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Listed by Steven Battaglia • Steven Battaglia, Broker
$ 2,900,000
Est. payment | /mo
4,500 SqFt
$ 2,900,000
Est. payment | /mo
4,500 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 4,500 sqft
Price per Sqft $644
MLS Listing ID CRPI25075919
HOA Y/N No
Year Built 1971
Lot Size 8,712 Sqft
Property Sub-Type Other
Source Datashare California Regional
Property Description
This is a well-maintained 10-unit apartment building located in the heart of the desirable City of Solvang. All the units are 1 bed and 1 bath with separate electric and gas meters, and the residents enjoy a private laundry room and off-street parking in the rear of the building. Upgrades within the last 5 years include laminate flooring in many of the units, new water heater, new dual pane windows and a complete replacement of the asphalt driveway and parking lot. The units are close to all that downtown Solvang has to offer, including restaurants, galleries, shops, and more. With over 40 percent upside in rents, this property offers the prudent investor lots of upside opportunity.
Location
State CA
County Santa Barbara
Interior
Heating Wall Furnace
Cooling None
Flooring Laminate, Carpet
Fireplace No
Laundry Other
Building
Lot Description Other
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