509 Fig Avenue

SANTA BARBARA, CA, 93101

$5,150,000

Sold

Other

Built 1923

6.82% Stabilized Cap Rate and $306,789 NOI. Location, location, location. With a WalkScore of 98, this is prime Santa Barbara real estate surrounded by shopping, restaurants, tourist attractions and situated perfectly between downtown and the ocean. Value-add apartments mix of 12 Studios and a triplex on 509 Fig Ave, and a duplex on 514 Chapala St. Ideal for value-add investor or developer, only 3 units are currently occupied by tenants; some units are already gutted. ***Please do not disturb the tenants or walk on property.*** Marketing Package is in the documents.

MLS® ID:

22-3942

Listed:

12/14/22

Updated:

3/22/23

Berkshire Hathaway HomeServices

Sina Omidi

Mobile: (805) 689-7700 Email: sina@sinaomidi.com

School Information

High School

San Marcos

Middle/Jr High

LaCumbre

Elementary School

Monroe

Other Property Details

Area Name

20 - SB/WEST OF STATE

Garage

Parking

View

County

Santa Barbara

Pool

Property History

Date

Event

Price

Value

12/29/22

Pending

2/17/23

Price Change

$5,150,000

114%

2/17/23

Sold

Courtesy of Cooperation Capital Group, Inc, Seth Dailey,
Listing Contact:

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Data last updated 5:25 PM UTC, 3/22/23

Berkshire Hathaway HomeServices

Sina Omidi

Mobile: (805) 689-7700 Email: sina@sinaomidi.com

Contact