318 S Voluntario St

    Santa Barbara, CA 93103
    • $2,600,000
    • STATUS: Active
    • ON SITE: 86 days
    • MLS #: 18-1451
    Price Reduced
    UPDATED: 47 min ago
    $2,600,000
    • 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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    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 2018-07-22T11:47:28.933.
    www.theziagroup.com/homes/82972101

    318 S Voluntario St Santa Barbara, CA 93103

    • Price: $2,600,000
    • Status: Active
    • Updated: 47 min ago
    • 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 4.19 Income Expenses Gross Rent Multiplier 15.10 Income Expenses NOI 108878 Income Expenses Total Annual Exp 59878.00 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



    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 2018-07-22T11:47:28.933.
     
    The Zia Group
    1435 Anacapa Street
    Santa Barbara CA, 93101
    Listing provided courtesy of Hayes Commercial Group.