228 W Alamar, Santa Barbara, CA 93105

$4,000,000
6,500
SqFt

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List Price
$4,000,000
Status
ACTIVE
MLS#
26-2367
Living Area
6,500
Region
SB/WEST OF STATE
Year Built
1964

Property Description

Rare opportunity to acquire an 11-unit apartment building in one of Santa Barbara's most desirable rental locations. Ideally situated approximately .7 miles from Cottage Hospital and approximately .4 miles from Trader Joe's, this centrally located property offers convenient access to the De La Vina Corridor, downtown Santa Barara, waterfront beaches, shopping and major freeways. Your tenants can enjoy the benefits of living in a vibrant Santa Barbara neighborhood with convenient access to dining, coffee shops, outdoor recreation, parks, scenic beaches and a desirable coastal climate. Consisting of 11 units, 3 x 2 bedroom/ 1 bath units, 4 x 1 bedroom/1 bath units and 4 studios (one without kitchen).

Additional Information

Elementary School
Peabody
Middle School
S.B. Jr.
High School
S.B. Sr.
Acres
0.29
Foundation
Slab, Mixed
Gross Rent Multiplier
13.4
Laundry
Bldg
Living Area
6,500
Other Income
1800
Parking Garage
Carport, Garage
Region
SB/WEST OF STATE
Terms
Cash, Conventional
Units
11
Zoning
Other

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Calculator source: Real Geeks

Listing courtesy of Berkshire Hathaway HomeServices California Properties.