215 Bath Street Santa Barbara CA 93101 | SC23052788

215 Bath Street is a generational multifamily asset consisting of 52 units in Santa Barbara, located within the famed West Beach neighborhood.
The property consists of 27 x 1BD/1BA units, 23 x Studios and 2 x 2BD/1BA units in three separate buildings creating a unique apartment community
unlike most properties in the area. Residents enjoy ample on-site parking, use of an on-site laundry room, and a common courtyard with in-ground swimming pool and lounge area. The property’s location in West Beach provides unparalleled conveniences to the Funk Zone, Santa Barbara Harbor, Stearns Wharf, State Street and proximity to Santa Barbara City College (“SBCC”) as well as easy Hwy 101 access. Additionally, the surrounding neighborhood boasts walkability to some of Santa Barbara’s best restaurants, wineries and bars, shops, and of course the beach. The location positions this property to cater to professionals and students. Given the lack of housing for SBCC students, this property could capitalize on maximum rents to a student-based tenancy. The opportunity to acquire a 50+ unit multifamily asset is rare in Santa Barbara, with only three other
50+ sales having occurred in the past 10 years.