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618 Olive St
Santa Barbara, CA 93101
618 Olive Street Santa Barbara, Ca · Multifamily Property For Sale
·
5 Units
Investment Highlights
- $25,650/Month on Current Rents
- 3 of 6 Units constructed in 2023-2024
- 5.47% Cap Rate & 12.1 GRM on current income in Santa Barbara
- Ideal unit size and layouts in downtown location
Property Facts
| No. Units | 5 | Lot Size | 0.22 AC |
| Property Type | Multifamily | Building Size | 8,264 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Garden | No. Stories | 2 |
| Building Class | C | Year Built | 2024 |
| Zoning | C-M - Commercial and Light Industrial | ||
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 8,264 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2024 |
| Zoning | C-M - Commercial and Light Industrial |
Amenities
Unit Amenities
- Air Conditioning
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 4 | - | - |
| 3+2 | 1 | - | - |
Property Taxes
| Parcel Number | 031-171-009 | Improvements Assessment | $1,273,267 |
| Land Assessment | $1,228,108 | Total Assessment | $2,501,375 |
Property Taxes
Parcel Number
031-171-009
Land Assessment
$1,228,108
Improvements Assessment
$1,273,267
Total Assessment
$2,501,375
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