- For Sale $8,200,000
- Property Type Multi-Family
- Property Size 13,800 SF
- Units 10
- Lot Size 0.75 Acre
- Year Built 1971
- Date Updated Apr 17, 2024
Perched on a lush hilltop on Colina Lane, this prime lower Riviera asset, comprising five (5) townhome duplexes, represents a prime opportunity to purchase an investment property that has not been on the market in 50 years. Each of the 10 units boasts an ocean view and is surrounded by lush gardens, giving the complex a very private feel. The approx. .75-acre, well-kept property is surrounded by multi-million dollar homes, just steps from the Santa Barbara Bowl. Made up of nine (9) 2BD/1.5BA and one (1) 3BD/2.5BA units, the rental base is ideal for both smaller families and professionals. Each unit has covered parking as well as balconies and patios for tenants to enjoy the fresh air and views this location provides. Pro Forma rents with minimal upgrades will garner substantial income for investors.
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Contacts
Steve Golis
Radius Commercial Real Estate
(805) 879-9606
Michael Chenoweth
Radius Commercial Real Estate
(805) 879-9608
Michael Lopus
Radius Commercial Real Estate
(805) 680-8806
Location
Getting Around
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Walk Score ®
Car-Dependent (49) -
Transit Score ®
Some Transit (39) -
Bike Score ®
Somewhat Bikeable (35)
- City Santa Barbara, CA
- Neighborhood Lower Riviera
- Zip Code 93103
- Market Central Coast
Points of Interest
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Santa Barbara
1.40 miles
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Zoo Train
2.13 miles
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Goleta
8.25 miles
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eVgo
0.58 miles
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ChargePoint
0.60 miles
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ChargePoint
0.88 miles
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Santa Barbara Gas
1.11 miles
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Arco
1.11 miles
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Chevron
1.59 miles
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ChargePoint
1.87 miles
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Fuel Depot
2.60 miles
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Chevron
2.96 miles
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Conserv Fuel
2.99 miles
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The Junior Lot
0.24 miles
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The Senior Lot
0.27 miles
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Belmond El Encanto Tesla Chargers
0.52 miles
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City Lot #6 (Granada Garage)
0.68 miles
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City Lot #7 (Library Garage)
0.71 miles
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City Lot #8
0.77 miles
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City Lot #5
0.81 miles
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City Lot #4
0.84 miles
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Santa Barbara Historical Society Parking
0.85 miles
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City Lot #3
0.86 miles
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Judge for Yourself Cafe
0.55 miles
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The Shop
0.64 miles
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Zaytoon
0.71 miles
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Carlitos Café y Cantina
0.71 miles
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Petros
0.71 miles
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Brasil Arts Café
0.73 miles
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Sama sama kitchen
0.74 miles
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Downeys
0.74 miles
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Rud's Mexican
0.75 miles
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Opal Restaurant & Bar
0.75 miles
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Santa Barbara High School
0.34 miles
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Santa Barbara Middle School
0.35 miles
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Jefferson School
0.36 miles
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Santa Barbara College
0.52 miles
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Notre Dame School
0.65 miles
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Roosevelt Elementary School
0.67 miles
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Santa Barbara Junior High School
0.70 miles
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La Cuesta Continuation High School
0.84 miles
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Fielding Graduate University
0.86 miles
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Marymount School
0.88 miles
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Montessori Childrens Home
0.76 miles