$2,350,000

Multi Family In Santa Barbara

  • 8 Beds
  • 3,332 Sqft
  • 7,406 Sqft lot
  • Updated: Today
  • Source:
    North Santa Barbara County Regional MLS  MLS#26002232

About the Property

Well-maintained fourplex located in a desirable Santa Barbara location. The property offers an attractive unit mix consisting entirely of two-bedroom units and currently provides immediate rental or owner-occupancy opportunities with two vacant units. The carports and carport structure present an excellent opportunity for potential ADU development, subject to city approval and applicable regulatio
Well-maintained fourplex located in a desirable Santa Barbara location. The property offers an attractive unit mix consisting entirely of two-bedroom units and currently provides immediate rental or owner-occupancy opportunities with two vacant units. The carports and carport structure present an excellent opportunity for potential ADU development, subject to city approval and applicable regulations.
Significant recent capital improvements, including a new roof, exterior repairs and paint, updated electrical service, plumbing improvements, replacement water heaters, and Unit #1 has been fully
remodeled with recent improvements totaling over $50k, help minimize near-term maintenance expenses and enhance the property’s appeal.
With two vacant units and projected gross rents of approximately $13,900 per month, the property presents an attractive value-add opportunity for investors seeking immediate rental upside and strong long-term income potential.
…
  • Property type

    Other

  • Year built

    1969

  • Price/sqft

    $705

Features

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333 E Micheltorena Street, Santa Barbara, California, United States View on Google Maps
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Radius Commercial RE - Santa Barbara

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Radius Commercial RE - Santa Barbara
California, United States
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Radius Commercial RE - Santa Barbara
Santa Barbara, California, United States
View agency profile
Last updated
Today
First listed
November 5
Listing reference
26002232
Listing status
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