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427 W Montecito Street

Santa Barbara, CA 93101
  • $5,995,000
  • STATUS: Active
  • ON SITE: 13 Days
  • MLS #: 23001545
UPDATED: 215 min ago
$5,995,000
  • 20
    BEDS
  • 0.24
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,225
    SQFT
  • $830
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1962
County:

School Ratings & Info

Description

Twilight Apartments is a well-located multi-family property in Santa Barbara's West Beach area, close to Santa Barbara Harbor, West Beach, Santa Barbara City College, Pershing Park, and all that Santa Barbara's waterfront has to offer. Property consists of (1) 2Bed/1Bath, (6) 1Bed/1Bath, and (12) Studios, for a total of 19 units in 2 buildings. Property was originally built in 1962 and has a Certificate of Occupancy as apartments. R4 zoning provides investors flexibility on whether to keep a long term rental or use as student housing or convert to hotel/hospitality. All utilities are master metered. Studio apartments have compact kitchenettes. There are 19 tuck-under parking spaces and a common area laundry room. Income and GRM shown are proforma

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© 2023 North Santa Barbara County MLS. All rights reserved. Based on information from the Santa Maria Association of REALTORS® (alternatively, from the Central Coast Regional MLS) as of 2023-09-22T00:29:40.513. All data, including measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty.

www.theziagroup.com/homes/143232188
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427 W Montecito Street Santa Barbara, CA 93101

  • Price: $5,995,000
  • Status: Active
  • On Site: 13 Days
  • Updated: 215 min ago
  • MLS #: 23001545
20
Beds
0
Baths
0
½ Baths
0.24
Acres
7,225
SQFT
$830
$/SQFT
1962
Built
Neighborhood:
962 - Out Of Area
County:
Santa Barbara
Area:
99 - Out Of Area
Property Description
Twilight Apartments is a well-located multi-family property in Santa Barbara's West Beach area, close to Santa Barbara Harbor, West Beach, Santa Barbara City College, Pershing Park, and all that Santa Barbara's waterfront has to offer. Property consists of (1) 2Bed/1Bath, (6) 1Bed/1Bath, and (12) Studios, for a total of 19 units in 2 buildings. Property was originally built in 1962 and has a Certificate of Occupancy as apartments. R4 zoning provides investors flexibility on whether to keep a long term rental or use as student housing or convert to hotel/hospitality. All utilities are master metered. Studio apartments have compact kitchenettes. There are 19 tuck-under parking spaces and a common area laundry room. Income and GRM shown are proforma
Exterior Features

Exterior Features Patio Foundation Slab Parking 11 - 25Covered Roof Description Flat

Interior Features

Air Conditioning None Heating Wall Furnace Laundry CommonLaundry Eq/Own Levels Three Or More Number Of Studio Units 12 Number Of1 Bedroom Units 6 Number Of2 Bedroom Units 1

Property Features

Annual Gross Rental Income 532200.00 Annual Operating Expenses 172703.00 Landlord Pays ElectricityGasTrash CollectionWater Listing Detail None Net Operating Income 343531.00 Possession Subject To Tenant Rights Reports Available P & LPest Inspection Sewer Public Sewer Short Sale No Sub Type Multi-Family Terms CashNew Loan Water Public Zone Description Multi-Fam R4

Listing provided courtesy of Steven Battaglia of Battaglia Commercial Re: (805) 688-5333.



© 2023 North Santa Barbara County MLS. All rights reserved. Based on information from the Santa Maria Association of REALTORS® (alternatively, from the Central Coast Regional MLS) as of 2023-09-22T00:29:40.513. All data, including measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty.

 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101