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605 W Canon Perdido St

Santa Barbara, CA 93101
  • $3,500,000
  • STATUS: Active
  • ON SITE: 67 Days
  • MLS #: 21-785850
UPDATED: 14 min ago
$3,500,000
  • 6
    BEDS
  • 0.23
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

Pride of ownership residential income property, comprised of 6 one bedroom bungalows and above garage studio. Offered for sale for the first time in over 35 years. Located within minutes to downtown Santa Barbara, area beaches and SBCC. Numerous upgrades, offering individual patios for one bedroom units, laundry hook-ups, five garages and additional off-street parking. Strong and consistent rental history/demand. Property is being offered at a 4% cap rate. An ideal income-producing asset, located in one of the most sought after locales in the world.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-11-27T08:42:21.893. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.deserthouseseekers.com/homes/121599912
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605 W Canon Perdido St Santa Barbara, CA 93101

  • Price: $3,500,000
  • Status: Active
  • On Site: 67 Days
  • Updated: 14 min ago
  • MLS #: 21-785850
6
Beds
0
Baths
0
½ Baths
0.23
Acres
Neighborhood:
Santa Barbara
County:
Santa Barbara
Area:
Santa Barbara
Property Description
Pride of ownership residential income property, comprised of 6 one bedroom bungalows and above garage studio. Offered for sale for the first time in over 35 years. Located within minutes to downtown Santa Barbara, area beaches and SBCC. Numerous upgrades, offering individual patios for one bedroom units, laundry hook-ups, five garages and additional off-street parking. Strong and consistent rental history/demand. Property is being offered at a 4% cap rate. An ideal income-producing asset, located in one of the most sought after locales in the world.
Exterior Features

Direction Faces North Levels Ground Level Lot Size Area 10019 Other Structures None Parking Garage Garage - 4+ Car Style Spanish Total Parking 6 View Description None View YN No

Interior Features

Baths Total 6.00 Common Walls Attached Cooling None Equipment None Heating Wall

Property Features

ADACompliance No Assessed Total Value 535817 Gross Income 15975 Gross Operating Income 0 Land Lease Type Fee Like Units1 6 Like Units2 1 Net Operating Income 0.00 Number Of Buildings 5 Number Of Units 7 Property Condition Updated/Remodeled Sale Type Standard Security Features None Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 0 Type Of Units Bungalows Water Heaters YN Yes Zoning R-3

Listing provided courtesy of Nicklas Svensson DRE#01213705 of Compass.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-11-27T08:42:21.893. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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