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    1662 Eucalyptus Dr Solvang, CA 93463

    Sponsored
    For Sale
    $3,499,000

    Multi Family - Solvang, CA

    Type:Multi Family
    Property size:
    9,291 SF
    Lot size:
    1.10 Acres
    Days on Market:
    38
    Last Refresh:
    Jan 8 at 11:06 am

    Property Features for 1662 Eucalyptus Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Multi Family
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    18
    Bathrooms
    12
    APN
    139-080-023
    Parking features
    Covered
    Patio and Porch features
    Patio
    Exterior features
    Patio
    Size
    9,291 SF
    Lot size
    1.10 Acres

    Utilities

    Heating system
    Forced Air, Wall Furnace

    Building Details

    Year built
    1962
    Number of units
    12
    Building materials
    Stucco
    Roof type
    Composition
    Architectural style
    Other

    Santa Ynez Valley Real Estate Company, Inc (805) 688-5717 [email protected]

    Listing agent John Frederick (805) 688-5717 License #00696297

    Listing date Dec 2, 2025

    MLS# 25001746 Listing URL

    Copyright © 2026 Santa Maria Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Solvang Multifamily Investment Opportunity

    This multifamily property presents an investment opportunity in Solvang, California. The property includes 11 units and a separate, free-standing residence. The unit mix comprises five two-bedroom, one-bath units and six one-bedroom, one-bath units, in addition to a detached two-bedroom, one-bath residence. The property is situated on a parcel of over one acre and is zoned R/3, the city's highest density designation, potentially allowing for the addition of more units. On-site amenities include a ten-space parking structure and a common coin-operated laundry area. The property is located within walking distance of the town and schools. The building size is 9291 square feet and the lot size is 1.1 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Solvang
    County
    Santa Barbara
    State
    California
    Longitude
    -120.138461
    Latitude
    34.599027

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    FAQs

    What type of property is this?
    Apartment building - Multifamily property with development potential in Solvang, California.
    Where is this apartment building located?
    The property is located at 1662 Eucalyptus Dr Solvang, CA.
    What is the asking price?
    The asking price for this property is $3,499,000.
    What are key features of this property?
    This property features: - High-density R/3 zoning allows for potential addition of units on the 1+ acre parcel.; - Eleven total units: **5 two-bed/one-bath, 6 one-bed/one-bath, plus a detached two-bed/one-bath residence.**; - Investor opportunity with existing multi-family income potential.
    (805) 350-0882
    Request Owner's contact information
    1662 Eucalyptus Dr Solvang, CA 93463
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    Solvang, CA 93463
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1662 Eucalyptus Dr Solvang, CA 93463
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