1924 San Pascual Street, Santa Barbara, CA 93101 $4,895,000

Status: Closed    MLS# 24-1428

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Property Description

Prime investment opportunity with this centrally located, 14-unit multi-family property, just blocks from Cottage Hospital and close to downtown Santa Barbara's employment hubs, dining, shopping, and beaches. The 2-story building offers two 2-bed/1-bath and twelve 1-bed/1-bath apartments, all with easy access to major transit routes. Recent enhancements include a new roof, resurfaced driveway, updated parking, and sewer upgrades, contributing to strong tenant appeal. Achieve steady returns with significant long-term upside potential (5-6%+ cap rate possible). Offering Memorandum available in Documents; inspections upon request.

Property Information
Property Details
MLS ID: #24-1428
Sold Price: $4,790,000 
Seller Consider Concessions: no
Status: Closed
Days on Market: 146
Address: 1924 San Pascual Street
City / Zip: Santa Barbara, CA 93101
Area / Neighborhood: Sb/West Of State
Year Built: 1964 
Proximity: Near Bus, Near Shopping, Near School(s), Near Park(s), Near Hospital 
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, Roof, Prelim, Pest Inspection 
Owner Provides: Gas, Trash, Water
Location

Listed with Berkshire Hathaway HomeServices California Properties