For Sale
$2,650,000

640 Ortega StSanta Barbara, CA 93101

Prime Santa Barbara fourplex, excellent condition.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a well-maintained four-unit apartment building located in Santa Barbara, California, at 640 W Ortega St, 93101. The property, boasting a total of 3,484 square feet of net rentable space, comprises two one-story duplex buildings situated on a peaceful cul-de-sac lot spanning 1.55 acres (APN: 035-060-016). Constructed in 1979, this Class B multifamily property is zoned R-2. Each of the four units features a private deck offering scenic mountain views, reflecting a commitment to resident comfort and enjoyment. The property's strong construction and desirable location in Santa Barbara County make it an attractive investment prospect. The asking price is $2,650,000. This turnkey investment offers a rare chance to acquire a well-maintained property in a highly sought-after area. The quiet location and individual unit amenities contribute to high occupancy rates and strong rental income potential. The property's size and layout provide ample space for residents, while the location offers easy access to local amenities and attractions. This is a truly exceptional opportunity for investors seeking a stable and profitable addition to their portfolio.

Highlights

  • Well-maintained four-unit apartment building in Santa Barbara, CA.
  • 3,484 square feet of net rentable space on a 1.55-acre lot.
  • Two one-story duplex buildings on a quiet cul-de-sac (APN: 035-060-016).
  • Built in 1979, Class B multifamily property, R-2 zoning.
  • Each unit features a private deck with mountain views.
  • Asking price: $2,650,000.

Property Details for 640 Ortega St

Property type
Apartment buildings
Square Feet
3,484 SF
Class
B
Year Built
1979
Buildings
2
Stories
1
Lot Size (sq. ft)
67,518 SF
Units
4

Location Insight

City
Santa Barbara
County
Santa Barbara
State
California
Latitude
34.411443818885
Longitude
-119.70572983598
640 Ortega St, Santa Barbara, California

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640 Ortega St
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