1924 San Pascual ST Santa Barbara, CA 93101
Active
$4,895,000
7%
14 Units
16 Beds
14 Baths
n/a Area(sq.ft.)
17,859 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| 0 | 0 | $ 0 | $ 0 | $ 0 |
| MLS #: | V1-23995VC |
| Days On Market: | 157 |
| County: | Santa Barbara |
| Property Type: | Residential Income |
| Price per unit: | $ 349,643 |
| Year Built: | 1964 |
Property Details
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.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Rent Control: | False |
| Total Annual Expense: | $ 141,478 |
| Net Operating Income: | $ 203,471 |
| Cap Rate: | 4.11% |
| Gross Rent Multiplier: | 14.58 |
Structure
| Community Features: | Curbs |
| Style: | Contemporary |
| Water: | Public |
Land & Parking
| Land Lease Type: | Fee |
| Parking Garage: | Assigned |
| Total Parking: | 16 |
Interior
| Cooking Appliances: | Oven-Gas |
| AC/Cooling: | None |
| Equipment: | Community, Refrigerator |
| Heating: | Floor Furnace |
| Fireplace Rooms: | None |
| Laundry: | Community |
Exterior
| Exterior Construction: | Stucco |
| Pool: | No |
| Roof: | Composition |
| Spa: | No |
Detailed Map
Schools
Find a great school for your child
Income
