781 EMBARCADERO DEL NORTE, ISLA VISTA, CA 93117 (MLS# 12-470)

781 EMBARCADERO DEL NORTE, ISLA VISTA, CA 93117

$4,000,000

Property Type: Res Inc Lot Size (sq. ft.): 21,344 Status: Closed

Current Price: $4,000,000 List Date: 2/08/2012 Last Modified: 9/15/2024

Overview

Description

Rare opportunity to acquire a 24 unit 2 story apartment building in the heart of Isla Vista. First time on the market in over 30+ years! All units are 1 bedroom/1 bath with private balconies or patios, convenient on-site parking and a common laundry room. The property is fully leased at below market rents allowing major upside.

Listing Details MLS# 12-470

Location Info

District: 30 - SB/GOL SOUTH
Street #: 781
Street Name: EMBARCADERO DEL NORTE
State: CA
Country: US
Postal Code: 93117
Compass Map: Santa Barbara
Map Grid: F12
County: Santa Barbara
Parcel Nbr: 075-036-002
Cross Street: El Greco Rd

Contract Info

Price: 4100000
Buyers Agent $/%: 3
Begin Date: 2012-02-08

Status Information

Sold Date: 2012-04-27
Under Contract Date: 2012-03-02

Property Information

Number of Units: 24
Year Built: 1963
Apx # Acres: 0.49
Apx Lot SqFt: 21344

Assessor's Data

Assessor Lot Acres: 0.49

NeighborhoodSchools

Neighborhood: Other

More Information

Remarks

Hot Sheet Comment: new

Owner Info

Deposit: 3

Miscellaneous

Parking Spaces: 24

Unit 1

# Units: 24
# Bedrooms: Yes
# Baths: Yes
Furnished: N
Rent: 24530
Monthly Total: 24530

Meters

Sep Meter Elec: Y
Sep Meter Gas: Yes

Property Features

Proximity: Near Bus; Near Hospital; Near Ocean; Near Park(s); Near School(s); Near Shopping Laundry: Laundry Room Amenities: Washer; Dryer Zoning: Other Reports Available: Pest Inspection Terms: Cash; OTHER/CLA Listing Type: ER

Listing Office: Radius Group Commercial R.E.

Last Updated: September - 15 - 2024

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