1575 Oak St Solvang, CA 93463
Property profile & analytics
1575 Oak St Solvang, CA 93463
- Apartment buildings
- 0.17 lot acres
Property ID
US09-2672538
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Apartment buildings
Property Details for 1575 Oak St
- Lot size
- 0.17 lot acres
- Property type
- Apartment buildings
- APN
- 139-174-025
- APU
- 139174025
Description
This exceptional 5-unit apartment building presents a compelling investment opportunity in the desirable Solvang, California market. Located minutes from Solvang's vibrant downtown, this property boasts a prime location with a Walk Score of 90, providing easy access to restaurants, shops, wineries, and parks. The two-story building, constructed in 1969, offers a mix of unit sizes to cater to a diverse tenant base: one spacious 3-bedroom unit with a private patio and yard, one large 2-bedroom unit featuring a covered patio with mountain views, two 1-bedroom units, and one studio. The property features a convenient common area laundry room and off-street parking. Significant updates within the last five years have enhanced the property's value and appeal, including new furnaces, siding, paint, dual-pane windows, and a new roof. Further improvements include new sewer mains and a concrete driveway installed in 2016. The building sits on a 7,405 square foot lot and encompasses 7,405 square feet of living space. The property is zoned DR-20 and has a Pro-Forma NOI of $105,778 and a Pro-Forma Cap Rate of 6.13%. The asking price is $1,725,000. This is a rare opportunity to acquire a well-maintained, high-performing multifamily property in a thriving tourist destination. The mid-century modern aesthetic adds to its unique charm. The property's strong rental income and recent upgrades make it an ideal investment for discerning buyers seeking a stable and appreciating asset. APN: 139-174-025.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Solvang
- County
- Santa Barbara
- State
- California
- Longitude
- -120.144
- Latitude
- 34.5946
- CBSA code
- 42200
- CBSA name
- SANTA MARIA-SANTA BARBARA, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$1,554
$24,718
$119,913
$144,631
-
$0.00
$0.00
$0.00
