2109 De La Vina Street new

Santa Barbara,CA 93105

$ 17900000

45 Beds

0 Bath

21687 SqFt


Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 21,687 sqft

Price per Sqft $825

MLS Listing ID 25000801

Bedrooms 45

Year Built 1971

Lot Size 1.000 Acres

Property Sub-Type Multi Family

Property Description

The Palm Tree Apartments, located at 2109, 2111, and 2115 De La Vina Street, consist of 40 units across three well-maintained buildings. The apartments feature (35) 450 SF 1-bedroom/1-baths and (5) 550 SF 2-bedroom/1-bath floorplans. Currently operated by the Battistone Foundation, a Santa Barbara non-profit dedicated to providing quality low cost housing for economically disadvantaged senior citizens, the majority of the units have been thoughtfully remodeled with updated flooring and fresh paint. Upstairs apartments offer vaulted ceilings and private balconies, while downstairs units include spacious private patios. The property's newly refreshed landscaping enhances the communal courtyard, providing tenants with a serene retreat. The roof has been well-maintained by the current ownership, with the most recent work completed in 2023. Additional amenities include assigned parking and tenant storage options. Centrally located in downtown Santa Barbara and just a few blocks from Cottage Hospital, this property is just minutes from shopping, dining, and local attractions, offering tenants both convenience and a vibrant urban lifestyle. Tenants pay for electricity. Landlord pays for water/trash and electricity for common areas, manager's unit and office. Current rents are well below market due to current ownership running as a non-profit offering senior housing.

Location

State CA

County Santa Barbara

Area 99 - Out Of Area

Interior

Heating Wall Furnace

Cooling None

Laundry Common

Exterior

Parking Features Private Lot,51 - 100,Covered,Garage

Roof Type Composition

Building

Foundation Slab

Others

Acceptable Financing New Loan,Exchange,Cash

Listing Terms New Loan,Exchange,Cash

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