$ 3,600,000
310 5th ST Solvang, CA 93463
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$ 3,600,000
Est. payment | /mo
8,712 Sqft Lot
$ 3,600,000
Est. payment | /mo
8,712 Sqft Lot
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID PI24182421
HOA Y/N No
Year Built 1900
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 Vang - Solvang
Interior
Fireplace No
Appliance Dryer, Washer
Exterior
Pool None
Community Features Park
Total Parking Spaces 10
Private Pool No
Building
Lot Description Level
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 139200012
Energy Description 1230.0
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
Listed by Steven Battaglia • Steven Battaglia, Broker • 8056806431
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Kelly McLaughlin
REALTOR® | Lic# 01475708