MLS® ID: 18-1947

1598 Oak St

SOLVANG, California, 93463

$1,150,000 Pending
  • 4 Baths
  • 3827 SQFT
Fantastic investment opportunity! Approved by the City of Solvang for short-term rental use, this one-of-a-kind property is ready to start generating income. This is one of only a handful of properties with approved zoning for short-term rental or vacation rental use in Solvang and the Santa Ynez Valley. Nestled in the heart of downtown, in an oasis of tranquility and beauty, the property is just under 4,000 sq ft of beautiful fully-remodeled in 2014 space: 5-6 bedrooms, 4 full/2 half baths, 2 kitchens, high beamed ceilings, stunning Great Room, gourmet kitchen. Capitalization potential projected to be as high as 9.9% (assuming a 46% rental occupancy rate and management by owner.). Pro forma spreadsheet are available from the listing office.11 dedicated prking spaces
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Listing courtesy of Santa Ynez Valley Real Estate

Amenities

  • Full baths
    4
  • Half baths
    0
  • Full Baths Range
    4+ Baths
  • Total Baths
    4
  • Zip
    93463
  • Office name
    Santa Ynez Valley Real Estate
  • SQFT
    3827
  • Property type
    Commercial
  • Year built
    0
  • Lot size
    16117.00
  • Agent name
    Allan Jones
  • Purchase Type
    Active
  • Price Range
    $1m-$1.25m
  • Square Feet Range
    3500-4000 sq ft.
  • Office ID
    0
  • Agent ID
    0

Location

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