640 Ortega St Santa Barbara, CA 93101
- Commercial real estate
- 3,484 SF
- 1.55 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 640 Ortega St
- Year built
- 1979
- Lot size
- 1.55 lot acres
- Property size
- 3,484 SF
- Property type
- Commercial real estate
- APN
- 035-060-016
Description
This exceptional investment opportunity presents a well-maintained four-unit apartment building located in Santa Barbara, California, at 640 W Ortega St, 93101. The property, boasting a total of 3,484 square feet of net rentable space, comprises two one-story duplex buildings situated on a peaceful cul-de-sac lot spanning 1.55 acres (APN: 035-060-016). Constructed in 1979, this Class B multifamily property is zoned R-2. Each of the four units features a private deck offering scenic mountain views, reflecting a commitment to resident comfort and enjoyment. The property's strong construction and desirable location in Santa Barbara County make it an attractive investment prospect. The asking price is $2,650,000. This turnkey investment offers a rare chance to acquire a well-maintained property in a highly sought-after area. The quiet location and individual unit amenities contribute to high occupancy rates and strong rental income potential. The property's size and layout provide ample space for residents, while the location offers easy access to local amenities and attractions. This is a truly exceptional opportunity for investors seeking a stable and profitable addition to their portfolio.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Santa Barbara
- County
- Santa Barbara
- State
- California
- Longitude
- -119.70572983598
- Latitude
- 34.411443818885
