2165 Ortega Hill Rd

SUMMERLAND, CA, 93067

$4,350,000

$554 per ft²
$4,350,000
$554 per ft²
Sold
Sold
baths
1 Bath
carpenters-square
7,850 ft²
property_type
Commercial
calendar
Built 1990
1st Time on the Market in 26 Years! This 41 Unit Self Storage in a great Summerland location, is a true legacy & trophy asset that rarely come available & represents an incredible investment opportunity! Conveniently located off Hwy 101 & adjacent to UC Regents recently acquired 28 acre bluff top ''campus'' with 122,000 SF of office buildings. All units are drive up with exterior roll up doors, w/ a great unit mix: 10 - 10' x 15', and 31 - 10' x 20' sized units. Extremely strong market fundamentals w/ little to no vacancy in the 13 mile trade area. Current rents are below market, thus allowing for a true value add opportunity at 5.16 pro forma cap rate for an investor. All tenants are mo/mo, allowing an owner user to occupy some or all of the units. A tremendous & rare offering!
MLS® ID:
22-2196
Listed:
6/29/22
Updated:
8/16/22
Village Properties
Village Properties

Interior Features

Total Bedrooms
0
Total Bathrooms
1

Exterior/Building Features

Lot Size
0.61 acres lot

Other Property Details

Area Name
05 - CARPINTERIA-SUMMERLAND
Garage
No
Parking
N
View
N
County
Santa Barbara
Pool
No
Zoning
C-1

Property History

Date
Event
Price
Value
8/8/22
Sold
-
-
8/8/22
Price Change
$4,350,000
112%
7/14/22
Pending
-
-

Courtesy of Mitch Stark, Berkshire Hathaway Home Services California Properties

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Data last updated 4:28 PM UTC, 8/16/22

Village Properties
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