Address
1532 Castillo Street Santa Barbara, CA
Price
$ 2,350,000
Property Attributes
  • MLS#21737760
  • TypePending
  • CountySANTA BARBARA
  • CitySanta Barbara
  • AreaSanta Barbara
  • Zip93101
  • StyleColonial
  • Price$ 2,350,000
  • Bedrooms10
  • Full Bathrooms8
  • Half Bathrooms0
  • Sqr Footage3390
  • Lot Size7,841 SqFt
Listing Provided Courtesy Of:
Lucas Martinez with Compass.
Data Source:
California Regional MLS (CRMLS) - 25 - CA
Property Description

A beautifully renovated 1913 Colonial in the heart of Downtown Santa Barbara, 1532 Castillo is an incredibly stable turnkey investment in an A+ location. The fully leased triplex boasts market rents, a strong rental history, low maintenance costs and R-4 zoning. The main house has 5 beds & 3 baths, and has undergone a full renovation, including a new kitchen & bathrooms, all new electrical & plumbing and ductless heat & AC. The detached rear duplex has also undergone a full renovation, and features wood floors, updated kitchens, AC & in-unit laundry. Currently generating $132,000 in rental income annually, the property is being offered at a 4% cap rate. Perfect for an investor looking for an income-producing asset, or an owner/user who wants to live in the front home & rent out the back.

Price History
5/27/2021 Listed $2,350,000

General Features

Appliances Dishwasher, Disposal, Range, Refrigerator, Range Hood, Vented Exhaust Fan
Architectural Style Colonial
Carport Spaces 2
Carport Y/N Yes
Cooling Heat Pump
Flooring Wood
Heating Floor Furnace, Heat Pump
Listing Agent Lucas Martinez - BRE#02031424
Listing Agent State License 02031424
MLS Area VC81 - Santa Barbara
Property Type Residential Income
PropertyCondition Updated/Remodeled
Special Listing Conditions Standard
Status Pending
Total Units 3
Zoning R-4

Interior Features

Air Conditioning Y/N Yes
Fireplace Features Living Room
Fireplace Y/N Yes
Heating Y/N Yes
Laundry Features Laundry Room

Exterior Features

Lot Dimensions 50x156
Lot Size Acres 0.18
Lot Size Area 7841
Lot Size Square Feet 7841
Lot Size Units Square Feet
Number of Buildings 2
Parking Features Covered, Detached Carport, Driveway
Total Parking 2

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 93101

Price
AVG $13.37M
$2.35M
Visits
AVG 7
11
Year Built
AVG 1955
1913
Walkscore
AVG 82
85
Data Provided by Walkscore ® not using MLS data

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