330 East Figueroa Street
Description
work the property requires: structural work, new roof, site work, exterior and interior updates and improvements. Ideal for a contractor, developer or savvy investor to improve and remodel five rental units while mitigating the issues around tenancies. Per plans with the City, this 1920's Craftsman-style building totals...Conveniently located just three blocks from State Street and near the many amenities of Downtown Santa Barbara, this value-add multifamily opportunity has been priced to account for the
work the property requires: structural work, new roof, site work, exterior and interior updates and improvements. Ideal for a contractor, developer or savvy investor to improve and remodel five rental units while mitigating the issues around tenancies. Per plans with the City, this 1920's Craftsman-style building totals 2,750 SF and consists of a 2BD/1BA, a 1BD/1BA, and three Studios. The property provides five onsite parking spaces and common laundry for the tenants. Three of the five units will be vacant at the COE.
- Listed by Christos Celmayster • DRE #01342996 • Hayes Commercial GroupP: (805)-563-2111 C: (805)-729-2912 christos@hayescommercial.com
Property Details for 330 East Figueroa Street
Property Details for 330 East Figueroa Street
| Status | Active |
|---|---|
| MLS # | 24-3313 |
| Days on Market | 76 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income / Multi-Family |
| Year Built | 1920 |
| Lot Size | 0.12 AC / 5,227 SF |
| County | Santa Barbara County |
Building Information for 330 East Figueroa Street
Property Information for 330 East Figueroa Street
- District: 15 - SB/EAST OF STATE
- District: 15 - SB/EAST OF STATE
- Laundry Features: Laundry Room
- Laundry:Laundry Room: Yes
- Year Built Numeric: 1920
- Main House SqFt: 2750.0
- Stories: 2
- Property Information:Stories: 2.0
- Building Area Total: 2750.0
- Parcel Number: 029-221-007
- Association Fee: $.00
- Parking Features: Unc #5
- Uncovered: Yes
- Parking Info:Unc #5: Yes
- Miscellaneous:Parking Spaces: 5.00
- Total Bathrooms: .00
- Bathrooms Total (Decimal): .00
- Bathrooms Total (Notational): .00
- Location Info:Compass Map: Santa Barbara
- Location Info:Map Grid: O12
- Location Info:Walk Score: 90.00
- Location Info:Bike Score: 92.00
- Proximity:Near Bus: Yes
- Proximity:Near Hospital: Yes
- Proximity:Near Park(s): Yes
- Proximity:Near School(s): Yes
- Proximity:Near Shopping: Yes
- Lot Features: Near Public Transit
- Elementary School: Roosevelt
- Junior High School: S.B. Jr.
- High School: S.B. Sr.
- NeighborhoodSchools:Elementary School: Roosevelt
- NeighborhoodSchools:Junior High School: S.B. Jr.
- NeighborhoodSchools:High School: S.B. Sr.
- Lot Size Square Feet: 5227.0
- Lot Size Area: 5227.0
- Lot Size Acres: 0.12
- Property Type Label: Res Inc
- New Construction YN: No
- Condition:Fair: Yes
- Condition:Poor: Yes
- Property Information:Realtor.com Type: Multi-Family
- Property Information:Year Built: 1920.0
- Meters:Sep Meter Wtr: N
- Meters:Sep Meter Gas: No
- Income/Expenses:Gross Rent Multiplr: 9.78
- Income/Expenses:Capitalization Rate: 7.14
- Income/Expenses:Estimated: Yes
- Income/Expenses:Vac Factor: 3274
- Income/Expenses:Total Annual Exp: $46,246.00
- Income/Expenses:NOI: 114160
- Income/Expenses:Total Monthly Income: $13,100
- Income/Expenses:Other Income: $6,480
- Income/Expenses:Annual Income: $163,680
- Gross Income: $163,680
- OperatingExpense: $46,246
- Number Of Units Total: 5
- Unit 1:# Units: 1
- Unit 1:# Bedrooms: 2
- Unit 1:# Baths: 1
- Unit 1:# Half Baths: 0
- Unit 1:Furnished: N
- Unit 1:Rent: $2,421.00
- Unit 1:M/M: Yes
- Unit 1:Monthly Total: $3,700.00
- Unit 2:# Units: 1
- Unit 2:# Bedrooms: 1
- Unit 2:# Baths: 1
- Unit 2:Monthly Total: $3,000.00
- Unit 3:# Units: 3
- Unit 3:# Bedrooms: $.00
- Unit 3:# Baths: 1
- Unit 3:Rent: $2,133.00
- Unit 3:Monthly Total: $6,400.00
- Total Actual Rent: $13,100
Property History for 330 East Figueroa Street
| Date | Event & Source | Price | Appreciation |
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| Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 330 East Figueroa Street
Schools near 330 East Figueroa Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 6 | |||
| Public - | 7 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Roosevelt Elementary School PublicK to 6 | ||
Santa Barbara Junior High School Public7 to 8 | ||
Santa Barbara Senior High School Public9 to 12 | ||
La Cuesta Continuation High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Hayes Commercial Group, Christos Celmayster, DRE #01342996
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