310 5th St - Apartments FOR SALE


Solvang, CA 93463
$3,600,000 USD
805-688-5333
310 5th St, Solvang, CA for Sale
$3,600,000 USD
Apartments - FOR SALE
1/8
null | 4.52% Cap Rate

310 5th St
Solvang, CA 93463


HIGHLIGHTS

  • Well maintained apartment building in quaint Danish town of Solvang
  • 40% upside in rents
  • Lots of upgrades in the last five years

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/SF

$570 USD /SF

# OF UNITS

10

PRICE/UNIT

$360,000

CAP RATE

4.52%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sunnyvale

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

DR-20

APN/PARCEL ID

139-200-012

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.