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$3,499,000

  • For Sale
  • Active
  • Multi-Family
  • 18 Total Beds
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Great 11+ unit Multi family Investor opportunity, plus a separate free standing residence located on Laurel Ave. in Solvang. Zoning is R/3, Cities highest density designation, giving the investor the possibility to add additional units on this over one acre parcel. 5 two bed/1 bath units, 6 - 1 bedroom/ 1 bath units, plus detached free standing 2 bedroom, 1 bath residence. 10 space parking structure and common coin-op laundry area. Walking distance to town & schools.

Full Property Details for 1662 Eucalyptus Dr

General

  • Price: $3,499,000
  • Status: Active
  • Type: Multi-Family
  • Source: NorthernSantaBarbara
  • MLS ID: 25001746
  • Updated: 12/2/2025
  • Added to Site: 141 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 12
  • Full Bathrooms: 12

Bedrooms

  • Total Bedrooms: 18

Other Rooms

  • Laundry: Laundry Eq/Leased, Coin Op, Common

Additional Information

  • Improvements: Paved Streets, Telephone, Cable Available, Curbs/Gutter

Exterior

  • Exterior Features: Patio

Parking

  • Parking: Covered, 6 - 10, Street

Location

  • Area: 38 - Santa Ynez Valley
  • County: Santa Barbara

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Forced Air, Wall Furnace

Utilities

  • Sewer: Public Sewer
  • Sewer Main Size: Public Sewer
  • Water: Public
  • Separate Meters: Gas, Electric

Structural Information

  • Description/Design: None
  • Exterior Const.: Stucco
  • Roof: Composition, Other
  • Square Feet: 9,291
  • Sq. Ft. Source: Appraiser
  • Year Built: 1962

Unit Information

  • Units in Building: 12
  • 1 Bedroom Units: 6
  • 2 Bedroom Units: 6

Unit 1

  • Total Bathrooms: 1
  • Bedrooms: 2
  • Parking: yes / 1

Unit 2

  • Total Bathrooms: 1
  • Bedrooms: 2
  • Parking: yes / 1

Unit 3

  • Total Bathrooms: 1
  • Bedrooms: 2
  • Parking: yes /1

Unit 4

  • Total Bathrooms: 1
  • Bedrooms: 2
  • Parking: yes / 1

Unit 5

  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 6

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 7

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 8

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 9

  • Total Bathrooms: 1
  • Bedrooms: 1

Lot Features

  • Lot Size (Acres): 1.1
  • Lot Size (Sq. Ft.): 47,916
  • Lot Size Source: Tax Records
  • Zoning: Multi-Fam R3, Apartment, Res Multi-Family
  • Lot Description: Other

Financial Considerations

  • Price Per Sq. Ft.: $376
  • Expenses: Insurance, Legal, Trash, Electricity, Water/Sewer, Maintenance
  • Operating Expenses: $38,724
  • Terms: New Loan, Cash
  • Landlord Pays: Electricity, Insurance, Taxes, Gardener, Water, Trash Collection
  • Tenant Pays: Gas, Cable TV, Electricity

Disclosures and Reports

  • Documents Avail.: Other, P & L
  • APN: 139-080-023

Listed by Santa Ynez Valley Real Estate, John Frederick

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Listing agent

— 1662 Eucalyptus Dr —

  • John Frederick

    Santa Ynez Valley Real Estate

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1662 Eucalyptus Dr

School Districts:Solvang Elementary School District, Santa Ynez Valley Union High School District
NameGradesDistance
Solvang Elementary School
565 Atterdag Road, Solvang, CA 93463
K-80.2 mi
Santa Ynez Valley Union High School
2975 E. Highway 246, Santa Ynez, CA 93460
9-122.3 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1662 Eucalyptus Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/02/2025
Price Reduced
$3,499,000
-7.92%
MLS
8/28/2025
Listed
$3,800,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1662 Eucalyptus Dr

Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,847
2%
$633,307
2%
2024
$6,724
2%
$620,890
2%
2023
$6,612
2%
$608,717
2%
2022
$6,503
2%
$596,782
2%
2021
$6,396
1%
$585,081
1%
2020
$6,302
2%
$579,083
2%
2019
$6,177
2%
$567,729
2%
2018
$6,073
2%
$556,598
2%
2017
$5,970
4%
$545,685
2%
2016
$5,768
4%
$534,986
2%
2015
$5,564
2%
$526,951
2%
2014
$5,455
—
$516,630
—
2013
$5,431
—
$514,296
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 1662 Eucalyptus Dr

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by Santa Ynez Valley Real Estate, John Frederick

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1662 Eucalyptus Drive, Solvang, CA 93463 (MLS# 25001746) is a Multi-Family property with units containing 18 bedrooms and 12 full bathrooms. 1662 Eucalyptus Drive is currently listed for $3,499,000 and was received on August 28, 2025. Want to learn more about 1662 Eucalyptus Drive? Do you have questions about finding other Multi-Family real estate for sale in Solvang? You can browse all Solvang real estate or contact a Coldwell Banker agent to request more information.

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