Property Detail

1924 San Pascual

Santa Barbara CA 93101

$4,895,000

Status: Active

Property Details

Description

Enjoy the benefits of a short-term typical investor return for the area, while working to realize significant long-term upside (5%-6%+ cap rate) which may be attainable for this central Santa Barbara multi-family asset. The location is a few blocks to Cottage Hospital, and within 1-2 miles of several other major employment centers and the signature Santa Barbara amenities of downtown restaurants/retail, the Theater/Arts district, the waterfront/beaches, and Santa Barbara City College. Along with close proximity to freeway access and artery streets allowing tenants ease-of-access, these factors combine to generate unmatched tenant demand. Recent upgrades include a brand-new roof and sewer lateral improvements. See Offering Memorandum in Documents.

Map Location

Listing provided courtesy of Randy Freed of Berkshire Hathaway HomeServices California Properties. Last updated 2024-11-29 09:11:24.000000. Listing information © 2024 CRMLS.

Linda Lederer Bernstein

Linda Lederer Bernstein

DRE #1527365
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