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823 E De La Guerra Street

Santa Barbara, CA 93103
  • $2,175,000
  • STATUS: Active
  • ON SITE: 4 days
  • ID#: 17222654
Foreclosure
UPDATED: 31 min ago
$2,175,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,900
    SQFT
  • $558
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1966
County:

School Ratings & Info

Description

A great opportunity to acquire a property of this size near the Santa Barbara Bowl and just blocks from downtown Santa Barbara. Boastinga walk-up, 2-story building and a nice unit mix of (2) 2-bedroom, 1-bath and (4) 1-bedroom, 1-bath apartments. The property features a newlypainted exterior, a new carport roof, on-site parking, new wrought iron railing, common laundry room, and individual water heaters for eachunit. The upper units include open beam ceilings and two of the apartments have been updated with new vinyl plank flooring, new paint, newcarpet, a new stainless stove/oven, and new wood blinds. With additional upgrades, a new owner can take this building to the next level-there is plenty of upside! The buyer will have the opportunity to assume the existing loan of $875,000 with a 3.1% interest rate or obtain new financing.

Based on information from CARETS as of 2017-04-24T06:49:50.903. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.
www.scvnest.com/homes/71788585

823 E De La Guerra Street Santa Barbara, CA 93103

  • Price: $2,175,000
  • Status: Active
  • Updated: 31 min ago
  • ID#: 17222654
0
Beds
0
Baths
0
½ Baths
0.17
Acres
3,900
SQFT
$558
$/SQFT
1966
Built
Neighborhood:
Santa Barbara (Vc81)
County:
Santa Barbara
Area:
Santa Barbara (Vc81)
Property Description
A great opportunity to acquire a property of this size near the Santa Barbara Bowl and just blocks from downtown Santa Barbara. Boastinga walk-up, 2-story building and a nice unit mix of (2) 2-bedroom, 1-bath and (4) 1-bedroom, 1-bath apartments. The property features a newlypainted exterior, a new carport roof, on-site parking, new wrought iron railing, common laundry room, and individual water heaters for eachunit. The upper units include open beam ceilings and two of the apartments have been updated with new vinyl plank flooring, new paint, newcarpet, a new stainless stove/oven, and new wood blinds. With additional upgrades, a new owner can take this building to the next level-there is plenty of upside! The buyer will have the opportunity to assume the existing loan of $875,000 with a 3.1% interest rate or obtain new financing.
Exterior Features

Carport Spaces Total 5 Parking Features Uncovered Parking Spaces Total 6 Parking Type AssignedCarport Detached

Interior Features

Cooling Type Other Heating Type Other Interior Features Other Total Floors 2 Unit Furnished01 Unfurnished Unit Furnished02 Unfurnished Unit Furnished03 Unfurnished Unit Furnished04 Unfurnished Unit Furnished05 Unfurnished Unit Furnished06 Unfurnished Unit Furnished07 Partially Unit Furnished08 Partially Unit Furnished09 Partially Unit Furnished10 Partially Unit Furnished11 Partially Unit Furnished12 Partially Unit Furnished13 Partially Unit Number Of Bath01 1.0 Unit Number Of Bath02 1.0 Unit Number Of Bath03 1.0 Unit Number Of Bath04 1.0 Unit Number Of Bath05 1.0 Unit Number Of Bath06 1.0 Unit Number Of Bed01 1 Unit Number Of Bed02 1 Unit Number Of Bed03 1 Unit Number Of Bed04 1 Unit Number Of Bed05 2 Unit Number Of Bed06 2

Property Features

Adjusted Gross Income 124452.00 Cap Rate 3.82 Country United States Of America Expense Total Annual 38896.00 Gross Operating Income 121904.00 Gross Rent Multiplier 17.84 Hoa YN N Legal Disclosures Other Lot Size Source Public Records Net Operating Income 83009.00 Number Of Buildings 1 Special Conditions Real Estate Owned Square Footage Source Public Records Unit Monthly Rent01 1595.00 Unit Monthly Rent02 1600.00 Unit Monthly Rent03 1600.00 Unit Monthly Rent04 1600.00 Unit Monthly Rent05 1850.00 Unit Monthly Rent06 2095.00 Unit Projected Total Monthly Rent01 1595.00 Unit Projected Total Monthly Rent02 1600.00 Unit Projected Total Monthly Rent03 1600.00 Unit Projected Total Monthly Rent04 1600.00 Unit Projected Total Monthly Rent05 1850.00 Unit Projected Total Monthly Rent06 2095.00 Unit Total Monthly Rent01 1595.00 Unit Total Monthly Rent02 1600.00 Unit Total Monthly Rent03 1600.00 Unit Total Monthly Rent04 1600.00 Unit Total Monthly Rent05 1850.00 Unit Total Monthly Rent06 2095.00 Unit Type01 1 Unit Type02 1 Unit Type03 1 Unit Type04 1 Unit Type05 1 Units Total In Complex 6 Zoning C-2

Listing provided courtesy of Steve Golis BRE#00772218 of Radius Group Commercial Real Estate,Inc..
Based on information from CARETS as of 2017-04-24T06:49:50.903. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.
RE/MAX of Santa Clarita
25101 The Old Road
Santa Clarita CA, 91381