Active
$1,599,000
3 Units
3 Beds
4 Baths
1,813 Area(sq.ft.)
Lot: 4,356 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 1 | 1 | No | n/a | n/a | $ 3,200 |
| Unit 2 | 1 | 2 | 2 | No | $ 3,045 | $ 3,045 | $ 4,200 |
| Unit 3 | 1 | studio | 1 | No | $ 1,958 | $ 1,958 | $ 2,500 |
| 3 | 3 | 4 | $ 5,003 | $ 5,003 | $ 9,900 |
| MLS #: | SC25118748MR |
| Days On Market: | 192 |
| Listing Date: | May 28, 2025 |
| County: | Santa Barbara |
| Property Type: | Residential Income |
| Price per ft2: | $ 882 |
| Price per unit: | $ 533,000 |
| Year Built: | 1920 |
Property Details
Fantastic investment opportunity in the desirable Oak Park neighborhood in Santa Barbara near Cottage Hospital. This well-maintained multifamily property features 3 units with fresh landscaping and strong curb appeal. The front unit, Unit A, is a refreshed 1 bed, 1 bath with a loft. It has a gated front yard with new turf and is ready for immediate occupancy. Unit B is a 2 bed, 2 bath with a gated entry, private front patio and private rear yard. Unit C is a charming detached studio with a private gated entry and wrap around yard. Units B and C are tenant-occupied with new leases. Unit A is not tenant occupied - great option for owner/user, to create a furnished rental or to get market rate rents. Excellent location in a highly desired area. Close the hospital, parks, shops, restaurants and more.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Rent Control: | Yes |
| Total Annual Expense: | $ 8,100 |
| Net Operating Income: | $ 93,850 |
| Cap Rate: | 5.5% |
| Actual Gross Rent: | $ 5,003 |
Structure
| Community Features: | Sidewalks, Street Lights |
| Sewer: | Public Sewer |
| Water: | Public |
Land & Parking
| Zoning: | R-3 |
| Land Lease Type: | Fee |
| Parking Garage: | Driveway, On street |
Interior
| Laundry: | Laundry Area, Room |
Exterior
| Pool: | No |
Detailed Map
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