1924 San Pascual Street
Santa Barbara, CA 93101
$355,000.00 (-6.76%)
Active for $4,895,000
Beds: N/A Baths: Structure Size: N/A sqft Lot Size: 17,860 sqft
| MLS | V123995 |
| Year Built | 1964 |
| Property Type | |
| County | Santa Barbara |
| Status | Active |
| Active | $4,895,000 |
| Structure Size | N/A sqft |
| Lot Size | 17,860 sqft |
| Beds | N/A |
| Baths |
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.
Listing information courtesy of: Randy Freed, Berkshire Hathaway HomeServices California Properties (805) 895-1799. *Based on information from the Association of REALTORS/Multiple Listing as of 11/14/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Dalana Tinsley
REALTOR®
Direct: 310.876.4662
Email: Email Me
DRE: 01743814
DRE #01873088
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