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Description

2027 Castillo St, Santa Barbara, CA 93105
Multi Family – 3 Separate Units – Income Generator

$2,090,000 For Sale price reduced – Pictures – Flexible on price – Lease-To-Own – 5% approximate Return on your Investment 

Property Information Video – Dan Ringwald – 805-242-3004 call, text, or email, an offer to get started any time!

Property Virtual Tour – Main House

Realtor.com/2027MLS Listed – we will pay Buying Agent Fees! See Zillow/2027 as well.
First American Title Santa Barbara – will handle the closing as is the case with most of our closings here.

If you want to view this property you will need one of the following below, before viewing, with or without a Buying Agent.

Cash Buyers – Proof of Funds Letter
Buyer with a Conventional LoanPre-Approval Letter
Guy Hamilton – Caliber Home Loans – our recommend local lender!
Lease-To-Own Buyer – Renters must show Proof of Down Payment Fee – the amount is negotiable

As they say, the Devil is in the Details so let’s look at the details on the potential for this property to generate income.  The information below are approximates which will vary with purchase price, loan rates, actual taxes and insurance, and of course operating expenses and vacancy rates.  What should standout here is where in Santa Barbara can you find a property that is a cash flowing property from the point of purchase?  This property has some real financial potential.

2027 Castillo St, Santa Barbara, CA 93105 – Google Map – 2 blocks away – walking distance – from some of the best Tenants possible – Cottage Hospital – Doctors and Nurses!

$4,000 Rent per month – Main House – 1,540 sq ft – 3 bed, 2 bath, detached garage, washer dryer – Vacant – Lease-To-Own
$3,600 Rent per month – Unit C- 760 sq ft – 3 bed, 2 bath, attached garage – currently rented
$1,800 Rent per month – Unit B – 404 sq ft – 1 Bed, 1 bath, street parking – currently rented
$200 Rent per month – 1 Garage Storage Space – currently rented – total of 5 parking/storage spaces
$9,600 Total Rental Income per month

Mortgage Calculator – $8,742 Total payment per month

The home address is located at 2027 Castillo Street Santa Barbara, CA.
Main House – 3 bedrooms and 2 bathrooms, Kitchen, Dining Room, Laundry Room with Wash and Dryer, Parking in Garage, Front Yard, Large Front Porch
Unit C – 3 bedrooms and 2 bathrooms, separate apartment building above garages, some views, Parking in Garage.
Unit B – 1 bedroom, 1 bathroom, full kitchen
On the back of the lot are four enclosed garages with parking for a total of four cars!

 

  • Address: 2027 Castillo
  • City: Santa Barbara
  • State/county: California
  • Zip/Postal Code: 93105
  • Neighborhood: Oak Park
  • Country: United States

Detail

Updated on November 8, 2020 at 12:29 pm

  • Price: $2,090,000
  • Bedrooms: 7
  • Garage: 2
  • Year Built: 1915
  • Property Type: Multi Family Home
  • Property Status: For Sale

Contact info

Dan Ringwald
Dan Ringwald
805-242-3004805-680-2440danielringwald
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