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Joanne Stoltz

Joanne Stoltz
Coldwell Banker
Santa Barbara, CA 93105

CA BRE#00387433
805-895-7322
Contact Me

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Listing 8 out of 99
$6,395,000 For Sale

230-234 Castillo St
Santa Barbara, CA 93101

21 units | Multi Family Home - MLS# 19-3132
Property Photo
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Description

This superbly located West Beach apartment property -- central to the harbor, Waterfront, Funk Zone, City College and downtown -- has been rented as a 21-unit complex for decades. A current ZIR by the City of Santa Barbara determined there are 18 permitted residential units with 3 studios to be combined with adjacent units to meet code compliance, which shall be the buyer's responsibility. However, the economic impact is positive as current management has been conservative with rents. The financial analysis on the following page represents current rents with 21 units. This property is well maintained, and the average tenancy of the current residents is 4 years. See attachments for more details and a confidentiality agreement that must be signed prior to receiving full due diligence package.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • County/Area: Santa Barbara County
  • Zip Code: 93101
  • Year Built: 2000
  • Elementary School: Washington
  • Middle School: Lacolina
  • High School: S.b. Sr.
  • Units: 21 units
  • Zoning: R-3
  • Area: 20 - SB/WEST OF STATE
  • Annual Income: 253803.00
  • Unit 1: 60-Of-This-Type, 20-Bed, 10-Bath, $25500/Mo
  • Unit 2: 100-Of-This-Type, 10-Bed, 10-Bath, $16000/Mo
  • Unit 3: 50-Of-This-Type, 10-Bed, 10-Bath, $16500/Mo
Courtesy of Hayes Commercial Group



Joanne Stoltz | 805-895-7322 | Contact Me
3938 State Street - Santa Barbara, CA 93105
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