901 Olive Street, SANTA BARBARA, CA 93101
$17,850,000
Property Type:
Res Inc
Status:
Closed
Current Price:
$17,850,000
List Date:
7/20/2015
Last Modified:
4/18/2019
Description
This newly constructed 100% leased mixed-use project boasts an attractive blend of 19,213 SF refurbished contemporary office space and 19 brand new luxury loft-style residential units—the first new construction of apartments in downtown Santa Barbara since the 1970’s! A turn-key offering for investors seeking a first class,low maintenance asset in a superior Central Coast location.
More Information MLS# 15-1887
Location Info
District: 15 - SB/EAST OF STATE
Street #: 901
Street Name: Olive
Street Suffix: Street
State/Province: CA
Postal Code: 93101
Compass Map: Santa Barbara
Map Grid: P12
County: Santa Barbara
Parcel Number: 029-302-018
Cross Street: Olive Street
Contract Info
Current Price: $17,850,000
Price: 18895000
Buyers Agent $/%: 1
Begin Date: 2015-06-05
Status: Closed
Status Information
Sold Date: 2015-11-17
Sold Price: $17,850,000
Under Contract Date: 2015-07-30
Property Information
Number of Units: 19
Year Built: 2015
Recurring Fees: No
Neighborhood/Schools
Elementary School: Roosevelt
Junior High School: S.B. Jr.
High School: S.B. Sr.
Remarks
Hot Sheet Comment: new
Owner Info
Deposit: 550000
Miscellaneous
Parking Spaces: 66
# Refrigerators: 19
# Stoves: 19
Unit 1
# Units: 9
# Bedrooms: 1
# Baths: 1
Furnished: N
Rent: 3544
Monthly Total: 58200
Unit 2
# Units: 10
# Baths: 1
Rent: 2630
Income/Expenses
Capitalization Rate: 5%
NOI: $938,039.00
Meters
Sep Meter Wtr: Y
Sep Meter Elec: Y
Sep Meter Gas: Yes
Property Features
Condition: Excellent
Parking Info: Com Garage
Proximity: Near Bus; Near School(s); Near Shopping
Laundry: In Unit
Amenities: Deck; Gas Stove; Dishwasher; Disposal; Refrigerator; Fire Spkl; Cable TV; Other
Flr/Wdw Coverings: Other
Heating/Cooling: Radia
Pets: Yes
Zoning: C-2
Terms: Cash; Ctnl
Listing Type: EA
Listing Office: Radius Group Commercial R.E.
Last Updated: April - 18 - 2019
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
The data relating to real estate for sale on this web site comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. Real estate listings held by brokerage firms other than the displaying broker(s) are marked with the 'MLS' logo and detailed information about them includes the name of the listing brokers.
All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor displaying broker shall be responsible for any typographical errors, misinformation, or misprints. 2015 Santa Barbara Multiple Listing Service. All rights reserved.
