47 Ocean View Avenue, Santa Barbara, CA 93103

About this property

Great opportunity to acquire an asset of this size on the Lower Riviera.Located next to the Montecito Country Club, 47 Ocean View Ave. Has aunit mix of (6) studios, (8) 1 bd/1ba and (1) 2 bd/1ba units. Some havebeen upgraded with laminate flooring, granite counters, fixtures, appliancesand paint. Lower units feature private outdoor space. A common laundry room and off-street parking are also available for tenants. The buildings exterior has undergone extensive woodwork, including fasciareplacement, all new modern energy-efficient LED exterior lighting, newpaint and new, drought-tolerant landscaping. This property is ideal for potential tenants due to its central location between East Beach, Montecito, downtown Santa Barbara with easy access to the 101 freeway.

Listing description from the August 2017 sale, as reported to CRMLS.

Sale history

$4,175,000

Sold August 2017 · listed $4,225,000, on market June 2017 · MLS #V0-217007538 · Source: CRMLS

Listing Agent: Lori Zahn · Listing Office: Radius Group Commercial RE · Contact: (805) 965-5500 · Bought with: Steve Golis · Radius Group Commercial Real Estate,Inc.

$3,675,000

Sold August 2016 · listed $3,995,000, on market February 2016 · MLS #316001665 · Source: CRMLS

Listing Agent: David Stevenson · Listing Office: Stevenson Real Estate Services · Contact: 818-956-7001 · Bought with: David Stevenson · Stevenson Real Estate Services

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