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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 Details | |
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MLS ID: | #24-1428 |
Current Price: | $4,950,000 |
Buyer Broker Compensation: | 2.5% |
Status: | Active |
Days on Market: | 85 |
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 | |
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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, Prelim, Roof |
Owner Provides: | Trash |
Listed with Berkshire Hathaway HomeServices California Properties
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