Solvang CA Multi Family for Sale
$1,725,000
1575 Oak Street Solvang, CA 93463
- Type:
- Apartment
- Sq.Ft.:
- 4,104
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.17 Acres
- Year built:
- 1969
- Baths:
- MLS#:
- PI24182713
ADDITIONAL INFORMATION
Great opportunity for investors! This quaint multi-family property is located minutes from Solvang’s downtown tourist district. This 2-story multi-family apartment building features mid-century modern flair, common area laundry room, and off-street parking. Unit mix includes (1) spacious 3-bedroom unit downstairs with back patio and yard, (1) large 2-bedroom unit with a fabulous covered patio overlooking the mountain range, (2) 1-bedroom units, and (1) studio*, offering a unit style for everyone. Updates within the last 5 years include new furnaces, new siding and paint, new dual pane windows, new roof and much more. New sewer mains and concrete driveway were installed in 2016. This is a “Walker’s Paradise” with a Walk Score of 90 due to its proximity to restaurants, shops, wine tastings, parks and more.
$3,600,000
310 5th Street Solvang, CA 93463
- Type:
- Apartment
- Sq.Ft.:
- 4,500
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.2 Acres
- Year built:
- 1900
- Baths:
- MLS#:
- PI24182421
ADDITIONAL INFORMATION
Don’t miss this very rare opportunity to acquire 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% upside in rents, this property offers the prudent investor lots of upside opportunity.
Solvang Real Estate
The median home value in Solvang, CA is $1,220,000. 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 Solvang, CA is $1,220,000. Approximately 55.92% of Solvang homes are owned, compared to 40.19% rented, while 3.89% are vacant. Solvang 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 Solvang real estate agent to arrange a tour today!
Solvang, California has a population of 6,032. Solvang is less family-centric than the surrounding county with 18.46% of the households containing married families with children. The county average for households married with children is 31.69%.
The median household income in Solvang, California is $94,451. 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 Solvang is 51 years.
Solvang Weather
The average high temperature in July is 82.9 degrees, with an average low temperature in January of 39.1 degrees. The average rainfall is approximately 19.3 inches per year, with 0 inches of snow per year.