310 5th ST Solvang, CA 93463
Active
$3,600,000
10 Units
10 Beds
0 Baths
4,500 Area(sq.ft.)
8,712 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 10 | 10 | 0 | No | $ 989 | $ 9,885 | $ 21,000 |
| 1 | 10 | 100 | 0 | $ 9,890 | $ 98,850 | $ 210,000 |
| MLS #: | PI24182421MR |
| Days On Market: | 0 |
| County: | Santa Barbara |
| Property Type: | Residential Income |
| Price per ft2: | $ 800 |
| Price per unit: | $ 360,000 |
| Year Built: | 1900 |
Property Details
Don t miss this very rare opportunity to acquire a well-maintained 10-unit apartment building located in the heart of the desirable City of Solvang. All the units are 1 bed and 1 bath with separate electric and gas meters, and the residents enjoy a private laundry room and off-street parking in the rear of the building. Upgrades within the last 5 years include laminate flooring in many of the units, new water heater, new dual pane windows and a complete replacement of the asphalt driveway and parking lot. The units are close to all that downtown Solvang has to offer, including restaurants, galleries, shops, and more. With over 40% upside in rents, this property offers the prudent investor lots of upside opportunity.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Rent Control: | False |
| Total Annual Expense: | $ 82,816 |
| Net Operating Income: | $ 162,788 |
Structure
| Community Features: | Park |
| Sewer: | Public Sewer |
| Water: | Public |
Land & Parking
| Land Lease Type: | Fee |
| Total Parking: | 10 |
Interior
| Laundry: | Dryer, Dryer Included, Washer, Washer Included |
Exterior
| Pool: | No |
Detailed Map
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Income
