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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

    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.

    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#: 24-1428MLS Logo

    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
    Services availability