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Address Not Published

Santa Barbara, CA 93101
  • $8,800,000
  • STATUS: Active
  • ON SITE: 7 Days
  • MLS #: 21-3772
UPDATED: 118 min ago
$8,800,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1937
County:

School Information

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

Description

The crown jewel of Santa Barbara's waterfront, ''El Palacio De La Reina'' is in the very best of locations - 1 block to the beach and 1 block to State St. Its recent renovation is a passion project masterpiece of authentic architectural restoration and gorgeous modern interiors, at a cost of ~$5.5M. The exquisite Spanish Colonial building is capped by a unique and luxurious owner's residence of nearly 2000 square feet. Each residence has its own exterior entrance, and the 3 smaller apartments are finished with the same high-quality designer touches as the owner's home. Works as income generation for long-term or short-term (currently allowed) beach area rentals, or for guests on-and-off, there are many options for use or investment. Offering Memorandum in Documents, do not disturb tenants

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© 2021 Santa Barbara Multiple Listing Service. All rights reserved. Based on information from the Santa Barbara MLS as of 2021-10-18T23:46:50.247. 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 2021-10-18T23:46:50.247.
www.theepsteinpartners.com/homes/122279326
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Address Not Published Santa Barbara, CA 93101

  • Price: $8,800,000
  • Status: Active
  • Updated: 118 min ago
  • MLS #: 21-3772
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1937
Built
Neighborhood:
20 - West Beach
County:
Santa Barbara
Area:
SB/West of State
Elementary School:
Mckinley
Middle School:
S.B. Jr.
High School:
S.B. Sr.
Property Description
The crown jewel of Santa Barbara's waterfront, ''El Palacio De La Reina'' is in the very best of locations - 1 block to the beach and 1 block to State St. Its recent renovation is a passion project masterpiece of authentic architectural restoration and gorgeous modern interiors, at a cost of ~$5.5M. The exquisite Spanish Colonial building is capped by a unique and luxurious owner's residence of nearly 2000 square feet. Each residence has its own exterior entrance, and the 3 smaller apartments are finished with the same high-quality designer touches as the owner's home. Works as income generation for long-term or short-term (currently allowed) beach area rentals, or for guests on-and-off, there are many options for use or investment. Offering Memorandum in Documents, do not disturb tenants
Exterior Features

Parking Information Unc #4 Parking Spaces 4.00

Interior Features

Amenities Fireplace Floor Window Coverings HardwoodMarbleTile Heating Cooling A/C OtherGfa Unit1 Baths 2.00 Unit1 Bedrooms 2.00 Unit1 Half Baths 0.00 Unit2 Baths 2.00 Unit2 Bedrooms 2.00 Unit2 Half Baths 0.00 Unit3 Baths 1.00 Unit3 Bedrooms 1.00 Unit3 Half Baths 0.00 Unit4 Baths 1.00 Unit4 Bedrooms 1.00 Unit4 Half Baths 0.00

Property Features

Condition Excellent Cross Street Mason Deposit 3.00 Foundation Raised Income Expenses Estimated Income Expenses Annual Income 376800.00 Income Expenses Capitalization Rate 2.32 Income Expenses Gross Rent Multiplier 23.4 Income Expenses NOI 204000 Income Expenses Total Monthly Income 31400.00 Meters Separate Meter Electric No Meters Separate Meter Gas No Meters Separate Meter Water No Owner Provides ElecGasHeatTrashWater Proximity Near BusNear OceanNear Park(S)Near Shopping Terms CashCtnl Unit1 Furnished Yes Unit1 Monthly Total 15000.00 Unit1 Rent 15000.00 Unit1 Units 1.00 Unit2 Furnished Yes Unit2 Monthly Total 6800.00 Unit2 Rent 6800.00 Unit2 Units 1.00 Unit3 Furnished Yes Unit3 Monthly Total 4800.00 Unit3 Rent 4800.00 Unit3 Units 1.00 Unit4 Furnished Yes Unit4 Monthly Total 4800.00 Unit4 Rent 4800.00 Unit4 Units 1.00 Zoning R-4

Listing information © 2021 Santa Barbara MLS
Listing provided courtesy of Berkshire Hathaway Home Services California Properties.



© 2021 Santa Barbara Multiple Listing Service. All rights reserved. Based on information from the Santa Barbara MLS as of 2021-10-18T23:46:50.247. 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 2021-10-18T23:46:50.247.
 
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Keller Williams
1503 Chapala Street
Santa Barbara CA, 93101
Listing provided courtesy of Berkshire Hathaway Home Services California Properties.