1575 Oak St - Apartments FOR SALE


Solvang, CA 93463
$1,725,000 USD
805-688-5333
1575 Oak St, Solvang, CA for Sale
$1,725,000 USD
Apartments - FOR SALE
1/6
null | 6.13% Cap Rate

1575 Oak St
Solvang, CA 93463


HIGHLIGHTS

  • Walking distance to quaint Danish town of Solvang, CA
  • Many upgrades in the last 5 years

OVERVIEW

Great opportunity for investors! This quaint multi-family property is located minutes from Solvang’s downtown tourist district. This 2-story multi-family apartment building features mid-century modern flair, common area laundry room, and off-street parking. Unit mix includes (1) spacious 3-bedroom unit downstairs with back patio and yard, (1) large 2-bedroom unit with a fabulous covered patio overlooking the mountain range, (2) 1-bedroom units, and (1) studio*, offering a unit style for everyone. Updates within the last 5 years include new furnaces, new siding and paint, new dual pane windows, new roof and much more. New sewer mains and concrete driveway were installed in 2016. This is a “Walker’s Paradise” with a Walk Score of 90 due to its proximity to restaurants, shops, wine tastings, parks and more. (* Permit status of studio is unverified.)

FOR SALE DETAILS

PRICE

$1,725,000 USD

PRICE/SF

$420 USD /SF

# OF UNITS

5

PRICE/UNIT

$345,000

CAP RATE

6.13%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

DR-20

APN/PARCEL ID

139-174-025

ASK ABOUT THIS PROPERTY

Steve BattagliaBattaglia Commercial Real EstateMore Info
805-688-5333

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Steve BattagliaBattaglia Commercial Real EstateMore Info
805-688-5333

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.