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Courtesy of Ken Switzer, Berkshire Hathaway HomeServices California Properties

For Sale

412 Corona Del Mar

412 Corona Del Mar, SANTA BARBARA, CA 93103

$4,495,000

Accessible price point for A+ location apartments by Santa Barbara's waterfront and East Beach, openly for sale for the 1st time since built in 1958. Featuring 8 generous-sized units - 6 x 1-BR over 600 gross SF (meas.), plus 2 x 2-BR over 900 gross SF (meas.) - price is $562K/unit or $825/SF, well below market for the very limited multi-family inventory near the beach of one of world's most renowned coastal communities. Highlights include attractive landscaping around a central green courtyard, high vaulted wood beam ceilings in the 4 upstairs units, moderately updated interiors, and a long pride-of-ownership history. Opportunity for the patient investor to realize long-term cap rates far above historic cap rates for Santa Barbara's beach areas; see pro-forma in unbranded OM in Documents

3
beds

2
baths

5,451 Sq.Ft. LIVING AREA

10,018 Sq.Ft. lot

Ken Switzer

title REALTOR®
PHONE (805) 680-4622
EMAIL [email protected]
DRE # 01245644

Features & Amenities

Interior

total bedrooms3
Total bathrooms2
full bathrooms2
Laundry room Laundry Room
Flooring Carpet, Wood/Laminate

Area & Lot

Status For Sale
Living Area5,451 Sq.Ft.
Lot Area10,018 Sq.Ft.
MLS® ID26-2413
TypeResidential
YEAR BUILT1958
NeighborhoodSanta Barbara
Elementary SchoolCleveland
Middle SchoolS.B. Jr.
High SchoolS.B. Sr.

Exterior

STORIES2
lot featuresNear Public Transit
parkingCarport
HEAT TYPEForced Air
AIR CONDITIONINGNone
SubstructureSlab

Financial

Sales Price$4,495,000
Maintenance Fee $7,318/mo
Zoning Other

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412 Corona Del Mar

$4,495,000

Ken Switzer

Features & Amenities

Interior

Area & Lot

Exterior

Financial

Schedule a Showing

Schedule a Showing

Mortgage Calculator

Santa Barbara

Buy & Sell With Confidence

Follow Me on Instagram

Leave a Message

Thank you for your message. We will be in touch with you shortly.

412 Corona Del Mar

$4,495,000

Ken Switzer

Features & Amenities

Interior

Area & Lot

Exterior

Financial

Schedule a Showing

Schedule a Showing

Mortgage Calculator

Santa Barbara

Buy & Sell With Confidence

Follow Me on Instagram

Contact Details

Ken Switzer

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