Sold

509 Fig Avenue

SANTA BARBARA CA, 93101

$4,500,000


$533.55 per sqft

Sold

6 Beds

4 Baths

8,434 sqft

Residential

Courtesy of Seth Dailey, Cooperation Capital Group, Inc

6.82% Stabilized Cap Rate and $306,789 NOI.
Location, location, location.
With a WalkScore of 98, this is prime Santa Barbara real estate surrounded by shopping, restaurants, tourist attractions and situated perfectly between downtown and the ocean.
Value-add apartments mix of 12 Studios and a triplex on 509 Fig Ave, and a duplex on 514 Chapala St.
Ideal for value-add investor or developer, only 3 units are currently occupied by tenants; some units are already gutted.
***Please do not disturb the tenants or walk on property.*** Marketing Package is in the documents.

22-3942

MLS ID

December 15, 2022

Listed

February 16, 2024

Updated

Map

509 Fig Avenue
SANTA BARBARA CA, 93101

Interior Features

Bedrooms

6 Beds


Bathrooms

4 Baths


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Features

Near Public Transit

School Information

High School

San Marcos


Elementary School

Monroe

Other Property Details

Area Name

20 - SB/WEST OF STATE


Garage

No


View

No


County

Santa Barbara


Pool

No


Zoning

Other


Buyer Agency Compensation

2%

Listing History

Date

Event

Price

6/30/2023

Sold

Listed by Cooperation Capital Group, Inc, Seth Dailey,
Listing Contact:  

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