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1107 E Cota St 3 Unit Apartment Building Offered at $3,340,000 Santa Barbara, CA 93103
EXECUTIVE SUMMARY
Nestled at the base of Santa Barbara’s famed Lower Riviera lies this exceptional investment opportunity consisting of three freestanding homes located just minutes to Downtown Santa Barbara, Santa Barbara’s County Bowl, the Funk Zone, a wide arrange of shopping, and Santa Barbara’s white sand beaches. Constructed in 1999, each home is a 3BD/2BA with an attached two-car garage ranging in size from 1,300 to 1,600 SF. Each home features its own laundry room, an exclusive outdoor living space, and is separately metered for all utilities. Originally designed and built to be condominiums, this offering represents a truly unique opportunity for a wide array of buyers, including owner-occupants, apartment investors, 1031 exchange buyers, employee housing buyers, and/ or value-add buyers interested in adding one accessory dwelling unit or converting the homes into individual condos.
Price: $3,340,000
Unit Mix: 3 x 3BD/2BA homes
Rentable SF: 4,394 SF (approx.)
Land Size: 10,890 SF (approx.)
APN: 031-190-032
Year Built: 1999
Zoning: R-2
Laundry: In-unit
Parking: 3 x 2-car garages plus 1 on-site
Cap Rate: 3.48% (current)
3.71% (AB 1482)
4.08% (market)
To Show: CLA
Price: $3,340,000
Unit Mix: 3 x 3BD/2BA homes
Rentable SF: 4,394 SF (approx.)
Land Size: 10,890 SF (approx.)
APN: 031-190-032
Year Built: 1999
Zoning: R-2
Laundry: In-unit
Parking: 3 x 2-car garages plus 1 on-site
Cap Rate: 3.48% (current)
3.71% (AB 1482)
4.08% (market)
To Show: CLA
PROPERTY FACTS
| Price | $3,340,000 | Lot Size | 0.25 AC |
| Price Per Unit | $1,113,333 | Building Size | 4,394 SF |
| Sale Type | Investment | No. Stories | 2 |
| No. Units | 3 | Year Built | 1999 |
| Property Type | Multifamily | Parking Ratio | 1.59/1,000 SF |
| Zoning | R2 - multi-family | ||
| Price | $3,340,000 |
| Price Per Unit | $1,113,333 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Lot Size | 0.25 AC |
| Building Size | 4,394 SF |
| No. Stories | 2 |
| Year Built | 1999 |
| Parking Ratio | 1.59/1,000 SF |
| Zoning | R2 - multi-family |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 3 | - | - |
1 1
Walk Score®
Very Walkable (87)
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1107 E Cota St
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