1924 San Pascual Street, Santa Barbara, CA 93101 $5,250,000

Status: Active    MLS# 24-1428

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Property Description

Enjoy the benefits of a short-term typical investor return for the area, while working to realize significant long-term upside (5%-6%+ cap rate) which may be attainable for this central Santa Barbara multi-family asset. The location is a few blocks to Cottage Hospital, and within 1-2 miles of several other major employment centers and the signature Santa Barbara amenities of downtown restaurants/retail, the Theater/Arts district, the waterfront/beaches, and Santa Barbara City College. Along with close proximity to freeway access and artery streets allowing tenants ease-of-access, these factors combine to generate unmatched tenant demand. Recent upgrades include a brand-new roof and sewer lateral improvements. See Offering Memorandum in Documents. OPEN THURS. MAY 9th, 11am-1:30pm.

Property Information
Property Details
MLS ID: #24-1428
Current Price: $5,250,000 
Buyer Broker Compensation: 2.5%
Status: Active
Days on Market: 54
Address: 1924 San Pascual Street
City / Zip: Santa Barbara, CA 93101
Area / Neighborhood: Sb/West Of State
Year Built: 1964 
Proximity: Near Bus, Near Hospital, Near Park(s), Near School(s), Near Shopping 
Schools
Elementary School: Harding
Jr. High School: S.B. Jr.
Sr. High School: S.B. Sr.
Interior Features
Heating / Cooling: Wall 
Laundry: Laundry Room 
Exterior Features
Foundation: Slab 
Misc.
Zoning: R-3 
Reports Available: Home Inspection, Prelim, Roof 
Owner Provides: Trash
Location

Listed with Berkshire Hathaway HomeServices California Properties