310 5th ST Street, Solvang, CA 93463 - MLS#24-2910

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$3,600,000

Est. payment - /mo

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Active

310 5th ST Street Solvang, CA 93463

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UPDATED:

09/04/2024 02:06 PM

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

MLS Listing ID 24-2910

Originating Board Santa Barbara Multiple Listing Service

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 percent upside in rents, this property offers the prudent investor lots of upside opportunity.

Location

State CA

County Santa Barbara

Interior

Laundry Laundry Room

Exterior

Parking Features Uncovered

Building

Foundation Slab

Others

Tax ID 139-200-012

Acceptable Financing Cash, Ctnl

Listing Terms Cash, Ctnl

Listed by Battaglia Commercial Real Esta

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Mason Frakes

Broker Associate | License ID: 02036823

+1(805) 260-4860

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