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427 W Montecito Street

Santa Barbara, CA 93101
  • $5,995,000
  • STATUS: Active
  • ON SITE: 24 Days
  • ID#: PI23167314
UPDATED: 169 min ago
$5,995,000
  • 0
    BEDS
  • 0.24
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1962
County:

School Ratings & Info

Listing Agent(s): Steven Battaglia of Steven Battaglia, Broker (805-688-5333)


Description

Twilight Apartments is a well-located multi-family property in Santa Barbara's West Beach area, close to Santa Barbara Harbor, West Beach, Santa Barbara City College, Pershing Park, and all that Santa Barbara's waterfront has to offer. Property consists of (1) 2Bed/1Bath, (6) 1Bed/1Bath, and (12) Studios, for a total of 19 units in 2 buildings. Property was originally built in 1962 and has a Certificate of Occupancy as apartments. All utilities are master metered. Studio apartments have compact kitchenettes. There are 19 tuck-under parking spaces and a common area laundry room. Income and GRM shown are proforma

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-10-03T00:28:54.443. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Romero Home Team | eXp Realty. Licensed in the State of California, USA.
www.romerohometeam.com/homes/143235531
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427 W Montecito Street Santa Barbara, CA 93101

  • Price: $5,995,000
  • Status: Active
  • On Site: 24 Days
  • Updated: 169 min ago
  • ID#: PI23167314
0
Beds
0
Baths
0
½ Baths
0.24
Acres
1962
Built
Neighborhood:
Santa Barbara: Other (80)
County:
Santa Barbara
Area:
VC81 - Santa Barbara
Property Description
Twilight Apartments is a well-located multi-family property in Santa Barbara's West Beach area, close to Santa Barbara Harbor, West Beach, Santa Barbara City College, Pershing Park, and all that Santa Barbara's waterfront has to offer. Property consists of (1) 2Bed/1Bath, (6) 1Bed/1Bath, and (12) Studios, for a total of 19 units in 2 buildings. Property was originally built in 1962 and has a Certificate of Occupancy as apartments. All utilities are master metered. Studio apartments have compact kitchenettes. There are 19 tuck-under parking spaces and a common area laundry room. Income and GRM shown are proforma
Exterior Features

Carport Spaces 19 Carport YN Yes Entry Level 2 Entry Location 2 Foundation Details Slab Lot Features 36-40 Units/Acre Number Of Separate Electric Meters 0 Parking Features Attached Carport Parking Total 19 Pool Features None Pool Private YN No Property Attached YN Yes Roof Flat

Interior Features

Common Walls 2+ Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Heating Wall Furnace Heating YN Yes

Property Features

Additional Parcels YN No Cap Rate 5.73 Common Interest Community Apartment Community Features CurbsSidewalks Electric Expense 1 Fuel Expense 1 Garage YN No Gross Income 532200 Gross Scheduled Income 532200 Insurance Expense 1 Land Lease YN No Laundry Features Common Area Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Net Operating Income 343531 New Construction YN No Number Of Separate Gas Meters 0 Number Of Separate Water Meters 0 Number Of Units Leased 19 Operating Expense 172703 Possession Close Of Escrow Property Sub Type Apartment Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 1 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Water Sewer Expense 1 Water Source Public Zoning R-4/S-D-3



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-10-03T00:28:54.443. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Romero Home Team | eXp Realty. Licensed in the State of California, USA.
 
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Romero Home Team | eXp Realty
865 Aerovista Pl, Suite 120
San Luis Obispo CA, 93401
Listing Agent(s): Steven Battaglia of Steven Battaglia, Broker (805-688-5333)