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.
Sold for $4,790,000 on 11/26/24
$4,790,000
1924 San Pascual St, Santa Barbara, CA 93101
--beds
0baths
--sqft
Multi Family
Built in 1964
-- sqft lot
$4,833,400 Zestimate®
$--/sqft
$2,920 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: November 26, 2024 at 03:48pm
Listed by:
Randy Freed & Kellie Clenet 805-895-1799,
Berkshire Hathaway HomeServices California Properties,
Ken Switzer 01245644 805-680-4622,
Berkshire Hathaway HomeServices California Properties
Bought with:
Ken Switzer, 01245644
Berkshire Hathaway HomeServices California Properties
Source: SBMLS,MLS#: 24-1428

Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Appliances
- Laundry: Laundry Room
Features
- Has fireplace: No
Property
Parking
- Total spaces: 15
- Parking features: Open
- Uncovered spaces: 15
Features
- Stories: 2
Lot
- Size: 0.41 Acres
- Features: Near Public Transit
Details
- Parcel number: 043132013
- Zoning: R-3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Foundation: Slab
Condition
- Good
- Year built: 1964
Community & neighborhood
Location
- Region: Santa Barbara
HOA & financial
Other financial information
- Total actual rent: 29292
Other
Other facts
- Listing terms: Cash,Ctnl