4455 Hollister Avenue

    Santa Barbara, CA 93110
    • $3,350,000
    • STATUS: Active
    • ON SITE: 48 days
    • MLS #: 20-1342
    UPDATED: 70 min ago
    $3,350,000
    • 0
      BEDS
    • 0.42
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    Listing provided courtesy of Berkshire Hathaway Home Services California Properties.

    Description

    Rare multi-family investment opportunity! Well-located 11-unit apartment complex by the Santa Barbara / Goleta border, very near to major employment centers, shopping centers, restaurants and freeway access. In this very expensive rental market, the 11 studio rentals are always in demand, being at the entry-level rental range. The units are low-density on a 18,295sf parcel, spread over 2 attractive single-story buildings, detached storage buildings are rented separately, total income is $201K annual. The grounds, exteriors and interiors have been mostly freshened and updated in recent years, providing a pretty oasis for tenants, while convenient to everything that the Santa Barbara area has to offer. See attached unbranded Offering Memorandum, site plan and floorplans under Documents.

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    © 2020 Santa Barbara Multiple Listing Service. All rights reserved. Based on information from the Santa Barbara MLS as of 2020-06-03T07:46:54.697. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Data last updated 2020-06-03T07:46:54.697.
    www.theepsteinpartners.com/homes/105062575

    4455 Hollister Avenue Santa Barbara, CA 93110

    • Price: $3,350,000
    • Status: Active
    • Updated: 70 min ago
    • MLS #: 20-1342
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.42
    Acres
    Neighborhood:
    SB/Gol South
    County:
    Santa Barbara
    Area:
    SB/Gol South
    Elementary School:
    Vieja Valley
    Middle School:
    Lacolina
    High School:
    San Marcos
    Property Description
    Rare multi-family investment opportunity! Well-located 11-unit apartment complex by the Santa Barbara / Goleta border, very near to major employment centers, shopping centers, restaurants and freeway access. In this very expensive rental market, the 11 studio rentals are always in demand, being at the entry-level rental range. The units are low-density on a 18,295sf parcel, spread over 2 attractive single-story buildings, detached storage buildings are rented separately, total income is $201K annual. The grounds, exteriors and interiors have been mostly freshened and updated in recent years, providing a pretty oasis for tenants, while convenient to everything that the Santa Barbara area has to offer. See attached unbranded Offering Memorandum, site plan and floorplans under Documents.
    Exterior Features

    Parking Information Uncovered

    Interior Features

    Amenities DeckFncd PrtPatio Heating Cooling GfaWall Laundry Room Unit1 Baths 1.00 Unit1 Bedrooms 0.00 Unit1 Half Baths 0.00

    Property Features

    Condition ExcellentGood Cross Street Arboleda Deposit 3.00 Exchange Yes Foundation Raised Income Expenses Actual Income Expenses Annual Income 201180.00 Income Expenses Capitalization Rate 3.59 Income Expenses Electric Expense 4485.00 Income Expenses Gas Expense 1920.00 Income Expenses Gross Rent Multiplier 16.65 Income Expenses Insurance 7500.00 Income Expenses NOI 120393 Income Expenses Other Income 3960.00 Income Expenses Taxes 38400.00 Income Expenses Total Annual Exp 80788.00 Income Expenses Total Monthly Income 15510.00 Income Expenses Trash Expense 3790.00 Income Expenses Water Expense 4930.00 Meters Separate Meter Electric No Meters Separate Meter Gas No Meters Separate Meter Water No Owner Provides ElecGasHeatTrashWater Proximity Near BusNear HospitalNear School(S)Near Shopping Terms CashCtnl Unit1 Furnished No Unit1 Monthly Total 15510.00 Unit1 Rent 1550.00 Unit1 Units 11.00 Zoning Other

    Listing information © 2020 Santa Barbara MLS
    Listing provided courtesy of Berkshire Hathaway Home Services California Properties.



    © 2020 Santa Barbara Multiple Listing Service. All rights reserved. Based on information from the Santa Barbara MLS as of 2020-06-03T07:46:54.697. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Data last updated 2020-06-03T07:46:54.697.
     
    Keller Williams
    1435 Anacapa St.
    Santa Barbara CA, 93101
    Listing provided courtesy of Berkshire Hathaway Home Services California Properties.