592 Ave of Flags - Apartments FOR SALE


Buellton, CA 93427
$2,950,000 USD
805-705-7311
592 Ave of Flags, Buellton, CA for Sale
$2,950,000 USD
Apartments - FOR SALE
1/8
null | Request Cap Rate

592 Ave of Flags
Buellton, CA 93427


OVERVIEW

Situated on 1.4 acres, 590 Avenue of Flags is a multifamily property featuring 14 units—one 2-bedroom/1-bath and thirteen studio apartments. The property provides ample on-site parking for both tenants and guests. All leases are month-to-month, allowing flexibility for rental adjustments in accordance with AB 1482 at various upcoming intervals. Laundry room is plumbed and ready for 2 each coin-op washer and dryers. Located in the heart of Buellton’s evolving landscape, this property benefits from the District #2 Downtown Core Specific Plan, which supersedes traditional zoning and offers greater flexibility for renovation and redevelopment as part of ‘The Avenue’ revitalization efforts. Positioned just off Highway 101, Buellton serves as the Northern Gateway to the Santa Ynez Valley, home to renowned wineries, breweries, distilleries, and other popular attractions. The sought-after tourist destinations of Solvang and Chumash Casino are only two miles away. With excellent freeway visibility and convenient off-ramp access from both directions, this property offers exceptional exposure and accessibility. Additionally, 592 Avenue of Flags is also available for sale, presenting a unique opportunity to expand your investment portfolio in this evolving market.

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$476 USD /SF

# OF UNITS

14

PRICE/UNIT

$210,714

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Central Coast Value Add Opportunity!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

PARKING SPACES

16

LAND DETAILS

LAND ACRES

1.4 AC

LAND SF

60,984 SF

ZONING

CR

APN/PARCEL ID

137-170-063

ASK ABOUT THIS PROPERTY

Nick HenryBeachside Partners, Inc.More Info
805-705-7311

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Nick HenryBeachside Partners, Inc.More Info
805-705-7311

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