1225-1229 Bath Street, SANTA BARBARA, CA 93101 (MLS# 24-207)

1225-1229 Bath Street, SANTA BARBARA, CA 93101

$3,400,000

1225-1229 Bath St (SE Ocean View Aerial)

Property Type: Res Inc Square Footage: 3,500 Lot Size (sq. ft.): 18,295 Status: Closed

Current Price: $3,400,000 List Date: 1/19/2024 Last Modified: 11/08/2024

Overview

Description

EXCEPTIONAL DOWNTOWN SANTA BARBARA PORTFOLIO ASSET! 6-unit plus 3-unit property (9-units total) on separate/adjacent parcels. Early 1900's Craftsman multi-unit apartment house situated on approx. .25 acre + Craftsman tri-plex situated on approx. .17 acre (.42 flat acre combined) in a prime downtown Santa Barbara location. Parking accommodates approx. 10 vehicles. Versatile R-MH (R-4) zoning offers potential for multi-unit apartments/condominiums, Inn/Hotel/Bed & Breakfast, multi-unit residential income use (Buyer to verify). Current unit mix (4)1BD/1BA, (2)2BD/1BA, (3)Studio. Maximum allowable rental unit potential currently unrealized. Walking distance to Downtown, The Public Market & SB Theatre District. >1225/1227 & 1229 Bath Street LP: $4,500,000

Listing Details MLS# 24-207

Location Info

District: 20 - SB/WEST OF STATE
Street #: 1225-1229
Street Name: Bath
Street Suffix: Street
State: CA
Country: US
Postal Code: 93101
Compass Map: Santa Barbara
Map Grid: O12
County: Santa Barbara
Parcel Nbr: 039-162-011
Cross Street: Victoria Street
Walk Score: 91
Bike Score: 96

Contract Info

Price: 4500000
Begin Date: 2024-01-18

Status Information

Sold Date: 2024-11-07
Under Contract Date: 2024-07-11

Property Information

Number of Units: 9
Stories: 2
Year Built: 1930
Main House SqFt: 3500
Other Structures SqFt: 2000
Apx # Acres: 0.42
Apx Lot SqFt: 18295
Recurring Fees: No

NeighborhoodSchools

Neighborhood: 15 or 20 - Downtown

Remarks

COVID Showing Remarks: Do not show if you or your client are feeling sick/unwell.
Hot Sheet Comment: price

More Information

Owner Info

Deposit: 3

Unit 1

# Units: 6
# Bedrooms: 7
# Baths: 6
Furnished: N
Rent: 14550
Monthly Total: 14550

Unit 2

# Units: 3
# Bedrooms: 4
# Baths: 3
Rent: 7100
Monthly Total: 7100

Parking Info

Total # Unconvered Spaces: 10

Property Features

Condition: Fair Foundation: Mixed Parking Info: Outside Proximity: Near Bus; Near Hospital; Near Ocean; Near Park(s); Near School(s); Near Shopping Laundry: Laundry Room Amenities: Deck; Gas Stove; Microwave; Washer; Dryer; Refrigerator; Insul Prt; Fncd Prt Security: Smoke Detector(s) Heating: Heat Other Pets: Yes Handicapped Access: Other Owner Provides: Water; Trash; Other Zoning: R-4; Other Reports Available: TDS; Prelim; NHD; Other Exchange: Yes Terms: Cash; OTHER/CLA Listing Type: ER Pub Listing Details: None Contingent Remarks: CONTACT AGENT; SUBJ 2 INSPECT

Documents

NHD Report ›

Preliminary Title Report ›

OFFERING MEMORANDUM ›

Listing Office: Compass

Last Updated: November - 08 - 2024

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