Solvang, CA 93463 310 5th Street
$2,900,000
2 more
Presented By: Steven Battaglia with Steven Battaglia, Broker; 8056806431
Beds • 10
Baths • 1
SQFT • 4,500
Year Built • 1971
Home Details
This is 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 percent upside in rents, this property offers the prudent investor lots of upside opportunity.
Presented By: Steven Battaglia with Steven Battaglia, Broker; 8056806431
Interior Features for 310 5th Street
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringCarpet, Laminate
Heating Y/NYes
Laundry FeaturesCommonArea
Total Stories2
Other Rooms
Entry Level1
General for 310 5th Street
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CitySolvang
Community FeaturesSidewalks, Park
CoolingNone
CountySanta Barbara
DirectionsFrom Highway 246 (Mission Dr) turn south on 5th St. Property is 2 blocks down on your left.
Electric Expense0.0
Electric On Property Y/NNo
Entry Location1
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income217200.0
HOANo
HOA Fee$0.0
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense0.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashToNewLoan
Lot Size Square Feet8712.0
Lot Size UnitsSquareFeet
MLS AreaVANG - Solvang
MobileHomeRemainsYNNo
Net Operating Income137064.0
New ConstructionNo
Number Of Units Total10
Open Parking Spaces10.0
Operating Expense73620.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot29
Trash Expense0.0
UtilitiesElectricityConnected, NaturalGasConnected, WaterConnected
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built1971
Year Built SourceOther
Exterior for 310 5th Street
Building Area Total4500.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesNearPark, NearPublicTransit
Lot Size Acres0.2
Lot Size Area8712.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters10
Number of Separate Gas Meters10
Number of Separate Water Meters1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking10.0
Water SourcePublic
Additional Details
Price History
Alexandra Eston
Sales Associate
Price
$2,900,000
MLS#PI25075919
List Date
04/09/2025
Property Type
Multi-Family
Phone
(562) 537-4182
