1315 Bath Street, SANTA BARBARA, CA 93101 (MLS# 18-3671)

1315 Bath Street, SANTA BARBARA, CA 93101

$4,650,000

Many units have newer floors and windows

Property Type: Res Inc Square Footage: 9,050 Status: Closed

Current Price: $4,650,000 List Date: 10/09/2018 Last Modified: 9/15/2024

Overview

Description

Now for sale for the 1st time in over 40 years, the 12 units at 1315 Bath are one of the very best located apartment buildings of this size you will find in Santa Barbara. Just 2 blocks to the Arts & Theater District, the close-in downtown location provides an investor extraordinary tenant demand due to many tenant-rich employment centers nearby (restaurants, theaters, law offices, government offices), and the attractive vibrant lifestyle at a tenant's doorstep. The building has been professionally maintained by the same family for decades - ready to continue as a safe diversification for a portfolio, or take advantage of the A+ location to transform the property a little or a lot, and realize more upside return (see Documents). With a fantastic unit mix too, this is a rare opportunity!

Listing Details MLS# 18-3671

Location Info

District: 20 - SB/WEST OF STATE
Street #: 1315
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: 039-112-011
Cross Street: Victoria

Contract Info

Price: 4950000
Financing: Cash
Buyers Agent $/%: 2.5
Begin Date: 2018-10-09

Status Information

Sold Date: 2018-11-06
Under Contract Date: 2018-10-13

Property Information

Number of Units: 12
Year Built: 1966
Main House SqFt: 9050
Recurring Fees: No

NeighborhoodSchools

Neighborhood: 15 or 20 - Downtown

Remarks

Hot Sheet Comment: new

More Information

Owner Info

Deposit: 3

Miscellaneous

Parking Spaces: 19

Unit 1

# Units: 8
# Bedrooms: Yes
# Baths: Yes
Furnished: N
Rent: 1718
Monthly Total: 13745

Unit 2

# Units: 2
# Bedrooms: 2
# Baths: 2
Furnished: N
Rent: 2375
Monthly Total: 4750

Unit 3

# Units: 2
# Bedrooms: 2.8
# Baths: 2
Furnished: N
Rent: 2600
Monthly Total: 5200

Meters

Sep Meter Wtr: N
Sep Meter Elec: Y

Parking Info

Total # Carport Spaces: 7
Total # Garage Spaces: 2
Total # Unconvered Spaces: 10

Property Features

Condition: Excellent; Good Parking Info: Gar #2; Cpt #7; Outside Proximity: Near Bus; Near Park(s); Near Shopping Laundry: Laundry Room Heating: Elec; Radia Owner Provides: Water; Trash Zoning: Other Reports Available: Home Inspection; Pest Inspection; Roof Exchange: Yes Terms: Cash; Conventional Listing Type: ER Contingent Remarks: REPORTS

Documents

Unbranded Offering Memorandum ›

Listing Office: Berkshire Hathaway HomeServices California Properties

Last Updated: September - 15 - 2024

The data relating to real estate for sale on this web site comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. Real estate listings held by brokerage firms other than the displaying broker(s) are marked with the 'MLS' logo and detailed information about them includes the name of the listing brokers. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor displaying broker shall be responsible for any typographical errors, misinformation, or misprints. 2015 Santa Barbara Multiple Listing Service. All rights reserved.