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1532 Castillo St

Santa Barbara, CA 93101
  • $2,350,000
  • STATUS: Active
  • ON SITE: 25 days
  • MLS #: 21-737760
UPDATED: 18 min ago
$2,350,000
  • 7
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,390
    SQFT
  • $693
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1913
County:

School Ratings & Info

School District:

Description

A beautifully renovated 1913 Colonial in the heart of Downtown Santa Barbara, 1532 Castillo is an incredibly stable turnkey investment in an A+ location. The fully leased triplex boasts market rents, a strong rental history, low maintenance costs and R-4 zoning. The main house has 5 beds & 3 baths, and has undergone a full renovation, including a new kitchen & bathrooms, all new electrical & plumbing and ductless heat & AC. The detached rear duplex has also undergone a full renovation, and features wood floors, updated kitchens, AC & in-unit laundry. Currently generating $132,000 in rental income annually, the property is being offered at a 4% cap rate. Perfect for an investor looking for an income-producing asset, or an owner/user who wants to live in the front home & rent out the back.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-22T12:42:54.713. 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.
www.searchdesertrealestate.com/homes/117656543
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1532 Castillo St Santa Barbara, CA 93101

  • Price: $2,350,000
  • Status: Active
  • Updated: 18 min ago
  • MLS #: 21-737760
7
Beds
0
Baths
0
½ Baths
0.18
Acres
3,390
SQFT
$693
$/SQFT
1913
Built
Neighborhood:
Santa Barbara
County:
Santa Barbara
Area:
Santa Barbara
School District:
Other
Property Description
A beautifully renovated 1913 Colonial in the heart of Downtown Santa Barbara, 1532 Castillo is an incredibly stable turnkey investment in an A+ location. The fully leased triplex boasts market rents, a strong rental history, low maintenance costs and R-4 zoning. The main house has 5 beds & 3 baths, and has undergone a full renovation, including a new kitchen & bathrooms, all new electrical & plumbing and ductless heat & AC. The detached rear duplex has also undergone a full renovation, and features wood floors, updated kitchens, AC & in-unit laundry. Currently generating $132,000 in rental income annually, the property is being offered at a 4% cap rate. Perfect for an investor looking for an income-producing asset, or an owner/user who wants to live in the front home & rent out the back.
Exterior Features

Carport Spaces Total 2 Covered Parking 2 Lot Size Area 7841 Other Structures Other Parking Garage Carport DetachedCovered ParkingDriveway Style Colonial Total Parking 5

Interior Features

Baths Total 5.00 Common Walls Detached/No Common Walls Cooking Appliances RangeRange Hood Cooling Air ConditioningHeat Pump(S)Wall Unit(S) Equipment DishwasherDryerGarbage DisposalRange/OvenWasherVented Exhaust FanRefrigerator Fireplace Rooms Living Room Flooring Hardwood Heating Heat PumpFloor Furnace Laundry In UnitRoom Laundry Equipment Own Water Heater Features GasHot Water Circulator

Property Features

Assessed Total Value 2054790 Gross Income 132000 Gross Operating Income 132000 Land Lease Type Fee Like Units1 1 Like Units2 2 Like Units3 3 Net Operating Income 95549.93 Number Of Buildings 2 Number Of Units 3 Owner Pays WaterGardenerElectricity Property Condition Updated/Remodeled Sale Type Standard Source Living Area Plans Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Tenant Pays GasElectricityCable Tv Total Annual Expense 36450.07 Type Of Units Triplex Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning R-4

Listing provided courtesy of Lucas Martinez DRE#02031424 of Compass.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-22T12:42:54.713. 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.
 
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