310 5th Street
Solvang, CA 93463
0.20 acres | #PI24182421
Description
Don’t miss this very rare opportunity to acquire 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% upside in rents, this property offers the prudent investor lots of upside opportunity.
Property Details
- CountySanta Barbara
- Property TypeMulti-Family
- Sewer InformationPublicSewer
- Original List Price$3,600,000
- MLS #PI24182421
- MLS #PI24182421
- Property SubtypeApartment
- Cost3600000
- Utility SourcePublic
- Lot DescriptionLevel
- Year Built1900
- Acres0.2
- Stories2
Location
Legal
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Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. 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
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Steven Battaglia (#PI1318215)
Listing Office: Steven Battaglia, Broker (#PI93441)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
