$3,299,000
$501K PRICE DROP

1662 Eucalyptus Dr Solvang, CA 93463

Estimated payment $21,118/month

Total Views 19,549
18 Beds
12 Baths
9,291 Sq Ft
$355 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 ground level two bed/1 bath units, 6 - 1 bedroom/ 1 bath units(3 upstairs, 3 downstairs), plus detached free standing 2 bedroom, 1 bath residence. 10 space parking structure and common coin-op laundry area. Close 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

Parking

  • On-Street Parking

Home Design

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

Bedrooms and Bathrooms

  • 18 Bedrooms
  • 12 Full Bathrooms

Utilities

  • No Cooling
  • Forced Air Heating System
  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter
  • Phone Available
  • Cable TV Available

Additional Features

  • Patio
  • 1.1 Acre Lot

Listing and Financial Details

  • The owner pays for electricity, trash collection, water, gardener, taxes, insurance

Community Details

Building Details

  • Operating Expense $51,478
  • Net Operating Income $148,921

Additional Features

  • 12 Units
  • Coin Laundry

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

1.1 Acres

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • LotSizeAcres: 1.1
  • Co List Office Mls Id: 201000032
  • Year Built: 1962
  • Listing Detail: None
  • Listing, Location and Property Info: Deposit: 3.0
  • Listing, Location and Property Info: REO: No
  • Listing, Location and Property Info: Short Sale: No
  • Site Improvements: Paved Streets, Curbs/Gutter, Cable Available, Telephone
  • Lot Characteristics: Other
  • General Property Information: Year Built Exception: Unknown
  • Separate Meters: Gas, Electric
  • General Property Information: Total # Units: 12
  • Income & Expenses: Annual Operating Exp: 51478.0
  • Income & Expenses: Net Operating Income: 148921.0
  • Special Features: None

Interior Features

  • Owner Pays: Electricity, Trash Collection, Water, Gardener, Taxes, Insurance
  • Full Bathrooms: 12
  • Total Bedrooms: 18

Exterior Features

  • Construction Type: Stucco
  • Foundation Details: Raised, Slab, None
  • Other Structures: Other
  • Patio And Porch Features: Patio
  • Roof: Composition, Other

Garage/Parking

  • Parking Features: Covered, On Street, 6 - 10

Utilities

  • Heating: Forced Air, Wall Furnace
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Laundry Features: Laundry Eq/Leased, Common Area, Coin Op
  • Cooling: None
  • Heating Yn: Yes
  • Water Source: Public

Lot Info

  • Lot Size Sq Ft: 47916.0
  • Zoning Description: Multi-Fam R3, Res Multi-Family, Apartment

Rental Info

  • Tenant Pays: Gas, Electricity, Cable TV

Multi Family

  • Number Of Units Total: 12

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/11/2026 06/11/26 Price Changed $3,299,000 -5.7% $355 / 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
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