$775,000
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4,791 Sqft Lot
SOLD DATE : 05/08/2014
Key Details
Sold Price $775,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID V0-214013219
Sold Date 05/08/14
Construction Status RepairsCosmetic
HOA Y/N No
Year Built 1962
Lot Size 4,791 Sqft
Property Description
Get the return of a large apartment building in a duplex! Only 12.99 GRM / 5.33% cap. rate. These are the best numbers you will find locally in this building class. This a centrally located duplex just one block to the beach in Isla Vista and a couple of blocks to UCSB. Each unit is approx. 875 SF and features two bedrooms, one and a half baths, a breakfast bar off the galley kitchen and private yards. Planned enrollment increases and positive millennial demographics make this an excellent investment.
Location
State CA
County Santa Barbara
Area Isla - Isla Vista
Zoning SR
Interior
Heating NaturalGas
Cooling None
Flooring Carpet
Fireplace No
Appliance GasCooking, GasOven, GasWaterHeater, Range, Refrigerator
Exterior
Parking Features DoorSingle, Driveway, Garage, Tandem, Unassigned
Community Features Park
Utilities Available WaterConnected
Roof Type Composition,Shingle
Building
Lot Description Level, NearPark, RectangularLot
Entry Level One
Foundation Slab
Water Public
Level or Stories One
Construction Status RepairsCosmetic
Others
Senior Community No
Tax ID 075142047
Acceptable Financing Cash, CashtoNewLoan
Listing Terms Cash, CashtoNewLoan
Special Listing Condition Standard
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25101 The Old Road Suite 240, Ranch, Ca, 91381, United States