For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $2,750,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 21764946
Sold Date 09/29/21
Construction Status Updated/Remodeled
HOA Y/N No
Lot Size 0.300 Acres
Acres 0.3
Property Description
You are not going to want to miss out on this exceptional opportunity to acquire a 4-unit residential income property conveniently located close to Trader Joes, Sprouts, and just a short drive to Montecito, Downtown, and the beach! 925 E. Yanonali St. is a charming, beautifully remodeled 4-unit complex comprising of a 3 bed/2 bath single-family residence in the front perfect for the owner to reside in. Additionally, there is another 3 bed/2 bath unit, two 1 bed/1bath units as well as a permitted fifth structure that could be an additional rental. Each with their own personal touches this layout offers privacy and separate living and entertaining areas. Tastefully and thoughtfully retouched, the property has all the desired features with a tall privacy hedge and tall wooden gatesfor separate entry. All units are bright, sun-filled, and feature open-concept living. Three of the five units feature front sitting porches perfect to create an outdoor sitting area to enjoy a morning cup of coffee or evening cocktail. Drought/budget-friendly turf creates room for outdoor enjoyment and a perfect place for an umbrella and chairs. This is a perfect and rare opportunity to invest in a multi-unit property that is perfect for a 1031 Exchange with the 4.4% projected cap rate, a compound or an owner/occupant seeking immediate cash flow in Santa Barbara. Amenities include:*All new landscaping throughout*New lighting & exterior light fixtures*All new kitchen appliances including range, refrigerator, dishwasher & ample kitchen storage!*New bathroom finishes*Electronic entry door code*Washer/dryer hookup in units (front right unit already has washer/dryer in unit!)*Self-park driveway/street parking (11 potential off street parking)
Location
State CA
County Santa Barbara
Area Vc81 - Santa Barbara
Zoning R-2
Rooms
Ensuite Laundry Stacked
Interior
Laundry Location Stacked
Heating Central, Wall Furnace
Cooling None
Flooring Tile, Wood
Fireplaces Type Living Room
Fireplace Yes
Appliance Dishwasher, Microwave, Oven, Range, Refrigerator
Laundry Stacked
Exterior
Garage Garage, Shared Driveway, Tandem, Unassigned, Uncovered
Pool None
View Y/N No
View None
Roof Type Composition
Parking Type Garage, Shared Driveway, Tandem, Unassigned, Uncovered
Private Pool No
Building
Lot Description Front Yard, Landscaped
Faces East
Entry Level One
Foundation Raised, Slab
Sewer Other
Level or Stories One
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 017051015
Financing Cash
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Nonmember Nonmember • Nonmember Office
GET MORE INFORMATION
Tracy Thrower Conyers
Broker Associate, JD | License ID: 01712960
Broker Associate, JD License ID: 01712960