712 W Anapamu St

    Santa Barbara, CA 93101
    • $2,170,000
    • STATUS: Closed
    • ON SITE: 287 days
    • MLS #: 18-355
    Sold - 06/20/2018
    $2,170,000
    SOLD - 06/20/2018
    • 0
      BEDS
    • 0.23
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1967
    County:

    School Information

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

    Description

    Eight-unit apartment located on the Westside close to City College, the Mesa, restaurants, shopping, parks, and only minutes to the beach and downtown Santa Barbara. This garden-style building offers its tenants large units, an expansive common courtyard, a large common second floor-deck with mountain views, onsite parking and an onsite laundry room. All units are approximately 35% below market, allowing a buyer the opportunity to reposition the property and obtain higher rents in one of the strongest rental markets along the Central Coast. Please note the seller is providing interested buyer several reports and disclosures prior to submitting an offer.

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    © 2018 Santa Barbara Multiple Listing Service. All rights reserved. Based on information from the Santa Barbara MLS as of 2018-11-16T17:47:13.647. 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 2018-11-16T17:47:13.647.
    www.theziagroup.com/homes/80429664

    712 W Anapamu St Santa Barbara, CA 93101

    • Price: $2,350,000
    • Status: Closed
    • Updated: 24 min ago
    • MLS #: 18-355
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.23
    Acres
    1967
    Built
    Neighborhood:
    20 - Westside
    County:
    Santa Barbara
    Area:
    SB/West of State
    Elementary School:
    Harding
    Middle School:
    Lacumbre
    High School:
    San Marcos
    Property Description
    Eight-unit apartment located on the Westside close to City College, the Mesa, restaurants, shopping, parks, and only minutes to the beach and downtown Santa Barbara. This garden-style building offers its tenants large units, an expansive common courtyard, a large common second floor-deck with mountain views, onsite parking and an onsite laundry room. All units are approximately 35% below market, allowing a buyer the opportunity to reposition the property and obtain higher rents in one of the strongest rental markets along the Central Coast. Please note the seller is providing interested buyer several reports and disclosures prior to submitting an offer.
    Exterior Features

    Parking Information Uncovered Parking Spaces 8.00

    Interior Features

    Amenities DeckPatio Laundry Room Refrigerators 8.00 Unit1 Baths 1.00 Unit1 Bedrooms 1.00 Unit1 Half Baths 0.00

    Property Features

    Condition Average Cross Street Mercedes Deposit 75000.00 Foundation Slab Income Expenses Estimated Income Expenses Annual Income 168850.00 Income Expenses Capitalization Rate 5.25 Income Expenses Gross Rent Multiplier 12.85 Income Expenses NOI 113940 Income Expenses Other Income 71.00 Income Expenses Taxes 22815.00 Income Expenses Total Annual Exp 51533.00 Income Expenses Total Monthly Income 14000.00 Income Expenses Vacancy Factor 3377 Meters Separate Meter Electric Yes Proximity Near BusNear HospitalNear OceanNear Park(S)Near School(S)Near Shopping Stoves 8.00 Terms Cash Unit1 M/M Unit1 Furnished No Unit1 Monthly Total 14000.00 Unit1 Rent 1750.00 Unit1 Units 8.00 Zoning R-2

    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 2018-11-16T17:47:13.647. 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 2018-11-16T17:47:13.647.
     
    The Zia Group
    1435 Anacapa Street
    Santa Barbara CA, 93101
    Listing provided courtesy of Hayes Commercial Group.