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This is a rare opportunity to acquire a property that hasn't been on market in nearly 40 years! Prime downtown location less than two blocks from Mission or State Streets. Featuring (4) 2-bedroom, 1 bath units as well as one unpermitted studio.Throughout its life, property has been operated as 5-unit building.Offers a unique retro feeling with four spacious units that each have access to a one-car garage for great off-street parking. Property also has a shared on-site laundry room that provides additional monthly income. The upper units have open beam ceilings. Rents are extremely below market,lending the opportunity for tremendous upside to the buyer, currently renting 70% of their market value. Within walking distance of all that Santa Barbara has to offer! Please do not disturb tenants!
Property Details | |
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MLS ID: | #17-2342 |
Current Price: | $1,790,000 |
Buyer Broker Compensation: | % |
Status: | Closed |
Days on Market: | 12 |
Address: | 1801 De La Vina St |
City / Zip: | Santa Barbara, CA 93101 |
Area / Neighborhood: | Sb/West Of State |
Year Built: | 1957 |
Lot Sq. Ft.: | 5,622 Sq.Ft. |
Schools | |
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Elementary School: | Other |
Jr. High School: | Other |
Sr. High School: | Other |
Interior Features | |
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Laundry: | Room |
Exterior Features |
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Misc. | |
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Zoning: | R-4 |
Listed with Radius Group Commercial R.E.
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