$3,600,000 $19,326 forsale estimated payment Sourced by Back At You
310 5th Street , Solvang, CA 93463
Solvang, CA 93463
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.
Details
| Mls | PI24182421 |
|---|---|
| Listing Type | For Sale |
| Style | Attachd |
| Subtype | Resale |
| Status | Active |
| Year | 1900 |
| Days On Site | 100 |
| Listing Provided By | Steven Battaglia, Broker 805-688-5333 | Steven Battaglia |
Features
| Sq Feet | 4,500 |
|---|---|
| Storys | 2 |
| Units | 10 |
| Buildings | 1 |
| Acreage | 0.20 |
Market Activity 93463
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Learn More About This Property
| State | CA |
|---|---|
| County | Santa Barbara |
| City | Solvang |
| Zip Code | 93463 |
| Area | VANG Solvang |
| Listing VS Median (in 93463) | |
Price: $3,600,000 low | high Med: $2,245,000 SqFt: 4,500 low | high Med: 2,498 $ / SqFt: $800 low | high Med: $902 On Site: 100 low | high Med: 132.500000 | |
Listing Updated: December 8, 2024 at 8:38:04 AM PST
