$4,190,000
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2119 De La Vina ST Santa Barbara, CA 93105
0.26 Acres Lot
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision Santa Barbara: Other
MLS Listing ID V1-9511
Year Built 1956
Tax Year 2020
Lot Size 0.260 Acres
Property Description
Purported 3.05% actual cap rate, 5.10% market level cap rate. $210,000 actual gross income, $302,000 market level income. Court-ordered probate sale. 8-Plex in wonderful location: Less than 3 blocks to Cottage Hospital and all of the medical district, less than 2 blocks to the restaurants and shopping of Mission Street. All units are spacious 2 bedroom/1 bathroom homes. Beautifully maintained with tasteful upgrades and lush landscaping. Individual metering for electricity and gas. 8 car ports for off-street parking, each with additional storage, plus individual storage units in the coin-operated laundry area. 8,530 square feet of building on a 0.26 acre lot. One of the cleanest, best-located apartment complexes in town. Unbranded slideshow/virtual tour at 2119DeLaVina . com
Location
State CA
County Santa Barbara
Area Vc81 - Santa Barbara
Zoning Medium Density Res.
Interior
Heating Wall Furnace
Cooling None
Flooring Tile, Vinyl
Fireplaces Type None
Laundry Common Area
Exterior
Parking Features Assigned, Carport, Detached Carport, Driveway Level, Off Street, Private, Community Structure
Fence None
Pool None
Community Features Sidewalks, Urban
Utilities Available Natural Gas Connected, Sewer Connected, Water Connected
View Y/N No
View None
Roof Type Tile
Building
Lot Description Sprinklers None
Story 2
Foundation Slab
Sewer Public Sewer
Water Public
Others
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Probate Listing, Trust
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Bought with Gary Goldberg • Coastal Properties