Don’t miss this very rare opportunity to acquire a well-maintained 10-unit apartment building located in the heart of the desirable City of Solvang. All the units are 1 bed and 1 bath with separate electric and gas meters, and the residents enjoy a private laundry room and off-street parking in the rear of the building. Upgrades within the last 5 years include laminate flooring in many of the units, new water heater, new dual pane windows and a complete replacement of the asphalt driveway and parking lot. The units are close to all that downtown Solvang has to offer, including restaurants, galleries, shops, and more. With over 40% upside in rents, this property offers the prudent investor lots of upside opportunity.
Property Details
Price:
$3,600,000
MLS #:
PI24182421
Status:
Active
Baths:
0
Address:
310 5th Street
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
vangsolvang
City:
Solvang
Listed Date:
Sep 3, 2024
State:
CA
ZIP:
93463
Lot Size:
8,712 sqft / 0.20 acres (approx)
Year Built:
1900
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Schools
Interior
Exterior
Community Features
Park
Garage Spaces
0.00
Lot Features
Level
Parking Spots
10.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Map
Community
- Address310 5th Street Solvang CA
- AreaVANG – Solvang
- CitySolvang
- CountySanta Barbara
- Zip Code93463
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310 5th Street
Solvang, CA
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