$4,790,000

1924 San Pascual Street

3 Beds 3 Baths 0.41 Acres

Description

Prime investment opportunity with this centrally located, 14-unit multi-family property, just blocks from Cottage Hospital and close to downtown Santa Barbara's employment hubs, dining, shopping, and beaches. The 2-story building offers two 2-bed/1-bath and twelve 1-bed/1-bath apartments, all with easy access to major transit routes. Recent enhancements include a new roof, resurfaced driveway, updated parking, and sewer upgrades, contributing to strong tenant appeal. Achieve steady returns with significant long-term upside potential (5-6%+ cap rate possible). Offering Memorandum available in Documents; inspections upon request.

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Location

1924 San Pascual Street, SANTA BARBARA, CA 93101

Status

Sold

Date Sold

November 26, 2024

Property Amenities

Interior

Laundry room Laundry Room

Total Bedrooms: 3

Full Bathrooms: 3

Area & Lot

Lot Area 0.41 Acres

MLS® ID 24-1428

Year Built 1964

High School S.B. Sr.

Middle School S.B. Jr.

Elementary School Harding

Type Residential

Status Sold

Exterior

Stories 2

Parking Uncovered

Lot Features Near Public Transit

Finance

Sales Price $4,790,000

Maintenance Fee $19,232 monthly

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$4,790,000