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.
Property Details
Price:
$4,950,000
MLS #:
V1-23995
Status:
Active
Baths:
0
Address:
1924 San Pascual Street
Type:
Residential Income
Neighborhood:
vc81santabarbara
City:
Santa Barbara
Listed Date:
Jun 7, 2024
State:
CA
ZIP:
93101
Lot Size:
17,859 sqft / 0.41 acres (approx)
Year Built:
1964
See this Listing
Get Out There, A Simply Outgoing Approach to Life. James Outland Jr. is one of those rare people who simply has an outgoing approach to life. No matter the activity… from dune buggy riding to skydiving to motorcycling to riding the local Pismo Beach waves… James Outland Jr. approaches life with a “just get out there and do it” kind of attitude. A zest for Life. James’ zest for life is obviously apparent in his many exciting hobbies. In his spare time, he loves riding dune buggies or hi…
More About JamesMortgage Calculator
Schools
Interior
Appliances
Refrigerator, Gas Oven, Gas Cooktop
Cooling
None
Fireplace Features
None
Heating
Floor Furnace
Exterior
Community Features
Curbs
Fencing
None
Foundation Details
Slab
Garage Spaces
0.00
Lot Features
Sprinklers None
Parking Features
Assigned, Asphalt
Parking Spots
16.00
Pool Features
None
Roof
Composition
Spa Features
None
View
Mountain(s)
Water Source
Public
Financial
Association Fee
0.00
Map
Community
- Address1924 San Pascual Street Santa Barbara CA
- AreaVC81 – Santa Barbara
- CitySanta Barbara
- CountySanta Barbara
- Zip Code93101
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Courtesy of Berkshire Hathaway HomeServices California Properties. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Outland and Associates Real Estate include the name of the listing broker. Neither the listing company nor Outland and Associates Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.1924 San Pascual Street
Santa Barbara, CA
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