This Multifamily Property is no longer advertised on LoopNet.com.
55 Ocean View Ave
11-Unit Multifamily Asset · Multifamily Property For Sale
·
11 Units
INVESTMENT HIGHLIGHTS
11-Unit Multifamily Asset | Offered at $6,500,000 | 4.08% CAP Rate
Lower Riviera Location | Very Close To Montecito Country Club
Extensively Renovated & Just Minutes From Montecito
View 3-D Tour of Property Here: https://www.zillow.com/view-3d-home/00bed1da-daee-419a-94f8-da774c42210e/?utm_source=captureapp
Unit Mix: (9) 2BD/1.5BA; (2) 1BD/1BA
Land Size: Approx. 16,522 SF
PROPERTY FACTS
No. Units
11
Property Type
Multifamily
Property Subtype
Apartment
Apartment Style
Low-Rise
Building Class
C
Lot Size
0.38 AC
Building Size
9,722 SF
Average Occupancy
100%
No. Stories
2
Year Built
1964
Parking Ratio
2.05/1,000 SF
Zoning
R-2 - Multi-family
UNIT MIX INFORMATION
DESCRIPTION
NO. UNITS
AVG. RENT/MO
SF
1+1
2
-
-
2+2
9
-
-
PROPERTY TAXES
Parcel Number
015-271-029
Improvements Assessment
$4,386,000
Land Assessment
$2,652,000
Total Assessment
$7,038,000
