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640 W Ortega St

4 Unit Block of Flats £2,075,745 (£518,936/Unit) 3.97% Net Initial Yield Santa Barbara, CA 93101

Investment Highlights

  • Beautiful mountain view
  • Very well maintained property
  • Quiet setting

Executive Summary

Pride of Ownership property. Very well maintained fourplex. Two individual duplex building. s

Attachments

640 W Ortega Sales Flyer

Property Facts In Escrow

Price £2,075,745 Apartment Style Garden
Price Per Unit £518,936 Building Class C
Sale Type Investment Lot Size 1.55 AC
Net Initial Yield 3.97% Building Size 3,484 SF
Gross Rent Multiplier 17.1 Average Occupancy 75%
No. Units 4 Number of Floors 1
Property Type Residential Year Built 1979
Property Subtype Apartment Parking Ratio 2.3/1,000 SF
Price £2,075,745
Price Per Unit £518,936
Sale Type Investment
Net Initial Yield 3.97%
Gross Rent Multiplier 17.1
No. Units 4
Property Type Residential
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 1.55 AC
Building Size 3,484 SF
Average Occupancy 75%
Number of Floors 1
Year Built 1979
Parking Ratio 2.3/1,000 SF

Unit Amenities

  • Balcony
  • Dishwasher
  • Wooden Floors
  • Views
  • Deck
  • Dining Room

Site Amenities

  • 24 Hour Access

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
2+1 4 £2,937 871
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Bike Score ®
Very Bikeable (73)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

zoning

Zoning Code R-2 (Buildable lot R-2)
R-2 (Buildable lot R-2)
(805) 705-0003

Contact

  • Listing ID: 33449821

  • Date on Market: 08/10/2024

  • Last Updated:

  • Address: 640 W Ortega St, Santa Barbara, CA 93101

The N Santa Barbara/Goleta Residential Property at 640 W Ortega St, Santa Barbara, CA 93101 is currently available. Contact J.T. Real Estate Group for more information.

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640 W Ortega St, Santa Barbara, CA for sale Building Photo- Image 1 of 9
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640 W Ortega St, Santa Barbara, CA for sale Building Photo- Image 5 of 9
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640 W Ortega St, Santa Barbara, CA for sale Building Photo- Image 6 of 9
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640 W Ortega St, Santa Barbara, CA for sale Building Photo- Image 7 of 9
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© 2024 CoStar Group

640 W Ortega St
(805) 705-0003 x

640 W Ortega St

Jim Turner

(805) 705-0003

(805) 705-0003

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