This offering is for 5 acres of land encumbered with a master lease which has 13 years remaining and no options to renew. Master Lessee has improved the property with a 69 unit trailer park. Park is subject to city of Santa Barbara mobile home rent control. 2% cap rate based on ground lease rents received in 2016.
Full Property Details
Full Property Detailsfor 1210 Cacique St
Sold For: $5,725,000
MLS ID: 17-3185
Added: 274 day(s) ago
Improvements: Private, Public
Area: 15 - SB/EAST OF STATE
County: Santa Barbara
Cross Streets: Soledad
Elementary School: Cleveland
Middle School: S.B. Jr.
High School: S.B. Sr.
Water: S.B. Wtr
Utility Description: Cable, Electric, Gas, Sewer, Telephone, Water
1210 Cacique St, Santa Barbara, CA 93103 (MLS# 17-3185) is a
Lots/Land property that was sold at $5,725,000 on June 19, 2018.
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Lease with a Right to Purchase
A new affordable option from Home Partners of America. They buy the home, you lease it for 1-5 years with a right to purchase.