$2,450,000
$2,595,000
5.6%For more information regarding the value of a property, please contact us for a free consultation.
0.59 Acres Lot
SOLD DATE : 09/03/2015
Key Details
Sold Price $2,450,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 215003276
Sold Date 09/03/15
HOA Y/N No
Year Built 1930
Lot Size 0.590 Acres
Acres 0.59
Property Description
26 unit apartment complex located in the heart of Old Town Goleta. This property has been under the same ownership for over 40 years.The property is well positioned, just off of Hollister Avenue, the main thoroughfare in Goleta. The property sits between Kellogg and Fairview Avenue. The property is a single story complex that features cottage style units, laundry room, on site parking and good storage. Convenient to Highway 101, shopping, dining and many other businesses this property has always enjoyed long term tenants. Residents enjoy easy access to the public transportation as there are numerous MTD stops along Hollister Avenue. This is an ideal situation for an investor who is seeking a property with upside potential in the rents and the opportunity to own a property that has historically featured very low turnover and strong demand. The property is a Trust sale and is to be sold As Is.
Location
State CA
County Santa Barbara
Area Glta - Goleta
Zoning DR-30
Interior
Fireplace No
Exterior
View Y/N No
Private Pool No
Building
Foundation See Remarks
Others
Tax ID 071053010
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with Non Member • Sun Coast Real Estate
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Broker Owner