3 Buildings on 1 Lot at 285, 299A, & 299 Sherwood Dr, Santa Barbara, CA
Property Description
Great location in the hills above upper State St. This triplex is a hidden gem, accessed down a private driveway on 1.4 acres, providing some grand views from each unit. The first building is the largest and includes a spacious 4Bed/2Bath home with vaulted ceilings in the living room, and it resides over (2) single car and (2) double car garages. The second building (middle) is configured as a 2 room/1bath unit built over (1) double car garage. The final building is a 2Bed/2Bath mobile home with view and rolling hills below it. This is must see property.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Multifamily type: | 2-4 Units |
| Price: | $1,999,000 |
| No. of Units: | 3 |
| GRM /GIM: | 14.15 |
| Average Occupancy: | 100 |
| Year Built: | 1999 |
| Building Size: | 3,489 Sq ft |
| Lot Size: | 1.40 Sq ft |
| No. of Stories: | 2 |
| APN: | 059-221-017 |
| Zoning Code: | 10-R-1 |
| Opportunity Zone: | No |
| Price per unit: | $666,333 |
| Property Website | Click Here |
Unit mix
| Description | No. of Units | Sq ft. | Avg. Monthly Rent |
|---|---|---|---|
| 4/2 | 1 | 1680 | 4000 |
| 2/1 | 1 | 824 | 3000 |
FINANCIAL DETAILS
| Income/expense info: | Pro Forma |
|---|---|
| Gross income: | 141301 |
| Operating expenses: | 54646 |
| Net operating income: | 82415 |
Similar Properties in the Area
3791 Marlborough Avenue
San Diego , California
Crestline Drive Apartments
Lemon Grove , CaliforniaApartment News
View All-
Kidder Mathews Elevates Luchs to Managing Director
California | December 8, 2023
-
Marcus & Millichap Closes Multifamily Sale in Hillcrest
California | December 8, 2023
-
San Francisco Acquires Luxury Apartments as Supportive Housing
California | December 8, 2023
Investing Classroom
View All
Brokers
View All-
Carson Mitchell
Clements and Bush Trading | Texas
-
"T." Furlow
-
G B
-
Eddie Jones
Marketing Alliances Group
Lenders
View All-
Felix Gutnikov
California
-
Gary Bechtel
North Carolina
-
Brad Ross
California
-
Ken Gaitan
Idaho
