1532 Castillo Street, Santa Barbara, CA 93101

$2,350,000
List Price
$2,350,000
Status
ACTIVE
MLS#
21737760
Year Built
1913
Lot Size
7,841
Acres
0.18
Days on Market
20
Property Type
Multifamily
Style
Colonial

Property Description

A beautifully renovated 1913 Colonial in the heart of Downtown Santa Barbara, 1532 Castillo is an incredibly stable turnkey investment in an A+ location. The fully leased triplex boasts market rents, a strong rental history, low maintenance costs and R-4 zoning. The main house has 5 beds & 3 baths, and has undergone a full renovation, including a new kitchen & bathrooms, all new electrical & plumbing and ductless heat & AC. The detached rear duplex has also undergone a full renovation, and features wood floors, updated kitchens, AC & in-unit laundry. Currently generating $132,000 in rental income annually, the property is being offered at a 4% cap rate. Perfect for an investor looking for an income-producing asset, or an owner/user who wants to live in the front home & rent out the back. Showings subject to inspection.

Additional Information

Appliances
Dishwasher, Disposal, Range, Refrigerator, Range Hood, Vented Exhaust Fan
Fireplace Description
Living Room
Heat
Floor Furnace, Heat Pump
Cooling
Yes
Cooling Description
Heat Pump
Number Of Units Total
3

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

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Calculator source: Real Geeks

Listing courtesy of Lucas Martinez from Compass

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.