410 W Micheltorena St

    Santa Barbara, CA 93101
    • $5,750,000
    • STATUS: Active
    • ON SITE: 505 days
    • MLS #: 17-1081
    UPDATED: 200 min ago
    $5,750,000
    • 0
      BEDS
    • 0.36
      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 Goodwin & Thyne Properties.

    Description

    This recently updated 12+ apartment multi-family investment generating a 4% cap return features a 12,014 square foot building with 16 covered parking spaces, onsite laundry, and lovely landscaped grounds . New flooring, updated kitchens/baths, fresh paint and close to market rents with room to grown makes this an excellent opportunity!! Assumable financing is available for 50% of the list price.

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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 2018-08-21T23:47:23.82.
    www.theziagroup.com/homes/71291241

    410 W Micheltorena St Santa Barbara, CA 93101

    • Price: $5,750,000
    • Status: Active
    • Updated: 200 min ago
    • MLS #: 17-1081
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.36
    Acres
    1968
    Built
    Neighborhood:
    15 Or 20 - Downtown
    County:
    Santa Barbara
    Area:
    SB/West of State
    Elementary School:
    Peabody
    Middle School:
    S.B. Jr.
    High School:
    S.B. Sr.
    Property Description
    This recently updated 12+ apartment multi-family investment generating a 4% cap return features a 12,014 square foot building with 16 covered parking spaces, onsite laundry, and lovely landscaped grounds . New flooring, updated kitchens/baths, fresh paint and close to market rents with room to grown makes this an excellent opportunity!! Assumable financing is available for 50% of the list price.
    Exterior Features

    Parking Information Detached Parking Spaces 17.00

    Interior Features

    Amenities 220VCable TvDryerFncd PrtOvens/BltinPatioRefrigeratorWasher Floor Window Coverings CarpetWood/Laminate Heating Cooling Heat Other Laundry Room Refrigerators 14.00 Unit1 Baths 2.00 Unit1 Bedrooms 2.00 Unit1 Half Baths 0.00 Unit2 Baths 1.00 Unit2 Bedrooms 2.00 Unit3 Baths 1.00 Unit3 Bedrooms 1.00 Unit4 Baths 1.00 Unit4 Bedrooms 0.00

    Property Features

    Condition Excellent Cross Street Castillo Street Deposit 123000.00 Foundation Other Income Expenses Estimated Income Expenses Annual Income 374045.00 Income Expenses Capitalization Rate 4.0 Income Expenses Gross Rent Multiplier 15 Income Expenses Insurance 3500.00 Income Expenses NOI 280000 Income Expenses Other Income 4325.00 Income Expenses Taxes 29815.00 Income Expenses Total Annual Exp 66362.00 Income Expenses Total Monthly Income 30810.00 Income Expenses Vacancy Factor <1% Meters Separate Meter Gas Yes Meters Separate Meter Water No Proximity Near BusNear HospitalNear Park(S)Near Shopping Public Listing Details None Security Smoke Detc Stoves 14.00 Terms CashCtelCtnl Unit1 Lease Unit1 Furnished No Unit1 Monthly Total 30810.00 Unit1 Rent 8000.00 Unit1 Units 3.00 Unit2 Lease Unit2 Monthly Total 31700.00 Unit2 Rent 10100.00 Unit2 Units 4.00 Unit3 Lease Unit3 Monthly Total 31700.00 Unit3 Rent 11550.00 Unit3 Units 6.00 Unit4 Lease Unit4 Monthly Total 31700.00 Unit4 Rent 1160.00 Unit4 Units 1.00 Zoning Other



    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 2018-08-21T23:47:23.82.
     
    The Zia Group
    1435 Anacapa Street
    Santa Barbara CA, 93101
    Listing provided courtesy of Goodwin & Thyne Properties.