DRE# 01440068, DRE# 02037359, DRE# 02047418

221 Micheltorena St

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221 Micheltorena St, Santa Barbara, California 93101

$4,500,000

  • 10 units

Incredible opportunity to acquire a significant 10 unit showpiece asset in Downtown Santa Barbara. Close proximity to all Santa Barbara has to offer including State Street, Funk Zone, and Beaches. Every unit has the quintessential look and feel of early 1920's Santa Barbara construction. Original wood flooring refinished in rich walnut span the living area in all units. Every unit has a full size bathtub in the bathroom. 8 of the 10 units have a wood burning fireplace. Gorgeous, clean & renovated units along with ample off- street parking and a warm community feeling. This property has historically low turnover and stable market rents. Currently 16 total tenants on the property, all with 1-year CAR leases extending into mid 2020.

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Property Details

Year Built
1928
Total Units
10
Lot Sq. Ft.
16988.00
Approx. Acres
0.39
Neighborhood
15 or 20 - Downtown
Refrigerators
10.00
Condition
Good
Amenities
Cable TV, Fireplace, Gas Stove, Refrigerator
Laundry
Bldg
Parking
Uncovered
Parking Spaces
16.00
Heating/Cooling
Baseboard, Elec, Wall
Foundation
Raised
Pets
Yes
Proximity
Near Bus, Near Ocean, Near School(s), Near Shopping
Zoning
R-4
Terms
Cash, Ctnl
Elementary Schools
Peabody
Jr. High Schools
S.B. Jr.
High Schools
S.B. Sr.

MLS #19-237 | Listed by Alpha Investment Management on 1/23/2019 | Information updated 8/13/2019 11:30 AM PST | Status: Active

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