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    201 Bath Street

    Santa Barbara, CA 93101
    • $12,995,000
    • STATUS: Active
    • ON SITE: 289 Days
    • ID#: V1-3181
    UPDATED: 19 min ago
    $12,995,000
    • 0
      BEDS
    • 0.35
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1910
    County:

    School Ratings & Info

    Description

    Once in a lifetime does an opportunity to acquire a legal 12-unit short term vacation rental property in Santa Barbara's historic and coveted West Beach come along. This beautiful beach retreat is located just two blocks from the ocean at West Beach, walking distance to the Santa Barbara Pier, Santa Barbara Harbor, fantastic world class dinning and so much more. Potential tenants/guests enjoy the new State Street Promenade, Sterns Wharf, The Funk Zone, Santa Barbara Farmer's Market, Moxi Museum, and Chase Palm Park's Summer Concerts Series. This meticulously maintained property has been historically run as short-term rentals with long-term tenants sprinkled in. So many options for this location present themselves; keep running as it is, use as executive apartment suites, or transform into a boutique hotel. All suites are beautifully appointed with high-end designer appliances: wolf cook tops, subzero refrigerators and, dishwashers. The designer's flare shows with the beautifully fully furnished appointments, high ceilings, washers/dryers, granite countertops, limestone floors, hardwood floors, custom cabinets, Waterford fireplaces, gorgeous spa like bathrooms, private patios/balconies, air conditioning, large gas grills, and venetian fountains. The benefits continue with off street parking, 6 garages and a full basement for housekeeping. And, so much more. The layout of 201 Bath lends itself to multiple uses or configurations: Ownership's exclusive use of the two third-floor penthouses; use each floor as a residence, create townhouse layout; or use as twelve individual executive apartment suites. Benefits continue with the ability to add additional 3000 square feet of new living space that could be configured as one or two additional suites. This opportunity is due to the unique set back at the front of the property. 5.69% CAP rate on market nightly rental rates

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-24T17:26:27.37. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.
    www.therealestategirl.com/homes/113086560
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    201 Bath Street Santa Barbara, CA 93101

    • Price: $12,995,000
    • Status: Active
    • Updated: 19 min ago
    • ID#: V1-3181
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.35
    Acres
    1910
    Built
    Neighborhood:
    Santa Barbara: Other
    County:
    Santa Barbara
    Area:
    VC81 - Santa Barbara
    Property Description
    Once in a lifetime does an opportunity to acquire a legal 12-unit short term vacation rental property in Santa Barbara's historic and coveted West Beach come along. This beautiful beach retreat is located just two blocks from the ocean at West Beach, walking distance to the Santa Barbara Pier, Santa Barbara Harbor, fantastic world class dinning and so much more. Potential tenants/guests enjoy the new State Street Promenade, Sterns Wharf, The Funk Zone, Santa Barbara Farmer's Market, Moxi Museum, and Chase Palm Park's Summer Concerts Series. This meticulously maintained property has been historically run as short-term rentals with long-term tenants sprinkled in. So many options for this location present themselves; keep running as it is, use as executive apartment suites, or transform into a boutique hotel. All suites are beautifully appointed with high-end designer appliances: wolf cook tops, subzero refrigerators and, dishwashers. The designer's flare shows with the beautifully fully furnished appointments, high ceilings, washers/dryers, granite countertops, limestone floors, hardwood floors, custom cabinets, Waterford fireplaces, gorgeous spa like bathrooms, private patios/balconies, air conditioning, large gas grills, and venetian fountains. The benefits continue with off street parking, 6 garages and a full basement for housekeeping. And, so much more. The layout of 201 Bath lends itself to multiple uses or configurations: Ownership's exclusive use of the two third-floor penthouses; use each floor as a residence, create townhouse layout; or use as twelve individual executive apartment suites. Benefits continue with the ability to add additional 3000 square feet of new living space that could be configured as one or two additional suites. This opportunity is due to the unique set back at the front of the property. 5.69% CAP rate on market nightly rental rates
    Exterior Features

    Fencing Average Condition Lot Features Sprinklers None Number Of Separate Electric Meters 14 Parking Total 6 Pool Features None Pool Private YN No Property Attached YN No Spa Features None Spa YN No View None View YN No

    Interior Features

    Appliances Gas Oven Common Walls No Common Walls Cooling Central Air Cooling YN Yes Heating Central Heating YN Yes

    Property Features

    Community Features BikingFishingHikingParkWater Sports Fuel Expense 0 Garage YN Yes Gross Income 0 Gross Scheduled Income 0 Insurance Expense 0 Land Lease YN No Laundry Features Common Area Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Conventional Net Operating Income 0 New Taxes Expense 0 Number Of Separate Gas Meters 14 Number Of Separate Water Meters 14 Operating Expense 0 Rent Control YN No Senior Community YN No Special Listing Conditions Standard Trash Expense 0 Water Sewer Expense 0

    Listing provided courtesy of Nicholas Henry of Beachside Partners and John Dougherty Koskinen of Beachside Partners


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-24T17:26:27.37. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.
     
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