Pending
427 W Islay St
Santa Barbara CA, 93101
$6,995,000
$986.88 per sqft
Pending
22 Baths
7,088 sqft
Multi-family
22 Units in the Heart of Santa Barbara. This is an incredible investment opportunity, ideally situated to take advantage of the city's robust rental market. This property features a mix of 1-bedroom, 1-bathroom apartments and cozy studios. A convenient common laundry facility adds to the property's appeal for tenants. Recent upgrades too numerous to mention. Ample off-street parking. Priced to deliver a cap rate of over 5, this investment offers both strong cash flow and potential for long-term appreciation. With its prime location near Cottage Hospital and the entire medical district, residents will enjoy easy access to Santa Barbara's dining, shopping, and entertainment, making this property a standout addition to any investor's portfolio.
24-435575
MLSⓇ ID
September 9, 2024
Listed
November 22, 2024
Updated
Map
427 W Islay St
Santa Barbara CA, 93101
Interior Features
Total Stories
2
Total Bathrooms
22
Appliances
Range/Oven, Refrigerator
Laundry Description
Community
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Wall
Exterior/Building Features
Lot Size
0.37 Acres
Other Property Details
Area Name
Santa Barbara
Days on Market
42
Garage
No
Parking
Uncovered
Parking Total
22
View
No
County
Santa Barbara
Pool
No
Zoning
R-4
Listing History
Date | Event | Price |
|---|---|---|
10/22/2024 | Pending | — |
Listed by Stephen Epstein with Keller Williams Realty Santa Barbara
Listing Contact: 805-689-9339
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Nikko Santo Pietro shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 11/22/2024
