1598 Oak Street

    Solvang, CA 93463
    • $1,150,000
    • STATUS: Active Under Contract
    • ON SITE: 196 days
    • MLS #: 18001558
    Under Contract
    UPDATED: 25 min ago
    $1,150,000
    • 0
      BEDS
    • 0.37
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,827
      SQFT
    • $300
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    Fantastic investment opportunity, second home...or both! Approved by the City of Solvang for short-term rental use, this one-of-a-kind property is ready to start generating income. This is one of only a handful of properties with approved zoning for short-term rental or vacation rental use in Solvang and the Santa Ynez Valley. Nestled in the heart of downtown, in an oasis of tranquility and beauty, the property is just under 4,000 sq ft of beautiful fully-remodeled space: 6 bedrooms, 4 full/2 half baths, 2 kitchens, high beamed ceilings, stunning Great Room, gourmet kitchen. Capitalization potential projected to be as high as 9.9% (assuming a 46% rental occupancy rate and management by owner.)Pro forma spreadsheet are available from the listing office.

    Monthly Payment Calculator



    © 2018 North Santa Barbara County MLS. All rights reserved. Based on information from the Santa Maria Association of REALTORS® (alternatively, from the Central Coast Regional MLS) as of 2018-12-10T17:29:37.64. All data, including measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams.

    www.theepsteinpartners.com/homes/83997719

    1598 Oak Street Solvang, CA 93463

    • Price: $1,150,000
    • Status: Active Under Contract
    • Updated: 25 min ago
    • MLS #: 18001558
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.37
    Acres
    3,827
    SQFT
    $300
    $/SQFT
    Neighborhood:
    1 - Not Applicable
    County:
    Santa Barbara
    Area:
    38 - Santa Ynez Valley
    Property Description
    Fantastic investment opportunity, second home...or both! Approved by the City of Solvang for short-term rental use, this one-of-a-kind property is ready to start generating income. This is one of only a handful of properties with approved zoning for short-term rental or vacation rental use in Solvang and the Santa Ynez Valley. Nestled in the heart of downtown, in an oasis of tranquility and beauty, the property is just under 4,000 sq ft of beautiful fully-remodeled space: 6 bedrooms, 4 full/2 half baths, 2 kitchens, high beamed ceilings, stunning Great Room, gourmet kitchen. Capitalization potential projected to be as high as 9.9% (assuming a 46% rental occupancy rate and management by owner.)Pro forma spreadsheet are available from the listing office.
    Exterior Features

    Exterior Stucco Exterior Features PatioPatio Covered Lot Characteristics DownslopeLevel Roof Description Composition

    Interior Features

    Air Conditioning Central Air Foundation Slab Heating Forced AirNatural Gas Interior Features Cathedral CeilingsDual Pn WindowsFire SprinklersPantry Laundry Other Sprinklers Yes Stories One

    Property Features

    Allowable Uses Trc - See City Planning: Https://Www.Cityofsolvang.Com/155/Planning-Community-Development Listing Detail None Location DowntownMid-Block Monthly Rent 0.00 Possession Negotiable Property Use Free Standing Bldg Real Estate Included Yes Reports Available Pest Inspection Sewer Public Sewer Site Improvements Cable AvailableCurbs/GutterPaved StreetsSidewalksStreet LightsTelephone Sub Type Hospitality Terms CashNew Loan Under Construction No Water Public Zone Description Com/ResidentialComm RetailCommercialOff/Professional

    Listing provided courtesy of Allan S. Jones of Santa Ynez Valley Real Estate.



    © 2018 North Santa Barbara County MLS. All rights reserved. Based on information from the Santa Maria Association of REALTORS® (alternatively, from the Central Coast Regional MLS) as of 2018-12-10T17:29:37.64. All data, including measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams.

     
    Keller Williams
    1435 Anacapa St.
    Santa Barbara CA, 93101