712 West ANAPAMU Street, Santa Barbara, CA 93101 (MLS # 218005523)

Price $2,350,000
Status Active
Beds 3
Baths 2 baths
Home size 5,240 sq ft
Lot Size 10,019 sqft
Days on Market 20
Eight-unit apartment located near downtown Santa Barbara close to Santa Barbara City College (SBCC), the Mesa, restaurants, shopping, parks, and only minutes to the beach and downtown Santa Barbara. This 5,240 square foot garden-style building consists of seven large 1BD/1BA and one large 2BD/1BAs and provides an expansive common courtyard, a large common second floor-deck with mountain views, eight onsite parking stalls, an onsite laundry room and private patios or balconies for all the units. All units are approximately 35% below market, allowing a buyer the opportunity to reposition the property and obtain a 5.0%+ Cap Rate at market rents in one of the strongest rental markets along the Central Coast. The location of this property is ideally situated to allow a new owner to position the property to professionals, small families, or students due to the proximity to SBCC which is under served for student rentals. Please note the seller is providing interested buyer several reports and disclosures prior to submitting an offer including a Pest Report, Roof Reports, Sewer Lateral Inspection, and a Preliminary Title Report.
Property Type(s): Residential Income
Last Updated 5/8/2018 Year Built 1967
Community Mission Hills - Santa Barbara (MHSB) County Santa Barbara

Additional Details

AREA Mission Hills - Santa Barbara (MHSB)
GARAGE Parking Space, Yes
LOT 10019 sq ft
PARKING 8 Garage: 0.0
STORIES 2

Location

 

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Listing provided by Christos Celmayster CalBRE:01342996, Hayes Commerical Corp

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