310 5th St Solvang, CA 93463
Solvang NeighborhoodEstimated payment $19,086/month
Highlights
- Property is near a park
- No HOA
- Carpet
- Solvang Elementary School Rated A-
- Laundry Room
- Wall Furnace
About This Home
This is a well-maintained 10-unit apartment building located in the heart of the desirable City of Solvang. All the units are 1 bed and 1 bath with separate electric and gas meters, and the residents enjoy a private laundry room and off-street parking in the rear of the building. Upgrades within the last 5 years include laminate flooring in many of the units, new water heater, new dual pane windows and a complete replacement of the asphalt driveway and parking lot. The units are close to all that downtown Solvang has to offer, including restaurants, galleries, shops, and more. With over 40 percent upside in rents, this property offers the prudent investor lots of upside opportunity.
Listing Agent
Steven Battaglia, Broker Brokerage Phone: 8056806431 License #01318215
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1971
Lot Details
- 8,712 Sq Ft Lot
- Two or More Common Walls
Home Design
- Apartment
Interior Spaces
- 4,500 Sq Ft Home
- 2-Story Property
- Laundry Room
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Bathroom
Parking
- 10 Open Parking Spaces
- 10 Parking Spaces
Location
- Property is near a park
- Property is near public transit
Utilities
- Wall Furnace
- Natural Gas Connected
Listing and Financial Details
- Tax Lot 29
- Assessor Parcel Number 139200012
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 10 Units
Amenities
- Laundry Facilities
Building Details
- 10 Separate Electric Meters
- 10 Separate Gas Meters
- 1 Separate Water Meter
- Operating Expense $73,620
- Gross Income $217,200
- Net Operating Income $137,064
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/09/2025 04/09/25 | For Sale | $2,900,000 | -- | $644 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PI25075919
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