Great opportunity for investors! This quaint multi-family property is located minutes from Solvang’s downtown tourist district. This 2-story multi-family apartment building features mid-century modern flair, common area laundry room, and off-street parking. Unit mix includes (1) spacious 3-bedroom unit downstairs with back patio and yard, (1) large 2-bedroom unit with… Read More a fabulous covered patio overlooking the mountain range, (2) 1-bedroom units, and (1) studio*, offering a unit style for everyone. Updates within the last 5 years include new furnaces, new siding and paint, new dual pane windows, new roof and much more. New sewer mains and concrete driveway were installed in 2016. This is a “Walker’s Paradise” with a Walk Score of 90 due to its proximity to restaurants, shops, wine tastings, parks and more. Read Less
Listing Snapshot
Days Online
82
Last Updated
Property Type
Apartment
Lot Size
0.17 Acres
Year Built
1969
MLS Number
PI25075942
30 Days Snapshot Of 93463
$5.18M
+49%
(avg) sold price
1
0%
home sold
39
-37%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1969, Building area total: 4,104, 1 building, Architectural style: , Attached, Common walls: TwoCommonWallsOrMore
Community
Curbs, Sidewalks, Park
Cooling
None
Expenses
Operating expense: $47,576
Fireplaces
None
Garage
4 spaces
Heating
ForcedAir, NaturalGas, WallFurnace
Income
Gross income: $166,800, Net operating income: $114,220
Based on information from California Regional Multiple Listing Service, Inc. as of 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.
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