1598 Oak Street, Solvang

$1,150,000

5 Beds
6 Baths
3,827 Sqft
.37 Acres
0 Garage(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. Projected capitalization rates average 7.5% depending on management, rates, and occupancy. 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® #18001558
Price$1,150,000
Bedrooms5
Bathrooms6
Half Baths2
Square Footage3827
TypeComm/Ind/BusOp-Sale
StatusActive Under Contract
Community Information
Address1598 Oak Street
SubdivisionNot Applicable
CitySolvang
StateCalifornia
Zip Code93463
Features

Dishwasher, Family Room, Fenced Yard, Fireplace, Living Room, Refrigerator, Guest Quarters

Interior
Stories1
Exterior
Lot Size.37 acre
School Information
DistrictSolvang
ElementarySolvang Elementary
MiddleSolvang School
HighSanta Ynez High School

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