918 E Ortega Street Santa Barbara, CA 93103
Listing Courtesy of: Santa Barbara Association Of Realtors / Hayes Commercial Group

  918 E Ortega Street Santa Barbara, CA 93103

Active (70 Days)
$2,145,000

Description

Built in 2004, this tastefully designed Cape Cod duplex is perfect for an owner-occupant looking to make one of these spacious units their home, or for an investor looking for a quality property with significant rent potential. Downstairs is a 3BD/2BA with an additional room totaling 1,188 square feet of living space that boasts top-of-the line appliances, in-unit washer and dryer, a gas fireplace in the living room, and excellent natural light throughout. Upstairs is a 3BD/2BA totaling 1,361 square feet of living space offering gorgeous views of the Riviera from the entry deck and kitchen, vaulted ceilings, living room and primary suite, newer counter tops, fixtures and lights in the kitchen and in-unit washer and dryer. Currently, both units share a 442 square foot two-car garage. This property has been lovingly cared for by its owner and is primed for the next generation of ownership to capitalize on the property's quality and size.

Top floor owner's unit will be available for an owner occupant. Downstairs is currently rented for $5,295 per month with market rent estimated at $5,500. Upstairs estimated market rent is $5,700. Both occupants share all utilities 50/50. Total gross income potential is $131,940 annual.

MLS #:
24-2616
Lot Size
5,227 SQFT
Type
Multifamily
Year Built
2004
County
Santa Barbara County

Listed By

Christos Celmayster, Hayes Commercial Group
Source
Santa Barbara Association Of Realtors
Last checked Oct 15 2024 at 11:47 PM GMT+0000
Bathroom Details
Interior Features
  • Laundry: In Unit
Subdivision
  • 15 - Lower Eastside
Lot Information
  • Near Public Transit
School Information
  • Elementary School: Franklin
  • Middle School: S.b. Jr.
  • High School: S.b. Sr.
Garage
  • Garage
Parking
  • Uncovered
  • Garages
Stories
  • 2
Living Area
  • 2,549 sqft
Location
   
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
Sep 25, 2024
Price Changed
$2,145,000
-2%
-50,000
Aug 19, 2024
Price Changed
$2,195,000
-4%
-95,000
Aug 07, 2024
Original Price
$2,290,000
-
-

Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
%
Interest rate
%
Mortgage calculator estimates are provided by Windermere Real Estate and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Copyright 2024 Santa Barbara Association of Realtors. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 10/15/24 16:47