1924 San Pascual Street, SANTA BARBARA, CA 93101 (MLS# 24-1428)

1924 San Pascual Street, SANTA BARBARA, CA 93101

$4,790,000

Property Type: Res Inc Lot Size (sq. ft.): 17,860 Status: Closed

Current Price: $4,790,000 List Date: 11/09/2024 Last Modified: 11/26/2024

Overview

Description

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.

Listing Details MLS# 24-1428

Location Info

District: 20 - SB/WEST OF STATE
Street #: 1924
Street Name: San Pascual
Street Suffix: Street
State: CA
Country: US
Postal Code: 93101
Compass Map: Santa Barbara
Map Grid: N12
County: Santa Barbara
Parcel Nbr: 043-132-013
Cross Street: Mission St

Contract Info

Price: 4895000
Financing: Owner
Seller Consider Concessions: Yes
Begin Date: 2024-05-03

Status Information

Sold Date: 2024-11-26
Under Contract Date: 2024-11-15

Property Information

Number of Units: 14
Stories: 2
Year Built: 1964
Apx # Acres: 0.41
Recurring Fees: No

Remarks

Hot Sheet Comment: price

Owner Info

Deposit: 3

More Information

Miscellaneous

Parking Spaces: 15
# Refrigerators: 14
# Stoves: 14

Unit 1

# Units: 12
# Bedrooms: Yes
# Baths: Yes
Furnished: N
Rent: 1850
Monthly Total: 22249

Unit 2

# Units: 2
# Bedrooms: 2
# Baths: 2
Rent: 2707
Monthly Total: 5418

Parking Info

Total # Unconvered Spaces: 15

Property Features

Unit 2: Lease Condition: Good Foundation: Slab Parking Info: Outside Proximity: Near Bus; Near Hospital; Near Park(s); Near School(s); Near Shopping Laundry: Laundry Room Heating: Wall Owner Provides: Gas; Water; Trash Zoning: R-3 Reports Available: Home Inspection; Pest Inspection; Prelim; Roof Terms: Cash; Conventional Listing Type: ER Pub Listing Details: None

Documents

Offer Guidelines ›

Site Plan & Floor Plans ›

Listing Office: Berkshire Hathaway HomeServices California Properties

Last Updated: November - 26 - 2024

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