1575 Oak ST Solvang, CA 93463
Active
$1,725,000
5 Units
6 Beds
4 Baths
4,104 Area(sq.ft.)
7,405 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 3 | 1 | No | $ 1,545 | $ 1,545 | $ 3,557 |
| Unit 2 | 1 | 2 | 1 | No | $ 1,345 | $ 1,345 | $ 3,536 |
| Unit 3 | 2 | 1 | 1 | No | $ 1,020 | $ 1,970 | $ 4,803 |
| Unit 4 | 1 | studio | 1 | No | $ 750 | $ 750 | $ 1,545 |
| 4 | 5 | 7 | 5 | $ 5,680 | $ 7,580 | $ 18,244 |
| MLS #: | PI24182713MR |
| Days On Market: | 7 |
| County: | Santa Barbara |
| Property Type: | Residential Income |
| Price per ft2: | $ 420 |
| Price per unit: | $ 345,000 |
| Year Built: | 1969 |
Property Details
Great opportunity for investors! This quaint multi-family property is located minutes from Solvang s downtown tourist district. This 2-story multi-family apartment building features mid-century modern flair, common area laundry room, and off-street parking. Unit mix includes (1) spacious 3-bedroom unit downstairs with back patio and yard, (1) large 2-bedroom unit with a fabulous covered patio overlooking the mountain range, (2) 1-bedroom units, and (1) studio*, offering a unit style for everyone. Updates within the last 5 years include new furnaces, new siding and paint, new dual pane windows, new roof and much more. New sewer mains and concrete driveway were installed in 2016. This is a Walker s Paradise with a Walk Score of 90 due to its proximity to restaurants, shops, wine tastings, parks and more.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Rent Control: | False |
| Total Annual Expense: | $ 48,452 |
| Net Operating Income: | $ 105,778 |
Structure
| Community Features: | Park |
| Sewer: | Public Sewer |
| Water: | Public |
Land & Parking
| Land Lease Type: | Fee |
Interior
| Laundry: | Dryer, Dryer Included, Laundry Area, Washer, Washer Included |
Exterior
| Pool: | No |
Detailed Map
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