427 W Islay Street
Santa Barbara,
CA
93101
Property Details
List Price: |
$7,395,000 |
Beds: |
22 |
Baths: |
Full: 22 |
Status: |
Active |
SqFt: |
7088 Square Feet |
Agency: |
Keller Williams Santa Barbara |
Agency Phone: |
(805) 456-3600 |
Description/Comments
Lot Size: |
0 acre(s) |
Property Type: |
Residential Multi Family-Multi Family |
Year Built: |
1960 |
Notes: |
22 Units in the Heart of Santa Barbara. This is an incredible investment opportunity, ideally situated to take advantage of the city's robust rental market. This property features a mix of 1-bedroom, 1-bathroom apartments and cozy studios. A convenient common laundry facility adds to the property's appeal for tenants. Recent upgrades too numerous to mention. Ample off-street parking. Priced to deliver a cap rate of over 5, this investment offers both strong cash flow and potential for long-term appreciation. With its prime location near Cottage Hospital and the entire medical district, residents will enjoy easy access to Santa Barbara's dining, shopping, and entertainment, making this property a standout addition to any investor's portfolio. |
MlsNumber: |
-- |
ListingId: |
24001777 |
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Listing Provided By: |
Keller Williams Santa Barbara, original listing |
Phone: |
(805) 689-9339 |
Office Phone: |
(805) 456-3600 |
Agent Name: |
Steve Epstein |
Disclaimer: |
Copyright © 2024 North Santa Barbara County Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |