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1502 San Pascual Street
Santa Barbara, CA 93101
20/Twenty Group with Compass, original listing - (805) 284-0881

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Property Details


List Price: $15,900,000
Beds: --
Baths: --
Status: Pending
SqFt: --
Agency: Compass
Agency Phone: (805) 284-0881

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Description/Comments


Lot Size: 1 acre(s)
Property Type: Other-Other
Year Built: 1972
Notes: Turner Foundation (Non-Profit) owned property, currently providing 45 units of housing and 54 parking spaces with Community Learning Center, Programs and Services on site. Gross income $1.1m per year and current rent is 35% below market rate. <br /> Past Year NOI $802K with Non-Profit property tax exemption status equating to a 4.9% cap rate. New buyer may potentially retain Turner Foundation Non-Profit property tax exemption status if Turner Foundation remains as an Operating Partner. Buyer to verify all information.
MlsNumber: --
ListingId: 24-571


Listing Provided By: Compass, original listing
Phone: (805) 900-0995
Office Phone: (805) 284-0881
Agent Name: 20/Twenty Group
Disclaimer: Copyright © 2024 Santa Barbara Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


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