49
49
58
0
0

REMARKS:

Once in a lifetime does an opportunity to acquire a legal 12-unit short term vacation rental property in Santa Barbara's historic and coveted West Beach come along. This beautiful beach retreat is located just two blocks from the ocean at West Beach, walking distance to the Santa Barbara Pier, Santa Barbara Harbor, fantastic world class dinning and so much more. Potential tenants/guests enjoy the new State Street Promenade, Sterns Wharf, The Funk Zone, Santa Barbara Farmer's Market, Moxi Museum, and Chase Palm Park's Summer Concerts Series. This meticulously maintained property has been historically run as short-term rentals with long-term tenants sprinkled in. So many options for this location present themselves; keep running as it is, use as executive apartment suites, or transform into a boutique hotel. All suites are beautifully appointed with high-end designer appliances: wolf cook tops, subzero refrigerators and, dishwashers. The designer's flare shows with the beautifully fully furnished appointments, high ceilings, washers/dryers, granite countertops, limestone floors, hardwood floors, custom cabinets, Waterford fireplaces, gorgeous spa like bathrooms, private patios/balconies, air conditioning, large gas grills, and venetian fountains. The benefits continue with off street parking, 6 garages and a full basement for housekeeping. And, so much more. The layout of 201 Bath lends itself to multiple uses or configurations: Ownership's exclusive use of the two third-floor penthouses; use each floor as a residence, create townhouse layout; or use as twelve individual executive apartment suites. Benefits continue with the ability to add additional 3000 square feet of new living space that could be configured as one or two additional suites. This opportunity is due to the unique set back at the front of the property. 5.69% CAP rate on market nightly rental rates

OVERVIEW:

ResidentialIncome
Active
VC81 - Santa Barbara
Santa Barbara: Other
1910
15246
0.35
SprinklersNone
AverageCondition
Yes
6
Central
CentralAir

FEATURES:

Biking,Fishing,Hiking,Park,WaterSports
GasOven
None
None

FINANCIAL:

12995000

Broker Reciprocity Courtesy of Beachside Partners, Nicholas Henry

 

Data last updated 8:15:00 PM, 08/03/2021

 

Based on information from California Regional Multiple Listing Service, Inc. as of 08/03/2021. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.  Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

 

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