918 Ortega St Santa Barbara, CA 93103
- Small apartment buildings
- 2,549 SF
Current Use by Public Records
- Small apartment buildings
Property Details for 918 Ortega St
- Year built
- 2004
- Property size
- 2,549 SF
- Property type
- Small apartment buildings
- APN
- 031-182-003
Description
This exceptional Santa Barbara duplex presents a lucrative investment opportunity or an ideal owner-occupant scenario. Built in 2004 and tastefully renovated in 2020, this Cape Cod-style property boasts two spacious 3-bedroom, 2-bathroom units, each approximately 1,200 square feet. The downstairs unit, currently rented for $5,295 per month (with market rent estimated at $5,500), features top-of-the-line appliances, in-unit laundry, a gas fireplace, and abundant natural light. The upstairs unit, with estimated market rent of $5,700, offers stunning Riviera views from its entry deck and kitchen, vaulted ceilings, and updated kitchen fixtures. Both units share a 442-square-foot, two-car garage, providing ample parking. The property sits on a 5,040-square-foot lot and is zoned R-2. The total building square footage is 2,549 square feet, per city permitting records. Utilities are shared 50/50 between tenants. The estimated gross annual rental income is $131,940. This meticulously maintained property is ready for immediate occupancy and offers significant potential for future appreciation. The APN is 031-182-003. The asking price is $2,099,000, representing $1,049,500 per unit.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Santa Barbara
- County
- Santa Barbara
- State
- California
- Longitude
- -119.687148
- Latitude
- 34.4286064
