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Listed by Steven Battaglia • Steven Battaglia, Broker
$ 3,600,000
Est. payment /mo
Active
310 5th Street Solvang, CA 93463
4,500 SqFt
UPDATED:
02/14/2025 04:31 AM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,500 sqft
Price per Sqft $800
MLS Listing ID CRPI24182421
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1900
Lot Size 8,712 Sqft
Property Sub-Type Other
Property Description
Don’t miss this very rare opportunity to acquire a well-maintained 10-unit apartment building located in the heart of the desirable City of Solvang. All the units are 1 bed and 1 bath with separate electric and gas meters, and the residents enjoy a private laundry room and off-street parking in the rear of the building. Upgrades within the last 5 years include laminate flooring in many of the units, new water heater, new dual pane windows and a complete replacement of the asphalt driveway and parking lot. The units are close to all that downtown Solvang has to offer, including restaurants, galleries, shops, and more. With over 40% upside in rents, this property offers the prudent investor lots of upside opportunity.
Location
State CA
County Santa Barbara
Interior
Fireplace No
Appliance Dryer
Laundry Dryer, Washer
Building
Lot Description Level
Water Public
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