410 W Micheltorena Street

    Santa Barbara, CA 93101
    • $5,250,000
    • STATUS: Active
    • ON SITE: 189 days
    • ID#: 18342446
    UPDATED: 35 min ago
    $5,250,000
    • 0
      BEDS
    • 0.38
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 12,014
      SQFT
    • $437
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1968
    County:

    School Ratings & Info

    Description

    This recently updated 12+ apartment multi-family investment generating a 4% cap return features a 12,014 square foot building with 16 covered parking spaces, onsite laundry, and lovely landscaped grounds . New flooring, updated kitchens/baths, fresh paint and close to market rents with room to grown makes this an excellent opportunity!! Assumable financing is available for 50% of the list price.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-15T20:34:39.68. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.pismohomes.com/homes/83404080

    410 W Micheltorena Street Santa Barbara, CA 93101

    • Price: $5,250,000
    • Status: Active
    • Updated: 35 min ago
    • ID#: 18342446
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.38
    Acres
    12,014
    SQFT
    $437
    $/SQFT
    1968
    Built
    Neighborhood:
    VC81 - Santa Barbara
    County:
    Santa Barbara
    Area:
    VC81 - Santa Barbara
    Property Description
    This recently updated 12+ apartment multi-family investment generating a 4% cap return features a 12,014 square foot building with 16 covered parking spaces, onsite laundry, and lovely landscaped grounds . New flooring, updated kitchens/baths, fresh paint and close to market rents with room to grown makes this an excellent opportunity!! Assumable financing is available for 50% of the list price.
    Exterior Features

    Lot Features Sprinklers None Lot Size Units Square Feet Parking Features Carport Detached Parking YN Yes

    Interior Features

    Appliances Refrigerator Appliances YN Yes Cooling None Cooling YN No Laundry Features Individual Room

    Property Features

    Gross Multiplier 17.89 Gross Operating Income 374045.00 Improvements Amount 2250000 Land Value 1850000 Laundry YN Yes Net Operating Income 304183.00 Special Listing Conditions Standard Total Expenses 66362.00 Zoning R-4

    Listing provided courtesy of John Thyne of Goodwin & Thyne Properties Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-15T20:34:39.68. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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