11
See all 11 photos
$17,900,000
Est. payment /mo
45 Beds
21,687 SqFt
New
2109 De La Vina Street Santa Barbara, CA 93105
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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
Listed by Steve Golis • Radius Commercial RE