427 W Islay Street , Santa Barbara, CA 93101
Santa Barbara, CA 93101
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.
Details
| Mls | 24435575 |
|---|---|
| Listing Type | For Sale |
| Subtype | Resale |
| Status | Pending |
| Days On Site | 94 |
| Listing Provided By | Keller Williams Realty Santa Barbara 805-456-3600 | Stephen Epstein |
Features
| Baths | 22 |
|---|---|
| Sq Feet | 7,088 |
| Storys | 2 |
| Units | 22 |
| Buildings | 1 |
| Zoning | R-4 |
| Acreage | 0.37 |
Market Activity 93101
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Learn More About This Property
| State | CA |
|---|---|
| County | Santa Barbara |
| City | Santa Barbara |
| Zip Code | 93101 |
| Area | VC81 Santa Barbara |
| Listing VS Median (in 93101) | |
Price: $6,995,000 low | high Med: $2,487,000 SqFt: 7,088 low | high Med: 1,918 $ / SqFt: $987 low | high Med: $1,298 On Site: 94 low | high Med: 35.000000 | |
