$3,499,000
$301K PRICE DROP

1662 Eucalyptus Dr Solvang, CA 93463

Estimated payment $21,778/month

Total Views 9,297
18 Beds
12 Baths
9,291 Sq Ft
$377 Price per Sq Ft

Highlights

  • 1.1 Acre Lot
  • Patio
  • Coin Laundry
  • Solvang Elementary School Rated A
  • Forced Air Heating System

About This Home

Great 11+ unit Multi family Investor opportunity, plus a separate free standing residence located on Laurel Ave. in Solvang. Zoning is R/3, Cities highest density designation, giving the investor the possibility to add additional units on this over one acre parcel. 5 two bed/1 bath units, 6 - 1 bedroom/ 1 bath units, plus detached free standing 2 bedroom, 1 bath residence. 10 space parking structure and common coin-op laundry area. Walking distance to town & schools.

Listing Agent

John Frederick

Santa Ynez Valley Real Estate License #00696297 Listed on: 08/28/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Home Design

  • 9,291 Sq Ft Home
  • Raised Foundation
  • Slab Foundation
  • Composition Roof
  • Stucco

Bedrooms and Bathrooms

  • 18 Bedrooms
  • 12 Full Bathrooms

Parking

  • Covered Parking
  • On-Street Parking

Utilities

  • Forced Air Heating System
  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter
  • Phone Available
  • Cable TV Available

Additional Features

  • Leased Washer and Dryer
  • Patio
  • 1.1 Acre Lot

Listing and Financial Details

  • The owner pays for electricity, insurance, taxes, gardener, water, trash collection
  • Assessor Parcel Number 139-080-023

Community Details

Building Details

  • Operating Expense $38,724
  • Net Operating Income $122,676

Additional Features

  • 12 Units
  • Coin Laundry

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Listing Details

  • FILLACRES: 1.10
  • ApproxYrBlt: 1962
  • Listing Member Name: John Frederick
  • Listing Office Short Id: 201000032
  • List Office Board Code: Santa Ynez Valley
  • Lot Size Sq Ft: 47916.00
  • Major Area: 38 - Santa Ynez Valley
  • Open House Office I D: 20170308161130873574000000
  • Property Sub Type: Multi Family
  • Prop. Type: Multi-Family
  • Tract Suffix: Drive
  • Geen Feat.: Paved Streets, Telephone, Cable Available, Curbs/Gutter
  • Income And Expenses Annual Operating Exp: 38724.00
  • Landlord Pays: Electricity, Insurance, Taxes, Gardener, Water, Trash Collection
  • Special Features: None
  • Year Built: 1962

Interior Features

  • Total Bathrooms: 12.00
  • Year Built Exception: Unknown
  • Total Bedrooms: 18
  • Laundry: Laundry Eq/Leased, Coin Op, Common

Exterior Features

  • Additional Buildings: Other
  • Exterior: Stucco
  • Exterior Features: Patio
  • Foundation: Raised, Slab
  • Roof: Composition, Other

Garage/Parking

  • Parking: Covered, 6 - 10, Street

Utilities

  • Air Conditioner: None
  • Heating: Forced Air, Wall Furnace
  • Sewer: Public Sewer
  • Hot Water: Public
  • Separate Meters: Gas, Electric

Lot Info

  • Lot Characteristics: Other
  • Zoning Description: Multi-Fam R3, Apartment, Res Multi-Family

Rental Info

  • Deposit: 3.00
  • Sub Lease: No
  • Tenant Pays: Gas, Cable TV, Electricity

Tax Info

  • Assessor Parcel Number: 139-080-023

Multi Family

  • Income And Expenses Net Operating Income: 122676.00
  • Annual Operating Expense: Insurance, Legal, Trash, Electricity, Water/Sewer, Maintenance
  • Total Number Units: 12

Map

Range of Values:

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Average Value
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List Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/02/2025 12/02/25 Price Changed $3,499,000 -7.9% $377 / Sq Ft
08/28/2025 08/28/25 For Sale $3,800,000 -- $409 / Sq Ft
Source: North Santa Barbara County Regional MLS

Source: North Santa Barbara County Regional MLS

MLS Number: 25001746

North Santa Barbara County Regional MLS
California Santa Barbara County Solvang 93463

1662 Eucalyptus Dr, Solvang, CA

For Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

North Santa Barbara County Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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John Frederick
Listing Agent
John Frederick
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Santa Ynez Valley Real Estate
(805) 307-7590