163 N La Cumbre Road

  • Santa Barbara

  • $3,075,000
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Residential Income Details

Description
Wonderful 10-unit asset located in the Hope Neighborhood. This is the first time this property has been on the market in 25 years! Nestled in a prime location near Samsun Clinic, Wells Fargo, Montecito Bank & Trust, Bank of the West, the world-famous Chuck's of Hawaii, Lure Fish House, Islands, Five Points Shopping Center, Whole Foods, Starbucks, La Cumbre Plaza, and Target- scheduled to open this fall. Nearby schools include Little Angels Preschool, Hope Elementary, Monte Vista Elementary and La Colina Jr. High School. The property offers a unit mix of (9) 1BD/1BA apartments and (1) 2BD/1BA house, plus carport parking and a common laundry room for tenants. The house features a large fenced yard and the separate one-bedroom unit offers a private entry and personal outdoor space. Lower units feature private and fenced outdoor patios. Easy access to the 101 Fwy. & Hwy. 154. Rents are under-market, providing exceptional rental upside to a new owner.
Essential
MLS #18361666
Price$3,075,000
Number of Units10
Sale TypeStandard
StatusActive
Listing BrokerageRadius Group Commercial Real E
Listing AgentSteve Golis
Listing Agent BRE #00772218
Interior
FeaturesBalcony
Exterior
ParkingCarport Attached
ViewMountain
Community
AreaVC81 - Santa Barbara
Address163 N La Cumbre Road
CitySanta Barbara
CountySanta Barbara
StateCA
ZipCode93110
School

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Based on information from California Regional Multiple Listing Service, Inc. as of Monday, July 9, 2018. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.