Great updated investment opportunity near USC! Well-maintained triplex zoned LARD1.5 offering a strong current 5.6% Cap Rate with additional rent upside potential. The property features two spacious 2-bedroom / 1-bath units (downstairs Unit 1478 and upstairs Unit 1474) plus a 1-bedroom / 1-bath unit (Unit 1478.5). Significant upgrades completed within… Read More the last 3 years include newer flooring, newer kitchens and bathrooms, fresh interior paint, new water heaters, plumbing improvements, waste line replacement, and one new wall heater. Current rents provide stable income with the opportunity to increase returns through market rent adjustments and continued unit optimization. Ideal for both seasoned and 1031-exchange investors seeking value-add potential in a high-demand rental area. Two units can be delivered vacant. Read Less
Courtesy of Keller Williams Realty Santa Barbara 805-319-5866
Listing Snapshot
Days Online
56
Last Updated
Property Type
Other
Beds
5
Square Ft.
2,263
Lot Size
0.13 Acres
Year Built
1911
MLS Number
26638505
30 Days Snapshot Of 90062
$893k
+4%
(avg) sold price
2
-50%
homes sold
120
+10%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Range/Oven, Refrigerator
Building
2,263 sq ft, Built in 1911, Levels: Two, Attached, Craftsman
Cooling
None
Disclosures
As Is
Garage
Uncovered
Heating
Wall
Lot
LotAcreage: 0.1313, LotSizeArea: 5,721
Parking
OpenOtherSpacesTotal: 6, TotalParking: 6
Property
NumberOfUnits: 3, Zoning: LARD1.5
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