1598 Oak St

Solvang, California 93463

$1,150,000 5 Beds 6.0 Baths 3,827 sq ft MLS# 18-2119

About 1598 Oak St

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 in 2014 space: 5-6 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 parking space credits. 12 dedicated parking spaces on and off property. Move right into this incredible live/work home, second home or income property

1598 Oak St Details

MLS #18-2119
Half Baths2
Square Feet3,827
Lot Size16117.0
Zip Code93463
Property TypeResidential
ConstructionSingle Story
AmenitiesCathedral Ceilings,Dual Pane Window,Guest Quarters
Elementary SchoolOther
Junior High SchoolOther
High SchoolOther

Property Location

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Listing Courtesy of Santa Ynez Valley Real Estate
All information is deemed reliable, but is not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Village Properties shall be responsible for any typographical errors, misinformation, or misprints. © 2019 Santa Barbara Multiple Listing Service. All rights reserved. We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. It may be subject to transcription and transmission errors. Accordingly, the data is provided on an “as is” “as available” basis only and may not reflect all real estate activity in the market.


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