Sold

2165 Ortega Hill Road

SUMMERLAND CA, 93067

$4,350,000


$554.14 per sqft

Sold

1 Bath

7,850 sqft

Commercial

Built in 1990

Courtesy of Mitch Stark, Berkshire Hathaway HomeServices California Properties

1st Time on the Market in 26 Years!
This 41 Unit Self Storage in a great Summerland location, is a true legacy & trophy asset that rarely come available & represents an incredible investment opportunity! Conveniently located off Hwy 101 & adjacent to UC Regents recently acquired 28 acre bluff top ''campus'' with 122,000 SF of office buildings. All units are drive up with exterior roll up doors, w/ a great unit mix: 10 - 10' x 15', and 31 - 10' x 20' sized units.
Extremely strong market fundamentals w/ little to no vacancy in the 13 mile trade area. Current rents are below market, thus allowing for a true value add opportunity at 5.16 pro forma cap rate for an investor. All tenants are mo/mo, allowing an owner user to occupy some or all of the units.
A tremendous & rare offering!

22-2196

MLS ID

June 30, 2022

Listed

March 28, 2024

Updated

Map

2165 Ortega Hill Road
SUMMERLAND CA, 93067

Interior Features

Bathrooms

1 Bath


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.61 Acres

Other Property Details

Area Name

05 - CARPINTERIA-SUMMERLAND


Garage

No


View

No


County

Santa Barbara


Pool

No


Zoning

C-1


Buyer Agency Compensation

2.25%

Listing History

Date

Event

Price

6/30/2023

Sold

$4,350,000

Listed by Berkshire Hathaway HomeServices California Properties, Mitch Stark,
Listing Contact:  

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