421 Montgomery St

    Santa Barbara, CA 93103
    • $2,095,000
    • STATUS: Active
    • ON SITE: 34 days
    • MLS #: 20-230
    Price Reduced
    UPDATED: 27 min ago
    $2,095,000
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1960
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    Listing provided courtesy of Keller Williams Realty Santa Barbara.

    Description

    Don't miss these 3 beautifully renovated cottages (2-Bed/1-Bath | 1-Bed/1-Bath | 1-Bed/1-Bath) positioned on one large lot. Set amongst the prestigious homes & estates on Santa Barbara's Upper Eastside, this A+ location affords an owner or tenant easy access to the historic Mission, rose gardens, & the best downtown amenities. The two 1-bed cottages have great tenants in place at $2500 & $3000/mo, but the 2-bed ''owner's cottage'' is prime to be enjoyed as a taste of Santa Barbara's vacation lifestyle. Each of the three cottages has been renovated preserving their classic architectural facades, but with chic, contemporary interiors to maximize enjoyment & rents. This type of turn-key & versatile investment property is rare to find in Santa Barbara & would be perfect for a 1031 exchange!

    Monthly Payment Calculator



    © 2020 Santa Barbara Multiple Listing Service. All rights reserved. Based on information from the Santa Barbara MLS as of 2020-02-25T18:46:56.97. 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 2020-02-25T18:46:56.97.
    www.theziagroup.com/homes/102479154

    421 Montgomery St Santa Barbara, CA 93103

    • Price: $2,095,000
    • Status: Active
    • Updated: 27 min ago
    • MLS #: 20-230
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    1960
    Built
    Neighborhood:
    15 - Upper Eastside
    County:
    Santa Barbara
    Area:
    SB/East of State
    Elementary School:
    Roosevelt
    Middle School:
    S.B. Jr.
    High School:
    S.B. Sr.
    Property Description
    Don't miss these 3 beautifully renovated cottages (2-Bed/1-Bath | 1-Bed/1-Bath | 1-Bed/1-Bath) positioned on one large lot. Set amongst the prestigious homes & estates on Santa Barbara's Upper Eastside, this A+ location affords an owner or tenant easy access to the historic Mission, rose gardens, & the best downtown amenities. The two 1-bed cottages have great tenants in place at $2500 & $3000/mo, but the 2-bed ''owner's cottage'' is prime to be enjoyed as a taste of Santa Barbara's vacation lifestyle. Each of the three cottages has been renovated preserving their classic architectural facades, but with chic, contemporary interiors to maximize enjoyment & rents. This type of turn-key & versatile investment property is rare to find in Santa Barbara & would be perfect for a 1031 exchange!
    Exterior Features

    Parking Information Unc #1

    Interior Features

    Amenities DeckFncd PrtPatio Floor Window Coverings TileWood/Laminate Heating Cooling GfaWall Laundry Unit Unit1 Baths 1.00 Unit1 Bedrooms 2.00 Unit1 Half Baths 0.00 Unit2 Baths 1.00 Unit2 Bedrooms 1.00 Unit3 Baths 1.00 Unit3 Bedrooms 1.00

    Property Features

    Condition Good Cross Street Laguna Street Deposit 3.00 Foundation RaisedSlab Income Expenses Estimated Income Expenses Annual Income 111600.00 Income Expenses Capitalization Rate 3.55 Income Expenses Gross Rent Multiplier 19.67 Income Expenses Insurance 1016.00 Income Expenses Maintenance Expense 1800.00 Income Expenses NOI 77858 Income Expenses Taxes 24145.00 Income Expenses Total Annual Exp 33741.00 Income Expenses Total Monthly Expenses 2811.00 Income Expenses Total Monthly Income 9300.00 Proximity Near BusNear Park(S)Near School(S) Public Listing Details Owner is Licensee Reports Available Pest Inspection Terms Cash Unit1 Furnished No Unit1 Monthly Total 9300.00 Unit1 Rent 3800.00 Unit1 Units 1.00 Unit2 Rent 3000.00 Unit2 Units 1.00 Unit3 Rent 2500.00 Unit3 Units 1.00 Zoning R-2

    Listing information © 2020 Santa Barbara MLS
    Listing provided courtesy of Keller Williams Realty Santa Barbara.



    © 2020 Santa Barbara Multiple Listing Service. All rights reserved. Based on information from the Santa Barbara MLS as of 2020-02-25T18:46:56.97. 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 2020-02-25T18:46:56.97.
     
    The Zia Group | Keller Williams Santa Barbara
    1435 Anacapa Street
    Santa Barbara CA, 93101
    Listing provided courtesy of Keller Williams Realty Santa Barbara.