330 E Figueroa Street, Santa Barbara, CA 93101
- $1,600,000
- 2,750
- SqFt
- List Price
- $1,600,000
- Status
- ACTIVE
- MLS#
- 24-3313
- Living Area
- 2,750
- Lot Size
- 5,227
- Region
- SB/EAST OF STATE
- Year Built
- 1920
Property Description
Conveniently located just three blocks from State Street and near the many amenities of Downtown Santa Barbara, this value-add multifamily opportunity has been priced to account for the work the property requires: structural work, new roof, site work, exterior and interior updates and improvements. Ideal for a contractor, developer or savvy investor to improve and remodel five rental units while mitigating the issues around tenancies. Per plans with the City, this 1920's Craftsman-style building totals 2,750 SF and consists of a 2BD/1BA, a 1BD/1BA, and three Studios. The property provides five onsite parking spaces and common laundry for the tenants. Three of the five units will be vacant at the COE.
/u.realgeeks.media/sbrehomes/tiare-barels-staff-photo-2012.jpg)
Additional Information
- Elementary School
- Roosevelt
- Middle School
- S.B. Jr.
- High School
- S.B. Sr.
- Acres
- 0.12
- Annual Income
- 163680
- Capitalization Rate
- 7.14
- Condition
- Fair, Poor
- Gross Rent Multiplier
- 9.78
- Laundry
- Laundry Room
- Living Area
- 2,750
- Lot Size
- 5,227
- Neighborhood
- or 20 - Downtown
- Other Income
- 6480
- Parking Garage
- Unc #5
- Region
- SB/EAST OF STATE
- Stories
- 2
- Total Annual Expense
- 46246
- Total Monthly Income
- $13,100
- Units
- 5
- Zoning
- Other
Mortgage Calculator
Listing courtesy of Hayes Commercial Group.