2525 Banner Avenue

Summerland, CA 93067

$2,900,000
Last Sold Price
—
Beds
—Sq. Ft.
— / Sq. Ft.
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Sq. Ft.
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per Sq. Ft.

Description

The possibilities are endless with this beautiful seaside multi-unit property! Currently operated as a short-term rental with great cash flow. Each unit has private entrance, full kitchen, and balcony with incredible ocean and island views. Upper unit 'Sky' is 1bed/1bath with valued ceilings and ocean views from every room. 'Sand' unit is lower level 1bed/1bath with the best deck on the property. 'Surf' unit is the largest unit with 2bd/1bath, great natural light and expansive outdoor area. The property...The possibilities are endless with this beautiful seaside multi-unit property! Currently operated as a short-term rental with great cash flow. Each unit has private entrance, full kitchen, and balcony with incredible ocean and island views. Upper unit 'Sky' is 1bed/1bath with valued ceilings and ocean views from every room. 'Sand' unit is lower level 1bed/1bath with the best deck on the property. 'Surf' unit is the largest unit with 2bd/1bath, great natural light and expansive outdoor area. The property is walking distance to restaurants and shopping in Summerland, and only a few minutes from Montecito and Santa Barbara.
  1. Listed by Kourtney Wright • DRE #20230213222018606963000000 • Compass First, Inc.

Property Details for 2525 Banner Avenue

MLS Neighborhood
05 - Summerland
Zoning
R-2
Cross Street
Olive St.
Recurring Fees
No

Location

Listing Courtesy of Compass First, Inc., Kourtney Wright, DRE #20230213222018606963000000

Sold By Coastal Properties, Gary Goldberg, DRE #01172139

Add your commute
LISTING UPDATED: 02/13/2023 04:20 PM

Property Details for 2525 Banner Avenue

StatusClosed
MLS #21-3927
Days on Market2
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi-Family
Year Built-
Lot Size0.21 AC / 9,147 SF
CountySanta Barbara County

Location

Listing Courtesy of Compass First, Inc., Kourtney Wright, DRE #20230213222018606963000000

Sold By Coastal Properties, Gary Goldberg, DRE #01172139

Add your commute

Building Information for 2525 Banner Avenue

Stories-Residences3Year Built-Building Size-Lot Size0.21 AC / 9,147 SF

Payment Calculator

$18,725 per month

30 year fixed, 7.25% Interest

Principal and Interest

$15,826

Property Taxes

$2,899

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2525 Banner Avenue

Details
Features
  • District: 05 - CARPINTERIA-SUMMERLAND
  • Property Type: B
  • Amenities: Cable TV, Deck, Dishwasher, Microwave, Patio, Refrigerator
  • Floor Window Coverings: Wood/Laminate
  • Laundry: Other
  • Pets: No
  • Listing Details: None
Parking/Garage
  • Parking Info: Mixed
  • Total Unconvered Spaces: 3
Miscellaneous
  • Num Of Refrigerators: 3
  • Num Of Stoves: 3
  • Parking Spaces: 3
Location Info
Location Info
  • Tax Parcel Number: 005-203-002
  • LotLocation: Near Bus, Near Ocean, Near Shopping
  • City: SUMMERLAND
  • County: Santa Barbara
  • Postal Code: 93067
Neighborhood/Schools
  • Elementary School: Summerland
  • High School: Carp. Sr.
  • Junior High School: Carp. Jr.
Property / Assessor Information
Property / Assessor Info
  • Nbr of Acres: 0
  • Condition: Excellent
  • Foundation: Pier & Post
  • Reports Available: Pest Inspection, Prelim
  • Realtorcom Type: Multi-Family
  • Total # Units: 3
Utility Info
  • Heating/Cooling: A/C Other, Heat Other
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: Yes
Income / Expense Info
Income / Expense Info
  • Capitalization Rate: 4
  • Annual Income: $162,000
  • Insurance: $155
  • Maintenance Expense: $160
  • Electric Expense: $160
  • Gas Expense: $50
  • Total Monthly Exp: $1,000
  • Total Monthly Income: $13,500
  • Trash Expense: $110
  • Water Expense: $120
Unit Info
Unit 1 Info
  • Unit 1Furnished: Y
  • Unit 1Num Of Baths: 3
  • Unit 1Num Of Bedrooms: 4
  • Unit 1Num Of Half Baths: 0
  • Unit 1Num Of Units: 3
  • Unit 1Monthly Total: $13,500
  • Unit 1Rent: $13,500
Contract Info
Contract Info
  • Deposit: 3
  • Exchange: Yes
  • Close Price: $2,900,000.00
  • List Price: $2,950,000.00
  • Terms: Cash
  • Contract Date: 10-24-2021
  • Close Date: 12-17-2021
  • Status: Closed

Property History for 2525 Banner Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2525 Banner Avenue

Taxable ValueLand$1,785,000Additions$1,173,000Total$2,958,000
Tax Record2023$34,790 ($2,899 / month)
Home Facts
Lot Size9,147 SqFtStyleDuplexCountySANTA BARBARAAPN005-203-002

Schools near 2525 Banner Avenue

This home is within Carpinteria Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Summerland Elementary School
PublicK to 5

Carpinteria Middle School
Public6 to 8

Carpinteria Senior High School
Public9 to 12

Aliso Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass First, Inc., Kourtney Wright, DRE #20230213222018606963000000

Based on information from one of the following Multiple Listing Services: Santa Barbara MLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Santa Barbara MLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the 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. For the avoidance of doubt, 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.