Keegan Cin | Realtor® | License # DRE 01971604

Property

Santa Barbara, CA 93105 2109 De La Vina Street

2109 De La Vina Street Santa Barbara, CA - Image 12109 De La Vina Street Santa Barbara, CA - Image 22109 De La Vina Street Santa Barbara, CA - Image 3
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2109 De La Vina Street Santa Barbara, CA - Image 42109 De La Vina Street Santa Barbara, CA - Image 52109 De La Vina Street Santa Barbara, CA - Image 62109 De La Vina Street Santa Barbara, CA - Image 72109 De La Vina Street Santa Barbara, CA - Image 82109 De La Vina Street Santa Barbara, CA - Image 92109 De La Vina Street Santa Barbara, CA - Image 10
Presented By: Steven Golis with Radius Group Commercial RE; sgolis@radiusgroup.com
  • MLS# V129523
  • 04/24/2025
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  • Beds • 3
  • Baths • 2
  • Garage • 17
  • Year Built • 1971

Home Details

The Palm Tree Apartments, located at 2109, 2111, and 2115 De La Vina Street, consist of 40 units across three well-maintained buildings. The apartments feature (35) 450 SF 1-bedroom/1-baths and (5) 550 SF 2-bedroom/1-bath floorplans. Currently operated by the Battistone Foundation, a Santa Barbara non-profit dedicated to providing quality low cost housing for economically disadvantaged senior citizens, the majority of the units have been thoughtfully remodeled with updated flooring and fresh paint. Upstairs apartments offer vaulted ceilings and private balconies, while downstairs units include spacious private patios. The property's newly refreshed landscaping enhances the communal courtyard, providing tenants with a serene retreat. The roof has been well-maintained by the current ownership, with the most recent work completed in 2023. Additional amenities include assigned parking and tenant storage options. Centrally located in downtown Santa Barbara and just a few blocks from Cottage Hospital, this property is just minutes from shopping, dining, and local attractions, offering tenants both convenience and a vibrant urban lifestyle. Tenants pay for electricity. Landlord pays for water/trash and electricity for common areas, manager's unit and office. Current rents are well below market due to current ownership running as a non-profit offering senior housing.
Presented By: Steven Golis with Radius Group Commercial RE; sgolis@radiusgroup.com

Interior Features for 2109 De La Vina Street

Bathrooms

Total Baths

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NYes
Heating Y/NYes
Laundry FeaturesCommonArea

General for 2109 De La Vina Street

Additional Parcels Y/NNo
Attached Garage No
Carport Spaces23.0
Carport Y/NYes
CitySanta Barbara
Community FeaturesBiking, Park, Suburban
CoolingNone
CountySanta Barbara
DirectionsHead southwest on W Mission St toward De La Vina St, Turn right onto De La Vina St, Turn left. Property on left.
Electric Expense12790.0
Electric On Property Y/NNo
Garage Spaces17.0
Garage Y/NYes
Gross Income598560.0
HOANo
HOA Fee$0.0
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense17837.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashToNewLoan, Conventional
Lot Size Square Feet43560.0
Lot Size UnitsSquareFeet
MLS AreaVC81 - Santa Barbara
MobileHomeRemainsYNNo
Net Operating Income175564.0
New ConstructionNo
Open Parking Spaces12.0
Operating Expense409669.0
Pool FeaturesNone
Property Attached Y/NYes
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NYes
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Subdivision NameSanta Barbara: Other
Trash Expense10990.0
ViewNone
Water Sewer Expense27240.0
Year Built1971
Year Built SourceOther

Exterior for 2109 De La Vina Street

Crops Included Y/NNo
FencingWroughtIron
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres1.0
Lot Size Area43560.0
Number of Buildings3
Number of Separate Electric Meters3
Number of Separate Gas Meters40
Number of Separate Water Meters3
Open Parking Y/NNo
Parking FeaturesAssigned, Carport, Garage, Private, Uncovered
Private PoolNo
SpaNo
Total Parking52.0
WaterfrontY/NNo

Additional Details

Price History

Clayton Bond

Sales Associate
Price $17,900,000
MLS#V129523
List Date 04/24/2025
Property Type Multi-Family
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