- For Sale $8,200,000
- Property Type Multi-Family
- Property Size 13,800 SF
- Units 10
- Lot Size 0.75 Acre
- Year Built 1971
- Date Updated Apr 17, 2024
Perched on a lush hilltop on Colina Lane, this prime lower Riviera asset, comprising five (5) townhome duplexes, represents a prime opportunity to purchase an investment property that has not been on the market in 50 years. Each of the 10 units boasts an ocean view and is surrounded by lush gardens, giving the complex a very private feel. The approx. .75-acre, well-kept property is surrounded by multi-million dollar homes, just steps from the Santa Barbara Bowl. Made up of nine (9) 2BD/1.5BA and one (1) 3BD/2.5BA units, the rental base is ideal for both smaller families and professionals. Each unit has covered parking as well as balconies and patios for tenants to enjoy the fresh air and views this location provides. Pro Forma rents with minimal upgrades will garner substantial income for investors.
Want more info on this listing?
Reach out to the broker for more info on lease terms and amenities
False
Contacts
Location
Getting Around
-
Walk Score ®
49/100
Car-Dependent
-
Transit Score ®
39/100
Some Transit
-
Bike Score ®
35/100
Somewhat Bikeable
- City Santa Barbara, CA
- Neighborhood Lower Riviera
- Zip Code 93103
- Market Central Coast
Points of Interest
-
Santa Barbara
1.40 miles
-
Zoo Train
2.13 miles
-
Goleta
8.25 miles
-
eVgo
0.58 miles
-
ChargePoint
0.60 miles
-
ChargePoint
0.88 miles
-
Santa Barbara Gas
1.11 miles
-
Arco
1.11 miles
-
Chevron
1.59 miles
-
ChargePoint
1.87 miles
-
Fuel Depot
2.60 miles
-
Chevron
2.96 miles
-
Conserv Fuel
2.99 miles
-
The Junior Lot
0.24 miles
-
The Senior Lot
0.27 miles
-
Belmond El Encanto Tesla Chargers
0.52 miles
-
City Lot #6 (Granada Garage)
0.68 miles
-
City Lot #7 (Library Garage)
0.71 miles
-
City Lot #8
0.77 miles
-
City Lot #5
0.81 miles
-
City Lot #4
0.84 miles
-
Santa Barbara Historical Society Parking
0.85 miles
-
City Lot #3
0.86 miles
-
El Encanto, A Belmond Hotel, Santa Barbara
0.50 miles
-
Simpson House Inn
0.60 miles
-
Simpson Houe Inn
0.61 miles
-
Spanish Garden Inn
0.64 miles
-
Presidio Motel
0.74 miles
-
Courtyard by Marriott Santa Barbara Downtown
0.78 miles
-
Orange Tree Inn
0.86 miles
-
The Upham Hotel & Country House
0.90 miles
-
Canary, a Kimpton Hotel
0.91 miles
-
Hotel Santa Barbara
1.11 miles
-
Judge for Yourself Cafe
0.55 miles
-
The Shop
0.64 miles
-
Zaytoon
0.71 miles
-
Carlitos Café y Cantina
0.71 miles
-
Petros
0.71 miles
-
Brasil Arts Café
0.73 miles
-
Sama sama kitchen
0.74 miles
-
Downeys
0.74 miles
-
Rud's Mexican
0.75 miles
-
Opal Restaurant & Bar
0.75 miles
-
Santa Barbara High School
0.34 miles
-
Santa Barbara Middle School
0.35 miles
-
Jefferson School
0.36 miles
-
Santa Barbara College
0.52 miles
-
Notre Dame School
0.65 miles
-
Roosevelt Elementary School
0.67 miles
-
Santa Barbara Junior High School
0.70 miles
-
La Cuesta Continuation High School
0.84 miles
-
Fielding Graduate University
0.86 miles
-
Marymount School
0.88 miles
-
Montessori Childrens Home
0.76 miles
Frequently Asked Questions
What is the lease rate for 707-723 Colina Lane?
Rental asking rate at 707-723 Colina Lane is $4,100,000.00/YR.
What is the total square footage of 707-723 Colina Lane?
707-723 Colina Lane totals 13,800 square feet.
When was this property built?
707-723 Colina Lane was built in 1971.
Looking for more in-depth information on this property?
Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.
