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$2,900,000

Est. payment - /mo

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8,712 Sqft Lot

Active

310 5th ST Solvang, CA 93463

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The Brandon Drew Group

financing@tbdgmortgage.com +1(909) 944-8800

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Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID PI25075919

HOA Y/N No

Year Built 1971

Lot Size 8,712 Sqft

Property Sub-Type Apartment

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

Area Vang - Solvang

Interior

Heating Wall Furnace

Cooling None

Flooring Carpet, Laminate

Fireplaces Type None

Fireplace No

Laundry Common Area

Exterior

Pool None

Community Features Sidewalks, Park

Utilities Available Electricity Connected, Natural Gas Connected, Water Connected

Total Parking Spaces 10

Private Pool No

Building

Lot Description Near Park, Near Public Transit

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 139200012

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

Listed by Steven Battaglia • Steven Battaglia, Broker • 8056806431

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