1115 Garden Street, Santa Barbara, CA 93101

$4,563,000

Property Type: Residential Income Bedrooms: 10 Baths: 10 Square Footage: 4,350 Lot Size (sq. ft.): 5,227 Status: Closed

Current Price: $4,563,000 List Date: 8/15/2021 Last Modified: 1/24/2022

Overview

Description

Brand new Apartment Building located in the heart of the charming and peaceful El Pueblo District. Short stroll to the historic Santa Barbara Courthouse and Sunken Garden and many other historic sites. Walk, bike or enjoy easy access to all in-town transportation including the Santa Barbara Trolley and Pedi-cabs for a quick ride to the beach, pier and zoo. Just 2 short blocks to some of downtown Santa Barbara's finest cafes, eateries, fine shops, galleries, museums, theaters and restaurant, Showing subject to accepted contract.

Listing Details MLS# 221004509

General Property Information

# Bedrooms: 10
Baths - Full: 10
Baths - Total: 10
Approx SqFt: 4350
Lot Acres: 0.12
Lot SqFt: 5227
Year Built: 2019
Common Walls: Yes

Property Features

Land Lease Type: Other Special Conditions: Real Estate Owned Terms: Cash to New Loan Possession: Close of Escrow View Type: Hills View Disclosures: Owner Has Real Estate License Levels: Multi Level Appliances: Dishwasher; Dryer; Garbage Disposal; Refrigerator; Washer; Water Softener-Owned Cooking Appliances: Built-In Gas; Cooktop - Gas; Microwave; Range Kitchen Features: Quartz Counters Flooring: Stained Concrete; Wood/Wood Like Cooling Type: Central A/C; Heat Pump(s) Heating Type: Heat Pumps Heating Fuel: Natural Gas TV Services: Cable TV Laundry Locations: Area in Unit Security Safety: Carbon Monoxide Detector(s); Fire & Smoke Det Sys; Fire Sprinklers Water Heater Feature: None Green Energy Efficient: Water Heater Parking Type: Community Garage; Garage Attached Landlord Pays For: Gardner Tenant Pays: Cable TV; Electricity; Gas; Water Unit 1 Furnished: Unfurnished Unit 2 Furnished: Unfurnished Unit 3 Furnished: Unfinished Financing: Cash to New Loan

Listing Location and Property Info

Entry Date: 2021-08-15
Listing Price: 4722000
Street #: 1115
Street Name: Garden
Suffix: Street
County: Santa Barbara
State/Province: CA
Zip Code: 93101
APN/Tax ID: 029162013
Area: VC81 - Santa Barbara
Subdivision/Tract Code: Santa Barbara: Other - 0080
Country: US

Listing Info

Total # of Units in Complex: 4

Property Info

Dwelling Total Floors: 3
# of Buildings: Yes
Pool: No
Spa: No
Fireplace: No
View: Yes

Status Change Info

Pending Date: 2022-01-10
Closed Date: 2022-01-20
Closed Price: 4563000
Sold Price/SqFt: 1048.97

More Information

Units Information

# Separate Electric Meters: 4
# Separate Gas Meters: 4
# Separate Water Meters: 4

Parking SpacesInformation

Total Covered Spaces: 4

HOA 1 Information

HOA: No

PropertyLand Information

Cap Rate %: 3.93
Net Operating Income: 186012

Unit 1 Information

Unit-1 # of Beds: 4
Unit-1 # of Baths: 4
Unit-1 Monthly Rent: 7950

Unit 2 Information

Unit-2 # of Beds: 2
Unit-2 # of Baths: 2
Unit-2 Monthly Rent: 3800

Unit 3 Information

Unit-3 # of Baths: 2
Unit-3 Monthly Rent: 3745

Unit 4 Information

Unit-4 # of Beds: 2
Unit-4 # of Baths: 2
Unit-4 Monthly Rent: 3250

Listing, Location and Property Info

Entry Date: 2021-08-15
List Price/SqFt: 1085.52
Zip + 4: 1434

Land Lease Type

Other: Yes

Special Conditions

Real Estate Owned: Yes

Terms

Cash to New Loan: Yes

Possession

Close of Escrow: Yes

Financing

Cash to New Loan: Yes

View Type

Hills View: Yes

Disclosures

Owner Has Real Estate License: Yes

Laundry Locations

Area in Unit: Yes

Levels

Multi Level: Yes

Appliances

Dishwasher: Yes
Dryer: Yes
Garbage Disposal: Yes
Refrigerator: Yes
Washer: Yes
Water Softener-Owned: Yes

Cooking Appliances

Built-In Gas: Yes
Cooktop - Gas: Yes
Microwave: Yes
Range: Yes

Kitchen Features

Quartz Counters: Yes

Security Safety

Carbon Monoxide Detector(s): Yes
Fire & Smoke Det Sys: Yes
Fire Sprinklers: Yes

Flooring

Stained Concrete: Yes
Wood/Wood Like: Yes

Property/Land Information

Actual Total Rent $: 224868
Adjusted Gross Income $: 224868
Annual Gross Rent $: 224868
Electricity $: 960
Gardener $: 1800
Gas $: 480
Gross Rent Multiplier $: 21
Insurance $: 2200
Monthly Gross Income: 18739
Operating Expenses $: 36856
Tax Rate Year: 2021
Total Taxes: 30000
Trash $: 720
Water Expense $: 2700

Cooling Type

Central A/C: Yes
Heat Pump(s): Yes

Heating Type

Heat Pumps: Yes

Heating Fuel

Natural Gas: Yes

TV Services

Cable TV: Yes

Water Heater Feature

None: Yes

Green Energy Efficient

Water Heater: Yes

Parking Spaces/Information

Total Garage Spaces: 4

Parking Type

Community Garage: Yes
Garage Attached: Yes

Landlord Pays For

Gardner: Yes

Tenant Pays

Cable TV: Yes
Electricity: Yes
Gas: Yes
Water: Yes

Unit 1 Furnished

Unfurnished: Yes

Unit 2 Furnished

Unfurnished: Yes

Unit 3 Furnished

Unfinished: Yes

Listing Office: Ryan Real Estate & Development

Listing Agent: Timothy Ryan
818-825-0006 | Timryan.re@gmail.com

Agent Email: Timryan.re@gmail.com

Last Updated: January - 24 - 2022

Based on information from the CSMAR Multiple Listing as of [date the AOR/MLS data was obtained]. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.