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Key Details
Sold Price $2,225,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,390 sqft
Price per Sqft $656
MLS Listing ID 21737760
Sold Date 08/11/21
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1913
Lot Size 7,840 Sqft
Acres 0.18
Property Description
A beautifully renovated 1913 Colonial in the heart of Downtown Santa Barbara, 1532 Castillo is an incredibly stable turnkey investment in an A+ location. The fully leased triplex boasts market rents, a strong rental history, low maintenance costs and R-4 zoning. The main house has 5 beds & 3 baths, and has undergone a full renovation, including a new kitchen & bathrooms, all new electrical & plumbing and ductless heat & AC. The detached rear duplex has also undergone a full renovation, and features wood floors, updated kitchens, AC & in-unit laundry. Currently generating $132,000 in rental income annually, the property is being offered at a 4% cap rate. Perfect for an investor looking for an income-producing asset, or an owner/user who wants to live in the front home & rent out the back.
Location
State CA
County Santa Barbara
Area Vc81 - Santa Barbara
Zoning R-4
Rooms
Ensuite Laundry Laundry Room
Interior
Laundry Location Laundry Room
Heating Floor Furnace, Heat Pump
Cooling Heat Pump
Flooring Wood
Fireplaces Type Living Room
Fireplace Yes
Appliance Dishwasher, Disposal, Range, Refrigerator, Range Hood, Vented Exhaust Fan, Dryer, Washer
Laundry Laundry Room
Exterior
Garage Covered, Detached Carport, Driveway
Carport Spaces 2
Parking Type Covered, Detached Carport, Driveway
Total Parking Spaces 2
Building
Story 2
Architectural Style Colonial
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 027212025
Financing Cash
Special Listing Condition Standard
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Bought with Lucas Martinez • Compass
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Tracy Thrower Conyers
Broker Associate, JD | License ID: 01712960
Broker Associate, JD License ID: 01712960