427 W Islay St Pending Save Request In-Person Tour Request Virtual Tour
Santa Barbara,CA 93101
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Square Footage 7,088 sqft
Price per Sqft $986
MLS Listing ID 24-435575
Lot Size 0.370 Acres
Acres 0.37
Property Description
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.
Location
State CA
County Santa Barbara
Area Santa Barbara
Zoning R-4
Rooms
Other Rooms Shed(s)
Interior
Heating Wall
Cooling None
Equipment Range/Oven, Refrigerator
Laundry Community
Exterior
Parking Features Uncovered
Garage Spaces 22.0
Building
Story 2
Level or Stories Two
Others
Special Listing Condition Standard