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PRICE REDUCTION!!
Main House Unit A:
Eye-catching remodeled home inside and out! Tile, Pergo wood floors and sisal carpet throughout. The home has a two-car garage with a wonderful front yard with large porch and a back yard. The kitchen has travertine countertops and a dishwasher. There is a driveway for off-street parking.
Cottage Unit B:
Delightfully remodeled studio cottage, with tile and wood floors. There is a full kitchen and a full bathroom. Plus extra space for entertaining. Uniquely designed, the property offers privacy and off-street parking.
Current Monthly Rents for June 2009 to June 2010 leases are:
Unit A, 2 Bedroom 2 Bath: $4,700.00
Unit B, 1 Bedroom 1 Bath: $950.00
Tenant pays all utilities. (Gas and Water are billed back to tenant by owner)
Offered at $875,000 this is a GRM of Only 12.90. Owner will consider financing with 30% down and he will carry balance for 10 years at 7% fixed, interest only or he will carry a 2nd of up to 20% for 15 years at 7% fixed, interest only. For a Property Profile, please click the 'More Info' button above.
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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