163 N La Cumbre Road

    Santa Barbara, CA 93110
    • $3,075,000
    • STATUS: Active
    • ON SITE: 14 days
    • ID#: 18361666
    $3,075,000
    • 0
      BEDS
    • 0.31
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,710
      SQFT
    • $353
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1970
    County:

    School Ratings & Info

    Description

    Wonderful 10-unit asset located in the Hope Neighborhood. This is the first time this property has been on the market in 25 years! Nestled in a prime location near Samsun Clinic, Wells Fargo, Montecito Bank & Trust, Bank of the West, the world-famous Chuck's of Hawaii, Lure Fish House, Islands, Five Points Shopping Center, Whole Foods, Starbucks, La Cumbre Plaza, and Target- scheduled to open this fall. Nearby schools include Little Angels Preschool, Hope Elementary, Monte Vista Elementary and La Colina Jr. High School. The property offers a unit mix of (9) 1BD/1BA apartments and (1) 2BD/1BA house, plus carport parking and a common laundry room for tenants. The house features a large fenced yard and the separate one-bedroom unit offers a private entry and personal outdoor space. Lower units feature private and fenced outdoor patios. Easy access to the 101 Fwy. & Hwy. 154. Rents are under-market, providing exceptional rental upside to a new owner.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-20T00:29:22.327. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.pismohomes.com/homes/85333209

    163 N La Cumbre Road Santa Barbara, CA 93110

    • Price: $3,075,000
    • Status: Active
    • ID#: 18361666
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.31
    Acres
    8,710
    SQFT
    $353
    $/SQFT
    1970
    Built
    Neighborhood:
    VC81 - Santa Barbara
    County:
    Santa Barbara
    Area:
    VC81 - Santa Barbara
    Property Description
    Wonderful 10-unit asset located in the Hope Neighborhood. This is the first time this property has been on the market in 25 years! Nestled in a prime location near Samsun Clinic, Wells Fargo, Montecito Bank & Trust, Bank of the West, the world-famous Chuck's of Hawaii, Lure Fish House, Islands, Five Points Shopping Center, Whole Foods, Starbucks, La Cumbre Plaza, and Target- scheduled to open this fall. Nearby schools include Little Angels Preschool, Hope Elementary, Monte Vista Elementary and La Colina Jr. High School. The property offers a unit mix of (9) 1BD/1BA apartments and (1) 2BD/1BA house, plus carport parking and a common laundry room for tenants. The house features a large fenced yard and the separate one-bedroom unit offers a private entry and personal outdoor space. Lower units feature private and fenced outdoor patios. Easy access to the 101 Fwy. & Hwy. 154. Rents are under-market, providing exceptional rental upside to a new owner.
    Exterior Features

    Carport Spaces 6.00 Lot Size Source See Remarks Lot Size Units Square Feet Parking Features Carport Attached Parking Total 6.00 Parking YN Yes View Mountain View YN Yes

    Interior Features

    Interior Features Balcony Laundry Features Washer Included

    Property Features

    Association Amenities Other Association YN Yes Cap Rate 3.68 Gross Multiplier 16.71 Gross Operating Income 187800.00 Laundry YN Yes Net Operating Income 113277.00 Special Listing Conditions Standard Total Expenses 70767.00 Zoning R-3/S-D-2

    Listing provided courtesy of Steve Golis of Radius Group Commercial Real E.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-20T00:29:22.327. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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