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$ 2,900,000
Est. payment | /mo
10 Beds
10 Baths
4,500 SqFt
$ 2,900,000
Est. payment | /mo
10 Beds
10 Baths
4,500 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Pending
Purchase Type For Sale
Square Footage 4,500 sqft
Price per Sqft $644
MLS Listing ID 25000652
Bedrooms 10
Full Baths 10
Year Built 1971
Lot Size 8,712 Sqft
Property Sub-Type Multi Family
Property Description
This is a well-maintained 10-unit apartment building located in the heart of the desirable City of Solvang. All the units are 1 bed and 1 bath with separate electric and gas meters, and the residents enjoy a private laundry room and off-street parking in the rear of the building. Upgrades within the last 5 years include laminate flooring in many of the units, new water heater, new dual pane windows and a complete replacement of the asphalt driveway and parking lot. The units are close to all that downtown Solvang has to offer, including restaurants, galleries, shops, and more. With over 40 prcnt upside in rents, this property offers the prudent investor lots of upside opportunity.
Location
State CA
County Santa Barbara
Area 38 - Santa Ynez Valley
Zoning Res Multi-Family
Interior
Heating Wall Furnace
Cooling None
Exterior
Parking Features 6 - 10
Roof Type Composition,Shingle
Building
Foundation Slab
Others
Acceptable Financing New Loan, Cash
Listing Terms New Loan, Cash
Listed by Steven R Battaglia • Battaglia Commercial RE
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