7
See all 7 photos
$3,600,000
Est. payment /mo
10 BD
10 BA
4,500 SqFt
Active
310 5th Street Solvang, CA 93463
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UPDATED:
09/03/2024 08:35 PM
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,500 sqft
Price per Sqft $800
MLS Listing ID 24001729
Bedrooms 10
Full Baths 10
Lot Size 8,712 Sqft
Property 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.
Location
State CA
County Santa Barbara
Area 38 - Santa Ynez Valley
Interior
Heating Wall Furnace
Cooling None
Exterior
Roof Type Other
Building
Foundation Slab
Others
Acceptable Financing Cash, New Loan
Listing Terms Cash, New Loan
Listed by Steven R Battaglia • Battaglia Commercial RE
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