318 S Voluntario St

    Santa Barbara, CA 93103
    • $2,500,000
    • STATUS: Active
    • ON SITE: 146 days
    • MLS #: 18-1451
    $2,500,000
    • 0
      BEDS
    • 0.27
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1966
    County:

    School Information

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

    Description

    Eight unit apartment building located close to the beach, shopping, Montecito and downtown Santa Barbara. The property consists of large units totaling approximately 5,550 square feetand provides for a unit mix of two 2BD/1BA units and six 1BD/1BA units. Recent upgrades include (but are not limited to) a newer roof, newer dual pane windows, new exterior paint, newplumbing (in portions), newer flooring, and newer appliances. Additionally, the property offers an onsite laundry room, 11 onsite parking stalls, separate gas and electric meters for each unitand leases that allow for a utility reimbursement from the tenants for water sewer and trash in excess of $500 per month. Great opportunity to buy a stabilized apartment investments.

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    © 2018 Santa Barbara Multiple Listing Service. All rights reserved. Based on information from the Santa Barbara MLS as of 2018-09-19T23:47:28.6. 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 2018-09-19T23:47:28.6.
    www.theziagroup.com/homes/82972101

    318 S Voluntario St Santa Barbara, CA 93103

    • Price: $2,500,000
    • Status: Active
    • MLS #: 18-1451
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.27
    Acres
    1966
    Built
    Neighborhood:
    SB/East of State
    County:
    Santa Barbara
    Area:
    SB/East of State
    Elementary School:
    Franklin
    Middle School:
    S.B. Jr.
    High School:
    S.B. Sr.
    Property Description
    Eight unit apartment building located close to the beach, shopping, Montecito and downtown Santa Barbara. The property consists of large units totaling approximately 5,550 square feetand provides for a unit mix of two 2BD/1BA units and six 1BD/1BA units. Recent upgrades include (but are not limited to) a newer roof, newer dual pane windows, new exterior paint, newplumbing (in portions), newer flooring, and newer appliances. Additionally, the property offers an onsite laundry room, 11 onsite parking stalls, separate gas and electric meters for each unitand leases that allow for a utility reimbursement from the tenants for water sewer and trash in excess of $500 per month. Great opportunity to buy a stabilized apartment investments.
    Interior Features

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

    Property Features

    Cross Street Indio Muerto St Deposit 0.00 Income Expenses Annual Income 169800.00 Income Expenses Capitalization Rate 4.4 Income Expenses Gross Rent Multiplier 14.52 Income Expenses NOI 109939 Income Expenses Total Annual Exp 58817.00 Meters Separate Meter Electric Yes Meters Separate Meter Gas Yes Terms Other/Cla Unit1 Furnished No Unit1 Monthly Total 4500.00 Unit1 Rent 2300.00 Unit1 Units 2.00 Unit2 Monthly Total 9600.00 Unit2 Rent 1600.00 Unit2 Units 6.00 Zoning R-3

    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 2018-09-19T23:47:28.6. 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 2018-09-19T23:47:28.6.
     
    The Zia Group
    1435 Anacapa Street
    Santa Barbara CA, 93101
    Listing provided courtesy of Hayes Commercial Group.