On Site53 days
Year1972
Katinka Goertz
(805) 708-9616
Status:
Pending
Property Type:Residential Income
MLS #:23-271
On Site:53 Days
County:Santa Barbara
*Current Loan is Assumable!* Beachwalk Apartments sits on 2 separate parcels & offers a rare unit mix. The property boasts 2 buildings consisting of (4) 3 bed/2 bath, (14) 2 bed/2 bath townhouse-style, (1) 2 bed/1 bath and (1) 1 bed/1 bath extremely spacious apartments. 13 units have been fully remodeled with modern amenities & finishes including laminate flooring & upgraded kitchens w/granite countertops, new cabinetry & energy efficient appliances. 3 units have received a partial remodel & the remaining 4 units have been well maintained; offering the new Owner the possibility to put their finishing touches on them. Tenants enjoy the convenience & ease of off-street parking as well as onsite coin operated washers and dryers.
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Community Information
Address:234 S Voluntario Street, Santa Barbara, CA 93103
Area:15 - SB/EAST OF STATE
County:Santa Barbara
City:Santa Barbara
Subdivision:15 - Lower Eastside
Zip Code:93103
School Information
High School:S.B. Sr.
Middle School:S.B. Jr.
Elementary School:Cleveland
Architecture
Year Built:1972
Unit 1: 3.00 beds, 2.00 baths. Rent: $13860.00. Monthly Total: $13860.00
Unit 2: 2.00 beds, 2.00 baths. Rent: $43128.00. Monthly Total: $43128.00
Unit 3: 2.00 beds, 1.00 baths. Rent: $3695.00. Monthly Total: $3695.00
Unit 4: 2.00 beds, 1.00 baths. Rent: $2325.00. Monthly Total: $2325.00
Parking / Garage: Uncovered
Features / Amenities
Floors / Windows Coverings: Stone, Tile, Wood/Laminate
Laundry: Bldg
Property Features
Nearby: Bus, Ocean, Park(s), School(s), Shopping
Zoning:R-3
Tax and Financial Info
Terms: Cash, Ctnl
Total Monthly Income: $63, 008
Annual Income: $756, 096
Gross Rent Multiplier: 14.17
Capitalization Rate: 4.02
NOI: 56.95
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234 S Voluntario Street Santa Barbara, CA 93103
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Listing Information Last Updated 3/27/2023
Listing provided courtesy of Radius Group Commercial R.E..
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