Coldwell Banker Home Page
Skip to main contentColdwell Banker Home Page
Local Realty Service Provided By: Coldwell Banker Realty
Property view

125-129 Greenwell Avenue, 
Santa Barbara, CA 93067

$5,200,000

—

Bed

—

Bath

6,654

Sq Ft

Multi-Family

Sold

Listed by

Steven J Golis

Radius Group Commercial R.E.

MLS#

23-722

Source:

SBAOR

Sorry, we are unable to map this address

About This Home

125-129 Greenwell Avenue

*CALL TO OFFERS: APRIL 5TH* Seller must carry papers with exceptional terms! See details in ''More''.. Tucked between the Pacific Ocean and the Santa Ynez mountain range sits 125-129 Greenwell Ave. This Coastal Zoned property boasts two buildings consisting of (4) 2 bed / 1 bath and (6) 1 bed / 1 bath apartments. Units offer an abundance of natural light and have been well maintained and refreshed with various updates over the years. Tenants enjoy the ease of off-street parking and a communal deck with patio tables. This asset is centrally located in the charming beach town of Summerland, within walking distance to shops and eateries including Field + Fort and The Nugget, while being only a short drive to Santa Barbara's most popular hiking trails. Do not miss out on making this special coastal property your next investment opportunity for long-term rentals and possibly vacation rentals! Owner must carry papers with exceptional terms. See investment analysis for more information. Seller Carryback Details: -25% Downpayment -10 Year Term (Interest Only) -3% Interest Rate Year One -4% Interest Rate Year Two -5% Interest Rate Years 3-5 -6% Interest Rate Years 6-10 *15% Prepayment Penalty Fee if the loan is paid off in the first 10 years.

Home Facts

Multi-Family

Built in 1976

Price Summary

4,750,000

$713 per Sq. Ft.

MLS #:

23-722

Sold:

May 25, 2023

Rooms & Interior

Interior

Living Area:

6,654 Sq. Ft.

Structure

Structure

Year Built:

1976

Lot

Lot Size (Sq. Ft):

20,473

Finances & Disclosures

Finances

Price:

$4,750,000

Price per Sq. Ft:

$713 per Sq. Ft.

Source:SBAOR
Based on information from the Santa Barbara MLS as of May 31, 2026 Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.