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Mary Oh

mary.socalre@gmail.com +1(714) 595-1787

$ 6,995,000

Est. payment -/mo

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Pending

427 W Islay ST Santa Barbara, CA 93101

22 Baths

7,088 SqFt

UPDATED:

12/05/2024 03:25 AM

Key Details

Property Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 7,088 sqft

Price per Sqft $986

MLS Listing ID 24435575

HOA Y/N No

Lot Size 0.370 Acres

Property Description

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.

Location

State CA

County Santa Barbara

Area Vc81 - Santa Barbara

Zoning R-4

Rooms

Other Rooms Shed(s)

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Appliance Refrigerator

Laundry Common Area

Exterior

Parking Features Uncovered

Total Parking Spaces 22

Building

Story 2

Entry Level Two

Level or Stories Two

Additional Building Shed(s)

New Construction No

Others

Senior Community No

Tax ID 027081021

Special Listing Condition Standard

Listed by Stephen Epstein • Keller Williams Realty Santa Barbara

“My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”

+1(714) 595-1787

mary.socalre@gmail.com

110 E Wilshire Ave, Suite G1, Fullerton, California, 92832, USA