1323 De La Vina Street, SANTA BARBARA, CA 93101 (MLS# 23-484)

1323 De La Vina Street, SANTA BARBARA, CA 93101

$5,200,000

"Victoria" suite overlooking rear garden

"Nichole" suite overlooking rear gardens

Jacaranda tree in bloom in front gardens

Currently operated as the De La Vina Inn

Property Type: Res Bedrooms: 8 Baths: 8.5 Square Footage: 3,815 Lot Size (sq. ft.): 13,068 Status: Closed

Current Price: $5,200,000 List Date: 2/23/2023 Last Modified: 9/14/2024

Overview

Description

Charming classic boutique inn in the heart of downtown Santa Barbara! Features 8 beds, 8.5 baths incl. two private suites with separate entrances, a penthouse, 7 fireplaces, and an abundance of history preserved in its original wood flooring, windows and other decor. Could also be used as a combination of profitable business plus residence - rent some of the rooms while you live in part of it. The flexible C-G zoning and ideal size/layout allow for multiple revenue streams - the fantastic garden space for events and weddings are popular, along with easy-to-manage whole-property buyouts. All future booking income, guest lists, licenses and designer furnishings included. Operating at a 7% cap rate, with upside using new wine/beer/catering license. See Offering Memorandum under Documents.

Listing Details MLS# 23-484

Location Info

District: 20 - SB/WEST OF STATE
Street #: 1323
Street Name: De La Vina
Street Suffix: Street
State: CA
Country: US
Postal Code: 93101
Compass Map: Santa Barbara
Map Grid: O12
County: Santa Barbara
Parcel Nbr: 039-121-009
Cross Street: Sola
Walk Score: 94

Contract Info

Price: 5880000
Buyers Agent $/%: 2.5
Affordable Housing: No
Begin Date: 2023-02-23

Status Information

Financing: CTNL
Sold Date: 2023-07-11
Under Contract Date: 2023-04-28

Property Information

TYP: Home/Estate
Total Bedrooms: 8
Total Bathrooms: 8.5
Total Full Baths: 8
Total Half Baths: Yes
Year Built: 1898
Total SqFt.: 3815
Source: Measured
Apx # Acres: 0.3
Apx Lot SqFt: 13068
ADU: No
Within City Limits Y/N: No
Total # Units in Development: Yes
Recurring Fees: No

NeighborhoodSchools

Neighborhood: 15 or 20 - Downtown

Remarks

COVID Showing Remarks: Do not go inside if symptomatic, follow local health guidelines.
Directions: On De La Vina Street between Victoria and Sola.
Hot Sheet Comment: new

More Information

Owner Info

Deposit: 3

Property Features

Condition: Excellent Style: Victorian Construction: Tri-Level Roof: Composition Foundation: Raised Exterior: Wood Siding; Wood Shingles Fencing: Fenced: BCK View: Mountain(s); Setting Proximity: Near Bus; Near Park(s); Near Restaurants; Near Shopping Dining: Formal Appliances Included: Dishwasher; Dryer; Gas Range; Refrigerator; Washer Fireplace(s): 2+; Dining Room; LR; Other; Primary Bedroom Cooling: Window Unit(s) Heating: Forced Air Zoning: C-2 Reports Available: Home Inspection; Pest Inspection Terms: Cash; Conventional Contingent Remarks: HOME INSPECTN; OTHER

Documents

Offering Memorandum ›

Floorplan ›

Vicinity Map ›

Listing Office: Berkshire Hathaway HomeServices California Properties

Last Updated: September - 14 - 2024

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