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    Multi-Family Income Property
    Updated: Jun 24
    Multi-Family Income Property

    1662 Eucalyptus Drive, Solvang, CA 93463

    $3,299,000
    9,291 sqft 1.10 AC lot
    5 ground‑level 2‑bedroom/1‑bath units and 6 1‑bedroom/1‑bath units (3 upstairs, 3 downstairs)
    Detached free‑standing 2‑bedroom/1‑bath residence on an over one‑acre parcel
    10‑space parking structure plus common coin‑op laundry area
    R/3 zoning with City’s highest density designation
    Utilities: public water and public sewer
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    This listing looks promising.

    Here's a quick look at some key insights for

    1662 Eucalyptus Drive, Solvang, CA 93463

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    • Est. Cap Rate

      5.6%
      NOI ÷ price

    • Est. NOI

      $184K
      Annual

    • Price @ 7% Cap

      $2.63M
      Suggested
    View Property Analytics
    Based on your search, we've compiled 37 Potential Opportunities for your consideration. Besides 1 Active listings in Solvang, CA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 28 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Santa Maria Multifamily Rehab Opportunity
    Santa Maria Multifamily Rehab Opportunity

    1015 Russell, Santa Maria, CA 93458

    $1,198,000
    12,300 sqft

    15-unit apartment building in Santa Maria, CA. Rehab potential.

    View details
    Ventura Multifamily Investment Opportunity
    Ventura Multifamily Investment Opportunity

    176 W Ramona St, Ventura, CA 93001

    $5,090,000
    0.51 AC lot

    Value-add multifamily property with ADU potential near Downtown Ventura.

    View details
    Fully Furnished Cottage Housing Community
    Fully Furnished Cottage Housing Community

    1324 N Broadway, Santa Maria, CA 93454

    $100,000

    100 fully furnished cottages with recent new roofs, plus a restaurant and meeting hall, available for immediate occupancy.

    View details
    Mid-Town Retail and Residential Property
    Mid-Town Retail and Residential Property

    1723 E Main St, Ventura, CA 93001

    $1,100,000
    0.30 AC lot

    Retail spaces, studio apartment, and parking in mid-town Ventura.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Prime Commercial Land Opportunity
    Prime Commercial Land Opportunity

    31426 The Old Road N, Castaic, CA 91384

    $2,250,000
    2.05 AC lot

    2+ acres of commercially zoned land with freeway exposure.

    View details
    Lancaster Corner Lot Investment Opportunity
    Lancaster Corner Lot Investment Opportunity

    Newgrove Street, Lancaster, CA 93534

    $350,000
    0.17 AC lot

    0.17-acre corner lot in Lancaster with development potential.

    View details
    Development Opportunity with DTLA Views
    Development Opportunity with DTLA Views

    700 Lookout Dr, Los Angeles, CA 90012

    $799,000
    0.22 AC lot

    Land with potential for up to 23 units.

    View details
    San Jacinto Land with Utilities
    San Jacinto Land with Utilities

    Rosario, San Jacinto, CA 92583

    $155,000
    0.33 AC lot

    Unique lot with utilities available for multiple residential uses.

    View details

    Off-Market Properties in Solvang, CA

    Consider similar Off-Market properties in Solvang, CA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    310 5th St
    APARTMENT HOUSE (5+ UNITS)

    310 5th St, Solvang, CA 93463-2770

    $2,300,000
    Estimated value
    0.20 AC lot
    View details
    1575 Oak St
    APARTMENT HOUSE (5+ UNITS)

    1575 Oak St, Solvang, CA 93463

    $1,350,000
    Estimated value
    0.17 AC lot
    View details
    271 Alisal Rd
    APARTMENT HOUSE (5+ UNITS)

    271 Alisal Rd, Solvang, CA 93463-2803

    Value Estimation by Request
    0.22 AC lot
    View details
    1524 Acorn Way
    APARTMENT HOUSE (5+ UNITS)

    1524 Acorn Way, Solvang, CA 93463-2780

    $13,640,000
    Estimated value
    1.73 AC lot
    View details
    1525 Acorn Way
    APARTMENT HOUSE (5+ UNITS)

    1525 Acorn Way, Solvang, CA 93463-2784

    $13,600,000
    Estimated value
    1.24 AC lot
    View details
    253 3rd St
    APARTMENT HOUSE (5+ UNITS)

    253 3rd St, Solvang, CA 93463-2824

    $2,560,000
    Estimated value
    0.28 AC lot
    View details
    263 3rd St
    APARTMENT HOUSE (5+ UNITS)

