Turnkey apartment building! No significant capital improvements needed. Extensively remodeled 11-unit multifamily property located just one block from Cottage Hospital, minutes from Downtown and Uptown Santa Barbara, and near the beach and Highway 101. This Spanish-style property consists of an ideal unit mix featuring nine (9) large 2BD/2BA units and two (2) large 1BD/1BA units and offers tenants an intimate common courtyard along a creek setting amongst mature sycamores, pines and oaks. The property features 16 off street parking spots, private patios and/or decks for each unit, common onsite laundry facilities, bike storage, and tenant storage closets. Each unit has been tastefully remodeled with new wood-like vinyl flooring, new tile, new gourmet kitchens, new bathrooms, new appliances, new fixtures, new doors, new windows, and new paint throughout. The exterior has been improved with a new smooth stucco exterior, updated staircases and handrails, updated patios and decks, new exterior paint, new patio pavers, and improved landscaping. This recent remodel was completed to ensure an owner is able to obtain top dollar from Oak Park's rental market. *Square footage is estimated and only includes livable areas and laundry/storage rooms. ** Current Rents include current asking rents for four units that are currently vacant
Available for the first time in over 50 years: a rare under-developed parcel adjacent to Cottage Hospital medical buildings. The property has 3 apartment units at the front, with the back half undeveloped. Recent positive housing density legislation provides a great opportunity for developers to add to or fully redevelop the parcel. Dual access is available via a public alley. The location is prime by Cottage, Sansum Clinic and numerous medical specialists, as well as the Upper De La Vina commercial corridor. The Offering Memorandum in Documents includes a land-use report projecting up to 11 apartment units. Unique development opportunity in a highly desirable area of Santa Barbara, or also consider for standard investor/1031 exchange as income + land-bank. Walk property by appt. only.
New 2023 remodeled multifamily asset located on the corner of W. Padre and De La Vina Streets. This multifamily investment property consists of eight (8) 1BD/1BA apartments in close proximity to Cottage Hospital and Downtown Santa Barbara. Renovations include new exterior and interior cosmetic upgrades, plumbing & electrical upgrades, and landscaping. This garden-style apartment complex also features on-site laundry and parking, convenient freeway access and walking distance to various restaurants, markets and many other amenities. Please visit our website for full PDF brochure.
The median home value in Santa Barbara, CA is $1,525,500. This is higher than the county median home value of $863,600. The national median home value is $338,100. The average price of homes sold in Santa Barbara, CA is $1,525,500. Approximately 38.65% of Santa Barbara homes are owned, compared to 55.47% rented, while 5.88% are vacant. Santa Barbara real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Santa Barbara real estate agent to arrange a tour today!
Santa Barbara, California 93105 has a population of 89,132. Santa Barbara 93105 is less family-centric than the surrounding county with 26.85% of the households containing married families with children. The county average for households married with children is 31.69%.
The median household income in Santa Barbara, California 93105 is $89,243. The median household income for the surrounding county is $84,356 compared to the national median of $69,021. The median age of people living in Santa Barbara 93105 is 39.1 years.
The average high temperature in July is 73.1 degrees, with an average low temperature in January of 43.1 degrees. The average rainfall is approximately 18.5 inches per year, with 0 inches of snow per year.