Sold
125-129 Greenwell Avenue
SANTA BARBARA CA, 93067
$5,200,000
$781.48 per sqft
Sold
3 Beds
2.5 Baths
6,654 sqft
Residential
Courtesy of Steven J Golis, Radius Group Commercial R.E.
*CALL TO OFFERS: APRIL 5TH* Seller must carry papers with exceptional terms! See details in ''More''.. Tucked between the Pacific Ocean and the Santa Ynez mountain range sits 125-129 Greenwell Ave. This Coastal Zoned property boasts two buildings consisting of (4) 2 bed / 1 bath and (6) 1 bed / 1 bath apartments. Units offer an abundance of natural light and have been well maintained and refreshed with various updates over the years. Tenants enjoy the ease of off-street parking and a communal deck with patio tables. This asset is centrally located in the charming beach town of Summerland, within walking distance to shops and eateries including Field + Fort and The Nugget, while being only a short drive to Santa Barbara's most popular hiking trails. Do not miss out on making this special coastal property your
next investment opportunity for long-term rentals and possibly vacation rentals! Owner must carry papers with exceptional terms. See investment analysis for more information.
Seller Carryback Details:
-25% Downpayment
-10 Year Term (Interest Only)
-3% Interest Rate Year One
-4% Interest Rate Year Two
-5% Interest Rate Years 3-5
-6% Interest Rate Years 6-10
*15% Prepayment Penalty Fee if the loan is paid off in the first 10 years.
23-722
MLSⓇ ID
March 20, 2023
Listed
March 28, 2024
Updated
Map
125-129 Greenwell Avenue
SANTA BARBARA CA, 93067
Interior Features
Bedrooms
3 Beds
Bathrooms
2.5 Baths
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.47 Acres
Lot Features
Near Public Transit
School Information
High School
Carp. Sr.
Elementary School
Summerland
Other Property Details
Area Name
05 - CARPINTERIA-SUMMERLAND
Garage
No
View
No
County
Santa Barbara
Pool
No
Zoning
Other
Buyer Agency Compensation
2.5%
Listing History
Date | Event | Price |
---|---|---|
5/25/2023 | Price Change | $5,200,000 9% |
5/25/2023 | Sold | $5,200,000 |
Listed by Radius Group Commercial R.E., Steven J Golis,
Listing Contact:
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Data last updated 4:19 AM UTC, 3/28/2024