Solvang, CA 93463,310 5th Street
Solvang, CA 93463,310 5th Street
Solvang, CA 93463,310 5th Street
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$3,600,000
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10 BD
8,712 Sqft Lot
Active

310 5th Street Solvang, CA 93463

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UPDATED:

09/18/2024 05:47 AM

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID PI24182421

Bedrooms 10

HOA Y/N No

Lot Size 8,712 Sqft

Property Description

Dont miss this very rare opportunity to acquire 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% upside in rents, this property offers the prudent investor lots of upside opportunity.
Dont miss this very rare opportunity to acquire 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% upside in rents, this property offers the prudent investor lots of upside opportunity.

Location

State CA

County Santa Barbara

Area Solvang (93463)

Zoning Other

Building

Story 2

Lot Size Range 7500-10889 SF

Others

Acceptable Financing Cash

Space Rent $989

Listing Terms Cash


San Diego Regional MLS (SDMLS)
Listed by Steven Battaglia • Steven Battaglia, Broker

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Damon Cuccia

Broker Associate, REALTOR®, ABR, MRP | License ID: 01422266

+1(619) 370-3777

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310 5th Street