Active
$5,999,000
9 Units
3 Beds
6 Baths
6,911 Area(sq.ft.)
Lot: 6,970 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 3 | 2 | No | n/a | n/a | $ 72,000 |
| Unit 2 | 1 | 1 | 1 | Yes | $ 72,000 | $ 72,000 | $ 72,000 |
| 2 | 4 | 3 | $ 72,000 | $ 72,000 | $ 144,000 |
| MLS #: | 25536453 |
| Days On Market: | 211 |
| Listing Date: | May 8, 2025 |
| County: | Santa Barbara |
| Property Type: | Residential Income |
| Price per ft2: | $ 868 |
| Price per unit: | $ 666,556 |
| Year Built: | 1981 |
Property Details
This stunningly designed DT Solvang commercial building showcases outstanding architectural details and an impressive penthouse with a private elevator spanning four floors. The penthouse includes three bedrooms, two fireplaces, and Douglas fir beams, vaulted ceilings, and breathtaking city and mountain views. You will find a 30 plus seat restaurant with patio, and five retail and office spaces, ideal for conversion into vacation rental units, complemented by a carport and onsite parking. ADA-compliant restrooms are available, along with a one-bedroom short-term rental unit that generates income and high ratings. This unique property is perfect for downtown owner-occupied living, offering additional rental income potential and conveniently located across from the Solvang Festival Theater.Interested in this Listing?
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Income Details
| Vacancy Rate: | 60% |
| Gross Operating Income: | $ 72,000 |
| Total Annual Expense: | $ 0 |
| Net Operating Income: | $ 0 |
| Gross Annual Income: | $ 72,000 |
| Gross Rent Multiplier: | 0.00 |
Structure
| Type of Units: | Comm/Res |
| Buildings: | 1 |
| Levels: | Three Or More |
| View Description: | City, City Lights, Mountains |
Land & Parking
| Parking Garage: | Carport Attached, Uncovered |
Interior
| AC/Cooling: | Air Conditioning |
| Equipment: | Refrigerator, Range/Oven, Dishwasher |
| Heating: | Forced Air |
Exterior
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