May 30, 2014

531 W Ortega St, SANTA BARBARA, CA 93101 (MLS# 17-3459)


$1,750,000
531 W Ortega St
SANTA BARBARA, CA 93101
MLS# 17-3459



531 W Ortega St, SANTA BARBARA, CA 93101
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Property Description
Pride of ownership duplex currently serving as student rental. Total of 8 bdrms/4 full baths. Property is in very nicely updated condition. Could also work well for owner user. Original home circa 1919 is a 2 bdrm 1 bath charmer w/wood floors, fireplace, built-ins, cozy front porch. Addition done in 2005 added 3 bdrms plus den and full bath on entry level and 3 bdrms 2 baths upstairs. More updating in 2013-2014 was done with a kitchen being added upstairs and property was legally converted to a duplex.Furnishings are included - furniture, linens, dishes and other kitchen items, patio furniture, bbq. and more. Yard features gorgeous drought tolerant landscaping with tropical plants & trees, fruit trees, artificial grass, patios. Water & electric are separately metered.

Details
Maps
Documents
Location Info
District: 20 - SB/WEST OF STATE
Street #: 531
Dir: W
Street Name: Ortega
Street Suffix: St
State/Province: CA
Postal Code: 93101
Compass Map: Santa Barbara
Map Grid: O13
County: Santa Barbara
Parcel Number: 37102002.00
Cross Street: San Pascual
Contract Info
Current Price: $1,750,000
Price: 1750000
Status: Active
Property Information
Total #Units: 2
Year Built: 1919
Apx # Acres: 0.14
Recurring Fees: No
Neighborhood/Schools
Elementary School: Harding
Junior High School: LaCumbre
High School: S.B. Sr.
Remarks
Hot Sheet Comment: new
Owner Info
Deposit: 3
Miscellaneous
Parking Spaces: 4
# Refrigerators: 3
# Stoves: 2
Unit 1
# Units: 1
# Bedrooms: 2
# Baths: 1
Furnished: Y
Rent: 7400
Monthly Total: 7400
Unit 2
# Units: 2
# Bedrooms: 6
# Baths: 3
Furnished: Y
Income/Expenses
Annual Income: 89000
Meters
Sep Meter Wtr: Y
Sep Meter Elec: Y
Property Features
Condition: Good
Parking Info: Gar #2; Unc #2
Proximity: Near Bus; Near Park(s); Near School(s)
Laundry: Other
Amenities: Fireplace; Gas Stove; Dishwasher; Microwave; Refrigerator
Flr/Wdw Coverings: Carpet; Wood/Laminate; Tile
Security: Smoke Detc
Heating/Cooling: GFA
Owner Provides: Heat; Elec; Gas; Water; Trash; Cbl TV
Zoning: R-3
Exchange: Poss
Terms: Cash; Ctnl
Listing Type: ER
Contingent Remarks: SUBJ 2 INSPECT
Supplements
Convenient to City College. Current owners only have 1 student per bedroom. Big upside potential w/increasing # of students per bdrm(projected rents to $12,000+- per month).Please do not go on property or disturb tenants. Viewings/inspections with accepted offer. Floor plans under documents. Interior access available between both units.

Listing Office: Harbor View Real Estate and Investments

Last Updated: October - 15 - 2017

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Tuesday 17th of October 2017 05:47 AM