    263 3rd St, Solvang, CA 93463-2823

    $2,560,000
    Estimated value
    0.37 AC lot
    View details
    279 Alisal Rd
    APARTMENT HOUSE (5+ UNITS)

    279 Alisal Rd, Solvang, CA 93463-2803

    Value Estimation by Request
    0.41 AC lot
    View details
    1690 Eucalyptus Dr
    APARTMENT HOUSE (5+ UNITS)

    1690 Eucalyptus Dr, Solvang, CA 93463-2168

    $950,000
    Estimated value
    0.24 AC lot
    View details
    1642 Eucalyptus Dr
    APARTMENT HOUSE (5+ UNITS)

    1642 Eucalyptus Dr, Solvang, CA 93463-2139

    Value Estimation by Request
    0.61 AC lot
    View details
    1535 Oak St
    APARTMENT HOUSE (5+ UNITS)

    1535 Oak St, Solvang, CA 93463

    Value Estimation by Request
    0.49 AC lot
    View details
    415 5th St
    APARTMENT HOUSE (5+ UNITS)

    415 5th St, Solvang, CA 93463

    Value Estimation by Request
    992 sqft 0.28 AC lot
    View details
    1622 Eucalyptus Dr
    APARTMENT HOUSE (5+ UNITS)

    1622 Eucalyptus Dr, Solvang, CA 93463-2141

    $530,000
    Estimated value
    1,672 sqft 0.78 AC lot
    View details
    1677 Maple Ave
    APARTMENT HOUSE (5+ UNITS)

    1677 Maple Ave, Solvang, CA 93463-2669

    Value Estimation by Request
    0.59 AC lot
    View details
    405 5th St
    APARTMENT HOUSE (5+ UNITS)

    405 5th St, Solvang, CA 93463-2771

    Value Estimation by Request
    0.56 AC lot
    View details
    1662 Eucalyptus Dr
    APARTMENT HOUSE (5+ UNITS)

    1662 Eucalyptus Dr, Solvang, CA 93463-2122

    Value Estimation by Request
    1.10 AC lot
    View details
    1669 Maple Ave
    APARTMENT HOUSE (5+ UNITS)

    1669 Maple Ave, Solvang, CA 93463-2667

    $4,985,000
    Estimated value
    19,292 sqft 0.63 AC lot
    View details
    293 5th St
    APARTMENT HOUSE (5+ UNITS)

    293 5th St, Solvang, CA 93463-2744

    Value Estimation by Request
    0.49 AC lot
    View details
    275 5th St
    APARTMENT HOUSE (5+ UNITS)

    275 5th St, Solvang, CA 93463

    Value Estimation by Request
    1.15 AC lot
    View details
    1624 Elm Ave
    APARTMENT HOUSE (5+ UNITS)

    1624 Elm Ave, Solvang, CA 93463-2691

    Value Estimation by Request
    0.22 AC lot
    View details
    1668 Eucalyptus Dr
    APARTMENT HOUSE (5+ UNITS)

    1668 Eucalyptus Dr, Solvang, CA 93463-2123

    Value Estimation by Request
    0.22 AC lot
    View details
    1720 Laurel Ave
    APARTMENT HOUSE (5+ UNITS)

    1720 Laurel Ave, Solvang, CA 93463-2143

    $745,000
    Estimated value
    3.34 AC lot
    View details
    1495 Aarhus Dr
    APARTMENT HOUSE (5+ UNITS)

    1495 Aarhus Dr, Solvang, CA 93463-2989

    Value Estimation by Request
    1,494 sqft 0.76 AC lot
    View details

    Solvang, CA Apartment Buildings Market Trends and Statistics

    Explore 29 apartment buildings for sale in Solvang, CA on our real estate platform. These investment opportunities span a total of 9,291 square feet of properties for sale, with an estimated market value of $3,299,000.

    Sale prices for two-family homes in Solvang, CA start at $3,299,000, averaging $3,299,000, and reaching up to $3,299,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 8,099
    Population Growth (5Y) +0.9%
    Median Household Income $130,123
    College Educated 30.4%

    High-Yield Neighborhoods for Investment

    Identify Solvang submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    93463 $7.8M

    Taxes & Financing

    Tax Rate (average for all types) 1.01%
    Property Tax per SF $23.08 per SF
    Tax Rate vs County Average 0.04 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Santa Barbara County

    New Delisted

    Total CRE Inventory on Market (SF)

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