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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 Details | |
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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 | |
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Elementary School: | Harding |
Jr. High School: | S.B. Jr. |
Sr. High School: | S.B. Sr. |
Interior Features | |
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Heating / Cooling: | Wall |
Laundry: | Laundry Room |
Exterior Features | |
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Foundation: | Slab |
Misc. | |
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Zoning: | R-3 |
Reports Available: | Home Inspection, Roof, Prelim, Pest Inspection |
Owner Provides: | Gas, Trash, Water |
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