310 5th St Solvang, CA 93463-2770
Property profile & analytics
310 5th St, Solvang, CA 93463-2770
- Apartment buildings
- 0.20 lot acres
Property ID
US09-1414746
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 310 5th St
- Lot size
- 0.20 lot acres
- Property type
- Apartment buildings
- APN
- 139-200-012
- APU
- 139200012
Description
This exceptional investment opportunity presents a well-maintained, 10-unit apartment building nestled in the heart of Solvang, California. The property, situated at 310 5th St, boasts a total of 8,712 square feet on a similarly sized lot (APN 139-200-012). The two-story building comprises ten one-bedroom, one-bathroom units, each equipped with separate electric and gas meters. Residents enjoy the convenience of a shared laundry room and off-street parking. Recent upgrades (within the last five years) include new laminate flooring in many units, a new water heater, updated dual-pane windows, and a completely resurfaced asphalt driveway and parking lot. The property is zoned DR-20 and offers significant upside potential, with over 40% potential rent increases. The current pro-forma NOI is $162,788, yielding a 4.52% cap rate at the asking price of $3,600,000. This property's prime location provides easy access to Solvang's vibrant downtown area, featuring numerous restaurants, galleries, and shops. This is a rare chance to acquire a strong-performing multifamily asset in a highly desirable location.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Solvang
- County
- Santa Barbara
- State
- California
- Longitude
- -120.145
- Latitude
- 34.5932
- 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
$2,300
$30,494
$184,098
$214,592
-
$0.00
$0.00
$0.00
