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310 5th Street

Solvang, CA 93463

– beds
– baths
– sqft
8,712 sqft lot
1900 build
– on site

Don’t miss this very rare opportunity to acquire a well-maintained 10-unit apartment building located in the heart of the desirable City of Solvang. All the units are 1 bed and 1 bath with separate electric and gas meters, and the residents enjoy a private laundry room and off-street parking in the rear of the building. Upgrades within the last 5 years include laminate flooring in many of the units, new water heater, new dual pane windows and a complete replacement of the asphalt driveway and parking lot. The units are close to all that downtown Solvang has to offer, including restaurants, galleries, shops, and more. With over 40% upside in rents, this property offers the prudent investor lots of upside opportunity.

Listed By CRMLS_CA / Steven Battaglia / Steven Battaglia, Broker / 8056806431

Last checked: Checking… • Last updated Sep 17, 2024 •

MLS# PI24182421 —

The Building

Year Built:

1900
Year Built Source:

Other
New Construction:

No
Building Area Total:

4500.00
Building Area Units:

Square Feet
Total Number Of Units:

10
# of Buildings:

1
Stories Total:

2
Entry Level:

1
Common Walls:

2+ Common Walls
# of Separate Gas Meters:

10
# of Separate Water Meters:

1
# of Separate Electric Meters:

10

Interior

Entry Location:

Ground Level
Laundry:

Dryer Included, Washer Included
Laundry:

1

Location

Directions:

From Highway 246 (Mission Dr) turn south on 5th St. Property is 2 blocks down on your left.
Latitude:

34.59314500
Longitude:

-120.14497600

The Property

Property Type:

Residential Income
Subtype:

Apartment
Lot Features:

Level
Lot Size Area:

8712.0000
Lot Size Acres:

0.2000
Lot Size SqFt:

8712.00
Lot Size Source:

Assessor
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

The Listing

Special Listing Conditions:

Standard
Parcel Number:

139200012

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Features:

Park
Pool:

None
Senior Community:

No
Private Pool:

No

Parking

Parking Spaces:

10.00
Uncovered Spaces:

10.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Max Internet Speed

Xfinity

Provided by BroadbandNow®

Sale history

Date	Event	Source	Price	% Change
9/3/24 Sep 3, 2024	Listed / Active	CRMLS_CA	$3,600,000

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This multifamily located in Solvang, CA 93463 is currently for sale for $3,600,000. 310 5th Street is a – square foot multifamily with – beds and – baths that has been on Estately for 110 days. This multifamily is in the attendance area of Solvang Elementary School and Santa Ynez Valley Union High School.

Listing Courtesy of: CRMLS_CA and Steven Battaglia, Broker. Based on information from California Regional Multiple Listing Service, Inc. as of 23:51 on Dec 21.

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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.