For more information regarding the value of a property, please contact us for a free consultation.
310 5th ST Solvang, CA 93463
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $2,300,000
Property Type Residential Income
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PI25075919
Year Built 1971
Lot Size 8,712 Sqft
Property Sub-Type Apartment
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
Area Vang - Solvang
Interior
Heating Wall Furnace
Cooling None
Flooring Carpet, Laminate
Fireplaces Type None
Laundry Common Area
Exterior
Pool None
Community Features Sidewalks, Park
Utilities Available Electricity Connected, Natural Gas Connected, Water Connected
Building
Lot Description Near Park, Near Public Transit
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
Read Less
Bought with Steven Battaglia Steven Battaglia, Broker