6.07% Cap rate on current income of $7,850/Month! Property has been renovated with new plumbing, new electrical, new electrical panel and most of the wood repaired/replaced, and several new windows were installed. Generous lot currently has two tenants (building/house $5,000/month and storage yard $2,850/month) with tenants paying all utilities. Value add upside with a set of drafted site plans/floor plans to add a 2-story, 2 bed/2 bath with attached garage/shop ADU. Short distance to East Beach, 101 Freeway access, downtown Santa Barbara, Funk Zone, waterfront and Santa Barbara Bowl!
Closed
$1,170,150
111 N Milpas St, Santa Barbara, CA 93103
4beds
2baths
1,800sqft
Multi Family
Built in ----
-- sqft lot
$1,375,900 Zestimate®
$650/sqft
$4,779 Estimated rent
Home value
$1,375,900
$1.25M - $1.54M
$4,779/mo
Zestimate® history
Owner options
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$4,779/mo
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$4,779/mo
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$7,223/mo
Est. payment
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$7,223/mo
Est. payment
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List your homeWhat's special
New windowsNew plumbingNew electrical panelNew electrical
Zillow last checked:
Listing updated:
Listed by:
Jonathan P Standring 01893163 805-453-5097,
Beachside Partners,
Lori Zahn 01914851 805-451-2712,
Beachside Partners
Bought with:
Erin S Chadwick, 01851177
Compass
Source: SBMLS,MLS#: 23-1805
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Features
- Has fireplace: No
Interior area
- Total interior livable area: 1,800 sqft
Property
Features
- Stories: 2
Lot
- Size: 7,250 sqft
Details
- Parcel number: 017083013
- Zoning: Other, C-2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Community & neighborhood
Location
- Region: Santa Barbara
- Subdivision: 15 - Lower Eastside
Other
Other facts
- Listing terms: Cash,Ctnl
Price history
| Date | Event | Price |
|---|---|---|
| 9/28/2023 | Sold | $1,170,150+1.8%$650/sqft |
Source:  SBMLS #23-1805 Report a problem | ||
| 6/27/2023 | Pending sale | $1,150,000$639/sqft |
Source: SBMLS #23-1805 Report a problem | ||
| 6/21/2023 | Listed for sale | $1,150,000$639/sqft |
Source: SBMLS #23-1805 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Milpas
Nearby schools
GreatSchools rating
- 6/10Washington Elementary SchoolGrades: K-6Distance: 2.9 mi
- 3/10Santa Barbara Junior High SchoolGrades: 7-8Distance: 0.6 mi
- 6/10Santa Barbara Senior High SchoolGrades: 9-12Distance: 0.9 mi
Schools provided by the listing agent
- Elementary: Cleveland
- Middle: S.B. Jr.
- High: S.B. Sr.
Source: SBMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$1,375,900
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$1,403,418
- California
- Santa Barbara County
- Santa Barbara
- 93103
- Milpas
- 111 N Milpas St
Nearby cities
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