1575 Oak St Solvang CA

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Address: 1575 Oak St, Solvang, CA 93463, USA

California & West + Apartment Buildings

Created date: September 3, 2024

Date last updated: September 11, 2024

Great opportunity for investors in a well maintained apartment building near quaint Danish town of Solvang.
A “Walker’s Paradise” with a Walk Score of 90.
Updates within the last 5 years.

Property Description

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 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.

Available

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Due Digilence Documents

Broker Details

Steven Battaglia

Battaglia Commercial Real Estate 805.688.5333

Key Property Information

Listing Status:	Available
Property Types:	Apartment Buildings
Price:	$1,725,000
No. of Units:	5
Cap Rate:	6.13%
GRM /GIM:	10.85
Year Built:	1967
Building Size:	4,104 Sq ft
Lot Size:	7,405.00 Sq ft
No. of Stories:	2
APN:	139-174-025
Zoning Code:	DR-20
Opportunity Zone:	No
Price per unit:	$345,000
Parking Spaces:	5
Property Website	Click Here