$625,000
$674,000
7.3%For more information regarding the value of a property, please contact us for a free consultation.
0.25 Acres Lot
SOLD DATE : 04/08/2020
Key Details
Sold Price $625,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision Sm Southwest(940)
MLS Listing ID PI19084201
Sold Date 04/08/20
HOA Y/N No
Year Built 1940
Lot Size 10,890 Sqft
Lot Dimensions Public Records
Property Description
Here is a great flipper or investor opportunity! This R-3 property is on a 10,890sf corner lot with a total of 4 units: 3 - 1bd/1ba units under one roof at W. Church/S. Smith; all are occupied with rents ranging from $975-1,295. There is also a small, detached house (516 W. Church) that is not currently occupied and in need of upgrading. City guidelines for R-3 zoning suggest 5 units total on this lot, however, buyer should confirm with SM City Planning for full build-out potential. Recent pest reports are attached as document files. Viewing is Drive-by Only until offer accepted. Please do not disturb tenants. No sign on property. Sellers are Trustees of family Trust and offers must allow seven days for attorney to review and approve. Seller will not provide any repairs or work done, and are selling "AS-IS". Attached photos showing interior, are of house at 516 W. Church.
Location
State CA
County Santa Barbara
Area Smsw - Sm Southwest
Zoning R3
Interior
Fireplace No
Laundry Inside
Exterior
Fence Partial
Pool None
Community Features Curbs, Gutter(s), Street Lights, Sidewalks
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Roof Type Composition
Private Pool No
Building
Lot Description Back Yard, Corner Lot, Lawn, Level, Rectangular Lot
Foundation Raised, Slab
Sewer Public Sewer
Water Public
Architectural Style Bungalow, Ranch
New Construction No
Others
Senior Community No
Tax ID 123035001
Acceptable Financing Cash, Conventional, Subject To Other
Listing Terms Cash, Conventional, Subject To Other
Financing Conventional
Special Listing Condition Third Party Approval
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Bought with Janet McKibben • McKibben Enterprises
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "