427 W Islay Street, Santa Barbara, CA 93101
22
22|Other
THB ฿242,060,226
USD $6,995,000
Published on: 10 Sep 2024
Last updated on: 09 Nov 2024
Property ID: 110094456336
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Multi-Family - Santa Barbara, CA
427 W Islay Street, Santa Barbara, CA 93101
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.
Property Details
Basic Info
Basic Info
Property Type
Other
Listing Status
Pending
Land Size
1,497.34 m2
Building Size
658.50 m2
Year Built
1960
Rooms
22 bedroom(s), 22 bathroom(s)
Architecture Style
Other
Building Unit Count
22
Franchise
Keller Williams Realty
County
Santa Barbara
Parcel ID
027-081-021
Provider
Keller Williams Realty Santa Barbara
Brokerage Office Name
Keller Williams Realty Santa Barbara
Brokerage Office Phone
(805) 456-3600
Address
427 W Islay Street, Santa Barbara, CA 93101
Contact Agent
Steve Epstein
Contact Agent
Contact Agent
Email enquiry to Keller Williams Santa Barbara
Steve Epstein
1503 Chapala St., Santa Barbara, CA 93101
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Property ID: 110094456336
Data provided by Keller Williams Realty Santa Barbara, MLS #: 24001777
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