$2,300,000
$2,900,000
20.7%For more information regarding the value of a property, please contact us for a free consultation.
1 Bed
SOLD DATE : 08/25/2025
Key Details
Sold Price $2,300,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PI25075919
Sold Date 08/25/25
Bedrooms 1
Property Sub-Type Res Income 2-4 Units
Property Description
This is 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
Zoning Other
Direction From Highway 246 (Mission Dr) turn south on 5th St. Property is 2 blocks down on your left.
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Tax ID 139200012
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Bought with Steven Battaglia Steven Battaglia, Broker
