1598 Oak Street

Solvang

$1,150,000

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About This Property

5 Beds
6 Baths
3,697 Sqft
.37 Acres
0 Parking Space(s)

Fantastic investment opportunity, second home...or both! Approved by the City of Solvang for short-term rental use, this one-of-a-kind property is ready to start generating income. This is one of only a handful of properties with approved zoning for short-term rental or vacation rental use in Solvang and the Santa Ynez Valley. Nestled in the heart of downtown, in an oasis of tranquility and beauty, the property is just under 4,000 sq ft of beautiful fully-remodeled space: 6 bedrooms, 4 full/2 half baths, 2 kitchens, high beamed ceilings, stunning Great Room, gourmet kitchen. Capitalization potential projected to be as high as 9.9% (assuming a 46% rental occupancy rate and management by owner.)Pro forma spreadsheet are available from the listing office.12 dedicated parking spaces on and off property. Move right into this incredible live/work home, second home or income property

Essential Information
MLS® #18001559
Price$1,150,000
Bedrooms5
Bathrooms6.00
Full Baths4
Half Baths2
Lot Size Sq. Footage3,697
Acres0.37
TypeResidential
Sub-TypeSingle Family Residence
StatusActive
Community Information
Address1598 Oak Street
AreaSanta Ynez Valley
SubdivisionNot Applicable
CitySolvang
CountySanta Barbara
StateCA
Zip Code93463
Amenities
ViewWooded
Interior
InteriorCarpet, Tile, Wood
HeatingForced Air, Natural Gas
CoolingCentral Air
FireplaceYes
# of Fireplaces1
FireplacesBrick/Stone, Living Room
# of Stories1
StoriesOne
Interior Features

Cathedral Ceilings, Dual Pn Windows, Fire Sprinklers, Skylights

Appliances

Cable, Convection, Dishwasher, Garbage Disp, Gas Cooktop, Intercom, Oven Double, Oven/Range-Electric, Refrigerator, Reverse Osmosis

Exterior
Lot DescriptionDownslope, Level
RoofComposition
FoundationSlab
Exterior Features

Fenced Yard, Patio Covered, Yard Sprinklers

Additional Information
ZoningCom/Residential, Commercial
HOA Fees0.00
Listing Details
AgentAllan Jones
Office

Santa Ynez Valley Real Estate Co.

Property History
Status Changed from Active Under Contract to Active
Status Changed from Active to Active Under Contract
Status Changed from Active Under Contract to Active
Status Changed from Active to Active Under Contract
Price Reduced from $1,195,000 to $1,150,000
Show All History (8)
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© 2017 by the following Associations of REALTORS®: Lompoc Valley, Santa Maria and Santa Ynez Valley. All Rights Reserved The data relating to real estate for sale on this web site comes in part from the North Santa Barbara County Regional MLS. Real estate listings held by brokerage firms other than Santa Ynez Valley Real Estate are marked with the IDX logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. Listing information last updated on January 20, 2019 9:30 pm

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