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.
Property Type(s):
Residential Income
|
Last Updated
|
11/9/2024
|
Tract
|
Not Applicable
|
|
Year Built
|
1964
|
Community
|
Santa Barbara
|
|
County
|
Santa Barbara
|
Additional Details
| AIR |
None |
| APPLIANCES |
Gas Cooktop, Gas Oven, Refrigerator |
| AREA |
Santa Barbara |
| CONSTRUCTION |
Stucco |
| GARAGE |
Asphalt, Assigned |
| HEAT |
Floor Furnace |
| HOA DUES |
0 |
| LOT |
0.41 acre(s) |
| LOT DESCRIPTION |
Sprinklers None |
| PARKING |
Assigned,Asphalt |
| POOL DESCRIPTION |
None |
| STORIES |
2 |
| STYLE |
Contemporary |
| SUBDIVISION |
Not Applicable |
| VIEW |
Yes |
| VIEW DESCRIPTION |
Mountain(s) |
| WATER |
Public |
Location
Listed with Berkshire Hathaway HomeServices California Properties
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2024.
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