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Property Description:
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MLS # 09-2059 & S577232
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Truly a preferred rental, this 3 Bedroom 4 Bath home was just completed in July / 2005. The home is spacious with a wonderful kitchen (including a dishwasher) and large living room. A large part of the home has tile and hardwood floors. Four full bathrooms in the house. The upstairs has two balconies. Inside the home you have the convenience of a washer and dryer and a two-car garage. It is a very popular property.
Current Monthly Rents for June 2009 to June 2010 lease is $7,000.00 per month.
Tenant pays all utilities.
Offered at $1,200,000 this is a GRM of Only 14.285. Owner will consider financing with 30% down and owner to carry the balance at 7% fixed, interest only for 10 years or carry a 2nd of 20% at 7% fixed interest, interest only, for 15 years on approved credit. For a Property Profile, please click the 'More Info' button above.
All Showings are subject to an accepted offer. Feel free to drive by, but please do not disturb occupants.
This property is located only blocks from the pristine beaches of the Pacific Ocean and the University of California Santa Barbara (UCSB). It is only miles from the California Rivera of Santa Barbara and Internationally known Santa Barbara City College.
UCSB has a current enrollment of 20,000 students and 4,684 Faculty and Staff. UCSB’s forecasts growth of 5,000 students and 1,736 Faculty and Staff by 2025.
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