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Listed by Steven Battaglia • Steven Battaglia, Broker
$ 2,900,000
Est. payment | /mo
4,500 SqFt
$ 2,900,000
Est. payment | /mo
4,500 SqFt
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 4,500 sqft
Price per Sqft $644
MLS Listing ID PI-25075919
Year Built 1971
Lot Size 8,712 Sqft
Property Sub-Type Apartment
Property Description
This is 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 percent upside in rents, this property offers the prudent investor lots of upside opportunity.
Location
State CA
County Santa Barbara
Area Vang - Solvang
Interior
Heating Wall Furnace
Cooling None
Flooring Carpet, Laminate
Fireplaces Type None
Laundry Common Area
Exterior
Parking Features Gated
Pool None
Community Features Sidewalks
Utilities Available Water Connected, Electricity Connected, Natural Gas Connected
Building
Lot Description Near Public Transit, Park Nearby
Sewer Public Sewer