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    201 Bath Street

    Santa Barbara, CA 93101
    • $12,995,000
    • STATUS: Active
    • ON SITE: 291 Days
    • ID#: V1-3181
    UPDATED: 24 min ago
    $12,995,000
    • 0
      BEDS
    • 0.35
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1910
    County:

    School Ratings & Info

    Description

    Once in a lifetime does an opportunity to acquire a legal 12-unit short term vacation rental property in Santa Barbara's historic and coveted West Beach come along. This beautiful beach retreat is located just two blocks from the ocean at West Beach, walking distance to the Santa Barbara Pier, Santa Barbara Harbor, fantastic world class dinning and so much more. Potential tenants/guests enjoy the new State Street Promenade, Sterns Wharf, The Funk Zone, Santa Barbara Farmer's Market, Moxi Museum, and Chase Palm Park's Summer Concerts Series. This meticulously maintained property has been historically run as short-term rentals with long-term tenants sprinkled in. So many options for this location present themselves; keep running as it is, use as executive apartment suites, or transform into a boutique hotel. All suites are beautifully appointed with high-end designer appliances: wolf cook tops, subzero refrigerators and, dishwashers. The designer's flare shows with the beautifully fully furnished appointments, high ceilings, washers/dryers, granite countertops, limestone floors, hardwood floors, custom cabinets, Waterford fireplaces, gorgeous spa like bathrooms, private patios/balconies, air conditioning, large gas grills, and venetian fountains. The benefits continue with off street parking, 6 garages and a full basement for housekeeping. And, so much more. The layout of 201 Bath lends itself to multiple uses or configurations: Ownership's exclusive use of the two third-floor penthouses; use each floor as a residence, create townhouse layout; or use as twelve individual executive apartment suites. Benefits continue with the ability to add additional 3000 square feet of new living space that could be configured as one or two additional suites. This opportunity is due to the unique set back at the front of the property. 5.69% CAP rate on market nightly rental rates

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    Based on information from CRISNet MLS as of 2021-10-26T17:56:33.557. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2021-10-26T17:56:33.557. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.trulinerealty.com/homes/113087743
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    201 Bath Street Santa Barbara, CA 93101

    • Price: $12,995,000
    • Status: Active
    • Updated: 24 min ago
    • ID#: V1-3181
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.35
    Acres
    1910
    Built
    Neighborhood:
    Santa Barbara: Other
    County:
    Santa Barbara
    Area:
    Vc81 - Santa Barbara
    Property Description
    Once in a lifetime does an opportunity to acquire a legal 12-unit short term vacation rental property in Santa Barbara's historic and coveted West Beach come along. This beautiful beach retreat is located just two blocks from the ocean at West Beach, walking distance to the Santa Barbara Pier, Santa Barbara Harbor, fantastic world class dinning and so much more. Potential tenants/guests enjoy the new State Street Promenade, Sterns Wharf, The Funk Zone, Santa Barbara Farmer's Market, Moxi Museum, and Chase Palm Park's Summer Concerts Series. This meticulously maintained property has been historically run as short-term rentals with long-term tenants sprinkled in. So many options for this location present themselves; keep running as it is, use as executive apartment suites, or transform into a boutique hotel. All suites are beautifully appointed with high-end designer appliances: wolf cook tops, subzero refrigerators and, dishwashers. The designer's flare shows with the beautifully fully furnished appointments, high ceilings, washers/dryers, granite countertops, limestone floors, hardwood floors, custom cabinets, Waterford fireplaces, gorgeous spa like bathrooms, private patios/balconies, air conditioning, large gas grills, and venetian fountains. The benefits continue with off street parking, 6 garages and a full basement for housekeeping. And, so much more. The layout of 201 Bath lends itself to multiple uses or configurations: Ownership's exclusive use of the two third-floor penthouses; use each floor as a residence, create townhouse layout; or use as twelve individual executive apartment suites. Benefits continue with the ability to add additional 3000 square feet of new living space that could be configured as one or two additional suites. This opportunity is due to the unique set back at the front of the property. 5.69% CAP rate on market nightly rental rates
    Exterior Features

    Fence YN Yes Fencing Average Condition Lot Features Sprinklers None Lot Size Area 15246.0000 Parking Total 6.00 View None View YN No

    Interior Features

    Appliances Gas Oven Appliances YN Yes Common Walls No Common Walls Cooling Central Air Cooling YN Yes Heating Central Heating YN Yes Laundry Features Community Laundry YN Yes

    Property Features

    Community Features BikingFishingHikingParkWatersports Land Lease YN No Pool Features None Pool Private YN No Property Attached YN No Senior Community YN No Spa Features None Spa YN No Special Listing Conditions Standard Subdivision Name Other Santa Barbara: Other

    Listing provided courtesy of Nicholas Henry, CA DRE# 01748131, of Beachside Partners.


    Based on information from CRISNet MLS as of 2021-10-26T17:56:33.557. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2021-10-26T17:56:33.557. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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