Sold

125-129 Greenwell Avenue

SANTA BARBARA CA, 93067

$5,200,000


$781.48 per sqft

Sold

3 Beds

2.5 Baths

6,654 sqft

Residential

Courtesy of Steven J Golis, Radius Group Commercial R.E.

*CALL TO OFFERS: APRIL 5TH* Seller must carry papers with exceptional terms! See details in ''More''.. Tucked between the Pacific Ocean and the Santa Ynez mountain range sits 125-129 Greenwell Ave. This Coastal Zoned property boasts two buildings consisting of (4) 2 bed / 1 bath and (6) 1 bed / 1 bath apartments. Units offer an abundance of natural light and have been well maintained and refreshed with various updates over the years. Tenants enjoy the ease of off-street parking and a communal deck with patio tables. This asset is centrally located in the charming beach town of Summerland, within walking distance to shops and eateries including Field + Fort and The Nugget, while being only a short drive to Santa Barbara's most popular hiking trails. Do not miss out on making this special coastal property your
next investment opportunity for long-term rentals and possibly vacation rentals! Owner must carry papers with exceptional terms. See investment analysis for more information.

Seller Carryback Details:
-25% Downpayment
-10 Year Term (Interest Only)
-3% Interest Rate Year One
-4% Interest Rate Year Two
-5% Interest Rate Years 3-5
-6% Interest Rate Years 6-10
*15% Prepayment Penalty Fee if the loan is paid off in the first 10 years.

23-722

MLS ID

March 20, 2023

Listed

March 28, 2024

Updated

Map

125-129 Greenwell Avenue
SANTA BARBARA CA, 93067

Interior Features

Bedrooms

3 Beds


Bathrooms

2.5 Baths


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.47 Acres


Lot Features

Near Public Transit

School Information

High School

Carp. Sr.


Elementary School

Summerland

Other Property Details

Area Name

05 - CARPINTERIA-SUMMERLAND


Garage

No


View

No


County

Santa Barbara


Pool

No


Zoning

Other


Buyer Agency Compensation

2.5%

Listing History

Date

Event

Price

5/25/2023

Price Change

$5,200,000

9%

5/25/2023

Sold

$5,200,000

Listed by Radius Group Commercial R.E., Steven J Golis,
Listing Contact:  

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