205 E. Carrillo, Suite 100
Santa Barbara, CA 93101
805.965.5500


55 OCEAN VIEW AVE., Santa Barbara, CA 93103

For Sale, 11 Units, Multi-Family

55 OCEAN VIEW AVE., Santa Barbara, CA 93103
Offering Type:
Sale
Property Type:
Multi-Family
Size (# Units):
11 Units
Price:
$4,275,000
Price/Unit:
$388,636.36
Parking:
Zoning:
APN:
015-271-029

Rare opportunity to acquire an asset of this size on the Lower Riviera. Located next to the Montecito Country Club, 55 Ocean View Ave. has a unit mix of (2) 1BD/1BA & (9) 2BD/1.5BA townhouse-style units. Many of the apartments have been upgraded with new laminate flooring, granite counters, fixtures, appliances and paint. All 2-bedroom units have outdoor patios off the dining area and a balcony off of one of the bedrooms upstairs. The two, one-bedroom units sit on top of the carport located at the back of the property. A common laundry area and off-street carport parking. The building's exterior has undergone extensive woodwork, including fascia replacement, all new energy-efficient LED exterior lighting, paint and drought-tolerant landscaping. This property is ideal for potential tenants due to its central location between Montecito and downtown Santa Barbara. Buyer to assume existing loan with the unique potential for pre-approved additional funds upon meeting certain lender conditions. If loan is not assumed buyer to pay prepay penalty. An adjacent property also available for sale is 47 Ocean View Ave., 15 units.

Contact:

Steve Golis
Email
805.879.9606