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    1826 Loma Street

    Santa Barbara, CA 93103
    • $2,995,000
    • STATUS: Active
    • ON SITE: 49 days
    • ID#: V1-7614
    UPDATED: 88 min ago
    $2,995,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1920
    County:

    School Ratings & Info

    Description

    Incredible opportunity to own 5 units on Santa Barbara's highly coveted Riviera. The property consist of a 4BD/2BA home along with (4) updated 1BD/1BA units at the rear of property. The front home and 2nd story units offer dazzling ocean and city views. While this property checks all of the boxes for a pure investment, it also offers the space for owners to live comfortably in the house while collecting rental income from the 4 units in the back building. The house was tastefully remodeled in 2016 with an all new open floor-plan, new electrical, new plumbing, new bathrooms and new flooring throughout. The property also boasts brand new landscaping and as of October 2021, monthly rent total will be $13,910/Month with tenants paying utilities.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-24T00:28:30.09. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Mark Nazzal Real Estate Group | Keller Williams Realty - Redlands Market Center. Licensed in the State of California, USA.
    www.marknazzalrealty.com/homes/120124468
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    1826 Loma Street Santa Barbara, CA 93103

    • Price: $2,995,000
    • Status: Active
    • Updated: 88 min ago
    • ID#: V1-7614
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    1920
    Built
    Neighborhood:
    Santa Barbara: Other
    County:
    Santa Barbara
    Area:
    VC81 - Santa Barbara
    Property Description
    Incredible opportunity to own 5 units on Santa Barbara's highly coveted Riviera. The property consist of a 4BD/2BA home along with (4) updated 1BD/1BA units at the rear of property. The front home and 2nd story units offer dazzling ocean and city views. While this property checks all of the boxes for a pure investment, it also offers the space for owners to live comfortably in the house while collecting rental income from the 4 units in the back building. The house was tastefully remodeled in 2016 with an all new open floor-plan, new electrical, new plumbing, new bathrooms and new flooring throughout. The property also boasts brand new landscaping and as of October 2021, monthly rent total will be $13,910/Month with tenants paying utilities.
    Exterior Features

    Foundation Details Combination Lot Features Drip Irrigation/Bubblers Number Of Separate Electric Meters 5 Parking Features On Street Parking Total 0 Pool Features None Pool Private YN No Property Attached YN No Spa Features None Spa YN No View City LightsOcean View YN Yes

    Interior Features

    Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Flooring LaminateTileWood

    Property Features

    Additional Parcels YN No Community Features BikingHikingPark Garage YN No Gross Income 153000 Gross Scheduled Income 188160 Insurance Expense 4000 Land Lease YN No Laundry Features InsideLaundry Room Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventional Net Operating Income 129848 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 2 Number Of Units Leased 5 Operating Expense 58312 Property Condition Updated/Remodeled Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Total Actual Rent 12700 Trash Expense 5363 Water Sewer Expense 5363

    Listing provided courtesy of Jonathan Standring of Beachside Partners


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-24T00:28:30.09. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Mark Nazzal Real Estate Group | Keller Williams Realty - Redlands Market Center. Licensed in the State of California, USA.
     
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    Mark Nazzal Real Estate Group | Keller Williams Realty - Redlands Market Center
    1473 Ford St., Suite 200
    Redlands CA, 92373