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$ 2,900,000
Est. payment | /mo
1 Bed
1 Bath
8,712 Sqft Lot
$ 2,900,000
Est. payment | /mo
1 Bed
1 Bath
8,712 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PI25075919
Bedrooms 1
HOA Y/N No
Lot Size 8,712 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
This is 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 percent upside in rents, this property offers the prudent investor lots of upside opportunity.
This is 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 percent upside in rents, this property offers the prudent investor lots of upside opportunity.
This is 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 percent upside in rents, this property offers the prudent investor lots of upside opportunity.
Location
State CA
County Santa Barbara
Area Solvang (93463)
Zoning Other
Building
Lot Description Sidewalks
Story 2
Lot Size Range 7500-10889 SF
Others
Acceptable Financing Cash
Space Rent $1,153
Listing Terms Cash
Listed by Steven Battaglia • Steven Battaglia, Broker
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "