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  • Price$5,000,000
  • SQ. Feet16,988
  • Acres0.39
  • Built1928

221 W Micheltorena St, SANTA BARBARA

Incredible opportunity to acquire a significant 10 unit showpiece asset in Downtown Santa Barbara. Close proximity to all Santa Barbara has to offer including State Street, Funk Zone, and Beaches. Every unit has the quintessential look and feel of early 1920's Santa Barbara construction. Original wood flooring refinished in rich walnut span the living area in all units. Every unit has a full size bathtub in the bathroom. 8 of the 10 units have a wood burning fireplace. Gorgeous, clean & renovated units along with ample off- street parking and a warm community feeling. This property has historically low turnover and stable market rents. Currently 16 total tenants on the property, all with 1-year leases extending into mid 2019.

Essential Information

  • MLS® #19-237
  • Price$5,000,000
  • Bathrooms0.00
  • Square Footage16,988
  • Acres0.39
  • Year Built1928
  • TypeResidential Income
  • StatusActive

Amenities

  • AmenitiesCable TV, Fireplace, Gas Stove, Refrigerator
  • Parking Spaces16
  • ParkingUncovered

Exterior

  • FoundationRaised

Additional Information

  • ZoningR-4

Community Information

  • Address221 W Micheltorena St
  • Area20 - SB/WEST OF STATE
  • Subdivision15 or 20 - Downtown
  • CitySANTA BARBARA
  • CountySanta Barbara
  • StateCalifornia
  • Zip Code93101

Interior

  • HeatingElec, Wall, Baseboard
  • FireplaceYes

School Information

  • ElementaryPeabody
  • MiddleS.B. Jr.
  • HighS.B. Sr.

Listing Details

  • Listing OfficeAlpha Investment Management
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Listing information last updated on June 15th, 2019 at 9:15pm PDT.