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925 E Yanonali Street

Santa Barbara, CA 93103
  • $3,495,000
  • STATUS: Active
  • ON SITE: 15 Days
  • MLS #: 23-2735
UPDATED: 56 min ago
$3,495,000
  • 0
    BEDS
  • 0.3
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Information

Elementary School:
Middle School:
High School:
Listing provided courtesy of Redfin Corporation.

Description

Discover the pinnacle of real estate investment with 925 E. Yanonali St., a meticulously renovated 4-unit residential oasis nestled conveniently in the heart of Santa Barbara. Situated just a stone's throw away from Trader Joe's and Sprouts, this prime location ensures a steady stream of potential tenants. With easy access to Montecito, Downtown, and the beach, this property is poised for success. This captivating complex offers a diverse range of housing options, including a front-facing 3-bedroom/2-bathroom single-family residence tailor-made for an owner-occupant's dream lifestyle. In addition, there's another 3-bedroom/2-bathroom unit and two 1-bedroom/1-bathroom units, all exuding their own unique charm and character. An added bonus is the fifth structure, ripe for transformationinto an additional rental unit, further elevating its income potential. Experience a harmonious blend of classic charm and contemporary convenience. This property has undergone a tasteful and thoughtful remodel, incorporating every modern amenity you desire. Tall privacy hedges and wooden gates ensure distinct entryways for each unit, amplifying both security and privacy. Natural light floods every unit, creating inviting, open-concept living spaces that beckon you to call this place home. Three of the five units feature charming front sitting porches, perfect for creating cozy outdoor nooks where residents can savor their morning coffee or unwind with an evening cocktail. The property also boasts drought-friendly turf, offering green outdoor spaces for enjoyment and the ideal canvas for setting up umbrellas and chairs. This property is a once-in-a-lifetime investment opportunity, suited for diverse purposes. Whether you're considering a 1031 Exchange, envisioning a compound for extended family living, or seeking to become an owner-occupant with immediate cash flow in the stunning Santa Barbara, this property aligns perfectly with your ambitions. Don't let this versatile and impeccably maintained income property slip through your fingers. Take the leap and make 925 E. Yanonali St. your next strategic investment move. Santa Barbara's finest awaits you.

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© 2023 Santa Barbara Multiple Listing Service. All rights reserved. Based on information from the Santa Barbara MLS as of 2023-09-29T19:47:03.843. 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 2023-09-29T19:47:03.843.
www.theziagroup.com/homes/143351833
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925 E Yanonali Street Santa Barbara, CA 93103

  • Price: $3,495,000
  • Status: Active
  • On Site: 15 Days
  • Updated: 56 min ago
  • MLS #: 23-2735
0
Beds
0
Baths
0
½ Baths
0.3
Acres
Neighborhood:
15 - Lower Eastside
County:
Santa Barbara
Area:
SB/East of State
Elementary School:
Franklin
Middle School:
S.B. Jr.
High School:
S.B. Sr.
Property Description
Discover the pinnacle of real estate investment with 925 E. Yanonali St., a meticulously renovated 4-unit residential oasis nestled conveniently in the heart of Santa Barbara. Situated just a stone's throw away from Trader Joe's and Sprouts, this prime location ensures a steady stream of potential tenants. With easy access to Montecito, Downtown, and the beach, this property is poised for success. This captivating complex offers a diverse range of housing options, including a front-facing 3-bedroom/2-bathroom single-family residence tailor-made for an owner-occupant's dream lifestyle. In addition, there's another 3-bedroom/2-bathroom unit and two 1-bedroom/1-bathroom units, all exuding their own unique charm and character. An added bonus is the fifth structure, ripe for transformationinto an additional rental unit, further elevating its income potential. Experience a harmonious blend of classic charm and contemporary convenience. This property has undergone a tasteful and thoughtful remodel, incorporating every modern amenity you desire. Tall privacy hedges and wooden gates ensure distinct entryways for each unit, amplifying both security and privacy. Natural light floods every unit, creating inviting, open-concept living spaces that beckon you to call this place home. Three of the five units feature charming front sitting porches, perfect for creating cozy outdoor nooks where residents can savor their morning coffee or unwind with an evening cocktail. The property also boasts drought-friendly turf, offering green outdoor spaces for enjoyment and the ideal canvas for setting up umbrellas and chairs. This property is a once-in-a-lifetime investment opportunity, suited for diverse purposes. Whether you're considering a 1031 Exchange, envisioning a compound for extended family living, or seeking to become an owner-occupant with immediate cash flow in the stunning Santa Barbara, this property aligns perfectly with your ambitions. Don't let this versatile and impeccably maintained income property slip through your fingers. Take the leap and make 925 E. Yanonali St. your next strategic investment move. Santa Barbara's finest awaits you.
Exterior Features

Parking Information Uncovered Parking Spaces 5.00

Interior Features

Heating Cooling A/C OtherWall Laundry In Unit Unit1 Baths 2.00 Unit1 Bedrooms 3.00 Unit1 Half Baths 0.00 Unit2 Baths 2.00 Unit2 Bedrooms 3.00 Unit2 Half Baths 0.00 Unit3 Baths 1.00 Unit3 Bedrooms 1.00 Unit3 Half Baths 0.00 Unit4 Baths 1.00 Unit4 Bedrooms 1.00 Unit4 Half Baths 0.00

Property Features

Condition Good Cross Street Milpas Deposit 3.00 Income Expenses Estimated Income Expenses Capitalization Rate 5.1 Income Expenses Gross Rent Multiplier 16.9 Income Expenses Total Monthly Income 17200.00 Meters Separate Meter Electric Yes Meters Separate Meter Water Yes Owner Provides Water Proximity Near BusNear OceanNear Park(S)Near School(S)Near Shopping Reports Available Prelim Terms CashCtel Unit1 Furnished No Unit1 Monthly Total 4550.00 Unit1 Rent 4550.00 Unit1 Units 1.00 Unit2 Monthly Total 4550.00 Unit2 Rent 4550.00 Unit2 Units 1.00 Unit3 Monthly Total 3000.00 Unit3 Rent 3000.00 Unit3 Units 1.00 Unit4 Monthly Total 3000.00 Unit4 Rent 3000.00 Unit4 Units 1.00 Zoning R-2

Listing information © 2023 Santa Barbara MLS
Listing provided courtesy of Redfin Corporation: (949) 294-6186.



© 2023 Santa Barbara Multiple Listing Service. All rights reserved. Based on information from the Santa Barbara MLS as of 2023-09-29T19:47:03.843. 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 2023-09-29T19:47:03.843.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing provided courtesy of Redfin Corporation.