1924 San Pascual Street

Santa Barbara, CA 93101

PRICE REDUCED

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-$355,000 (-6.76%)

$4,895,000

List Price

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1964

calendar_month Built

Property Description

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.

Listing Information

List Price $4,895,000
Status Active
MLS V123995
HOA $0
Type Residential Income
Year Built 1964
Lot Size 17,860
Structure Size N/A
DOM 157
Courtesy Of Berkshire Hathaway HomeServices California Properties
Listing Agent Randy Freed DRE#00624274
Co-Listing Agent Ken Switzer DRE#01245644

Interior Features

Laundry Information
Location(s) Common Area
Total Bedroom
Bedrooms N/A
Fireplace Information
Features None
Cooling Type
Cooling Type None

Exterior Information

Maps

Listing information courtesy of: Randy Freed, Ken Switzer, Berkshire Hathaway HomeServices California Properties (805) 895-1799. *Based on information from the Association of REALTORS/Multiple Listing as of Nov 12th, 2024 at 4:24 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.