$2,300,000
$2,900,000
20.7%For more information regarding the value of a property, please contact us for a free consultation.
4,500 SqFt
SOLD DATE : 08/25/2025
Key Details
Sold Price $2,300,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 4,500 sqft
Price per Sqft $511
MLS Listing ID CRPI25075919
Sold Date 08/25/25
HOA Y/N No
Year Built 1971
Lot Size 8,712 Sqft
Acres 0.2
Property Sub-Type Other
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
Interior
Heating Wall Furnace
Cooling None
Flooring Laminate, Carpet
Fireplace No
Laundry Other
Building
Lot Description Other
New Construction No
Others
Tax ID 139200012
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© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Bought with StevenBattaglia
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