713 Kimball St - Apartments FOR SALE


Santa Barbara, CA 93103- East Beach
$1,360,000 USD
805-698-0272
713 Kimball St, Santa Barbara, CA for Sale
$1,360,000 USD
Apartments - FOR SALE
1/10
null | Request Cap Rate

713 Kimball St
Santa Barbara, CA 93103
East Beach


HIGHLIGHTS

  • Rare industrial zoned parcel.
  • Duplex has been well maintained; 2bd / 1ba units.
  • Duplex units well below market rent.
  • National landscape company has over 4 years remaining on industrial yard lease.
  • 5.7% CAP rate.

OVERVIEW

Single-story duplex that has been well maintained on a rare industrial zoned parcel. A national landscape company has over 4 years remaining on the industrial yard lease on the rear of the property. Current 2-bedroom, one-bath units are well below market at $1,800/month and a 5.7% cap rate at the offering. Stable investment in Santa Barbara with solid returns. CONTACT LISTING AGENT FOR DETAILS. PLEASE DO NOT DISTURB TENANTS.

FOR SALE DETAILS

PRICE

$1,360,000 USD

PRICE/SF

$971 USD /SF

# OF UNITS

2

PRICE/UNIT

$680,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Single-Story Duplex on Industrial Zoned Lot

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,701 SF

ZONING

Industrial

APN/PARCEL ID

017-161-004

ASK ABOUT THIS PROPERTY

Brad FrohlingRadius Commercial Real EstateMore Info
805-698-0272

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Brad FrohlingRadius Commercial Real EstateMore Info
805-698-0272

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.