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$ 2,650,000
Est. payment | /mo
10,454 Sqft Lot
$ 2,650,000
Est. payment | /mo
10,454 Sqft Lot
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26-3402
Year Built 1980
Lot Size 10,454 Sqft
Acres 0.24
Lot Dimensions 10454.0
Source Santa Barbara Multiple Listing Service
Property Description
1415+1417 Park Place is a competitively-priced and well cared-for 6-unit 2-building multi-family investment, located at the edge of Santa Barbara as it transitions to Montecito via Old Coast Highway. The configuration of the 2 buildings is especially well-suited for an owner-occupant in the recently-vacated 2-unit Victorian home with 12-foot ceilings, with mortgage/expenses paid from ~$10K monthly rent from the 1980-built 4 x 1-BR building separated across the driveway. Or re-rent the 2 vacant units in the home to revive the total income to the recent ~$17,200/month (~$206K annual). The sellers have made approx. $350K of upgrades in the last 3 years, incl. mostly all new roofs. See unbranded Offering Memorandum in Documents for more details. Don't miss this value opportunity!
Location
State CA
County Santa Barbara
Interior
Heating Forced Air
Laundry Laundry Room
Exterior
Parking Features Outside, Carport
Building
Lot Description Near Public Transit
Foundation Slab, Raised
New Construction No
Others
Tax ID 017-373-018
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
Listed by Berkshire Hathaway HomeServices California Properties
Schools and Properties Nearby
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