$2,300,000
$2,900,000
20.7%For more information regarding the value of a property, please contact us for a free consultation.
8,712 Sqft Lot
SOLD DATE : 08/25/2025
Key Details
Sold Price $2,300,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 25-1369
Sold Date 08/25/25
Year Built 1971
Lot Size 8,712 Sqft
Acres 0.2
Lot Dimensions 8712.0
Source Santa Barbara Multiple Listing Service
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
Interior
Laundry Laundry Room
Exterior
Parking Features Uncovered, Street
Building
Lot Description Near Public Transit
Foundation Slab
Others
Tax ID 139-200-012
Acceptable Financing Cash, Ctnl
Listing Terms Cash, Ctnl
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