640 W Ortega St
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640 W Ortega St
4 Unit Apartment Building $2,650,000 ($662,500/Unit) 3.97% Cap Rate 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
Property Facts In Escrow
| Price | $2,650,000 | Apartment Style | Garden |
| Price Per Unit | $662,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.55 AC |
| Cap Rate | 3.97% | Building Size | 3,484 SF |
| Gross Rent Multiplier | 17.1 | Average Occupancy | 75% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1979 |
| Property Subtype | Apartment | Parking Ratio | 2.3/1,000 SF |
| Price | $2,650,000 |
| Price Per Unit | $662,500 |
| Sale Type | Investment |
| Cap Rate | 3.97% |
| Gross Rent Multiplier | 17.1 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.55 AC |
| Building Size | 3,484 SF |
| Average Occupancy | 75% |
| No. Stories | 1 |
| Year Built | 1979 |
| Parking Ratio | 2.3/1,000 SF |
Unit Amenities
- Balcony
- Dishwasher
- Hardwood Floors
- Views
- Deck
- Dining Room
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $3,750 | 871 |
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Bike Score ®
Very Bikeable (73)
zoning
| Zoning Code | R-2 (Buildable lot R-2) |
| R-2 (Buildable lot R-2) |
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640 W Ortega St
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