge space in back of property with the ability to add more units or Airstreams. Plenty of space between the main house and studios for the addition of a pool. Main house has great frontage for a potencial coffee shop or any tourist related business. Ideally located next door to some high end hotels. The back units are accessed from First Street and don't interfere with the main house. Tons of recent upgrades to the properties with even more opportunities for growth on this already great income property.
    Exterior Features

    Parking Information Uncovered

    Interior Features

    Unit1 Baths 1.00 Unit1 Bedrooms 1.00 Unit1 Half Baths 0.00 Unit2 Baths 1.00 Unit2 Bedrooms 1.00 Unit3 Baths 1.00 Unit3 Bedrooms 1.00 Unit4 Baths 2.00 Unit4 Bedrooms 2.00

    Property Features

    Condition Fair Cross Street Elverhoy Way Deposit 3.00 Foundation Slab Income Expenses Annual Income 72540.00 Income Expenses Capitalization Rate 4.14 Income Expenses Gas Expense 600.00 Income Expenses Insurance 3500.00 Income Expenses Maintenance Expense 5000.00 Income Expenses NOI 42369.3 Income Expenses Taxes 12063.50 Income Expenses Total Annual Exp 30170.70 Income Expenses Total Monthly Income 6045.00 Income Expenses Water Expense 3204.00 Proximity Near Shopping Terms CashCtnl Unit1 M/M Unit1 Furnished No Unit1 Monthly Total 2145.00 Unit1 Rent 715.00 Unit1 Units 3.00 Unit2 M/M Unit2 Monthly Total 825.00 Unit2 Rent 825.00 Unit2 Units 1.00 Unit3 M/M Unit3 Monthly Total 975.00 Unit3 Rent 975.00 Unit3 Units 1.00 Unit4 M/M Unit4 Monthly Total 2100.00 Unit4 Units 1.00 Zoning C-2Other

    Listing information © 2020 Santa Barbara MLS
    Listing provided courtesy of Santa Ynez Valley Real Estate.



    © 2020 Santa Barbara Multiple Listing Service. All rights reserved. Based on information from the Santa Barbara MLS as of 2020-09-24T23:46:58.997. 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 2020-09-24T23:46:58.997.
     
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    The Zia Group | Keller Williams Santa Barbara
    1435 Anacapa Street
    Santa Barbara CA, 93101
    Listing provided courtesy of Santa Ynez Valley Real Estate.