410 W Micheltorena Street, Santa Barbara, CA 93101
- $5,225,000
- Sold Price
- $5,225,000
- List Price
- $5,285,000
- Status
- CLOSED
- MLS#
- 18-3879
- Closing Date
- Jan 29, 2020
- Lot Size
- 15,552
- Region
- SB/WEST OF STATE
- Year Built
- 1968
Property Description
This recently updated 12+ unit Downtown Santa Barbara multi-family investment generates a great return but still has room to grow in rental income. This beautiful property conveniently located near highways and downtown features a 12,014 square foot building with 16 covered parking spaces, onsite laundry, and lovely landscaped grounds . New flooring, updated kitchens/baths, fresh paint and close to market rents with room to grown makes this an excellent opportunity!! There is an assumable loan of approximately $3,200,000 at 3.8%!
/u.realgeeks.media/sbrehomes/tiare-barels-staff-photo-2012.jpg)
Additional Information
- Elementary School
- Peabody
- Middle School
- S.B. Jr.
- High School
- S.B. Sr.
- Acres
- 0.36
- Amenities
- Patio, Ovens/Bltin, Washer, Dryer, 220V, Cable TV, Fncd Prt
- Annual Income
- 381840
- Capitalization Rate
- 5.0
- Condition
- Excellent
- Gross Rent Multiplier
- 15
- Insurance
- 3500
- Lot Size
- 15,552
- Neighborhood
- or 20 - Downtown
- Other Income
- 4325
- Region
- SB/WEST OF STATE
- Stories
- 2
- Taxes
- $29,815
- Total Annual Expense
- 66362
- Total Monthly Income
- $31,820
- Units
- 12
- Zoning
- Other
Mortgage Calculator
Listing courtesy of Goodwin & Thyne Properties. Selling Office: .