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Lenore Wilkas

lenore.wilkas@engelvoelkers.com +1(760) 407-2100

$ 4,950,000

Est. payment -/mo

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Active

1924 San Pascual ST Santa Barbara, CA 93101

0.41 Acres Lot

UPDATED:

09/30/2024 06:30 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID V1-23995

HOA Y/N No

Year Built 1964

Lot Size 0.410 Acres

Acres 0.41

Property 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.

Location

State CA

County Santa Barbara

Area Vc81 - Santa Barbara

Rooms

Ensuite Laundry Common Area

Interior

Laundry Location Common Area

Heating Floor Furnace

Cooling None

Fireplaces Type None

Fireplace No

Appliance Gas Cooktop, Gas Oven, Refrigerator

Laundry Common Area

Exterior

Garage Assigned, Asphalt

Fence None

Pool None

Community Features Curbs

View Y/N Yes

View Mountain(s)

Roof Type Composition

Parking Type Assigned, Asphalt

Total Parking Spaces 16

Private Pool No

Building

Lot Description Sprinklers None

Story Two

Entry Level Two

Foundation Slab

Water Public

Architectural Style Contemporary

Level or Stories Two

Others

Senior Community No

Tax ID 043132013

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Real Estate Owned

Listed by Randy Freed • Berkshire Hathaway HomeServices California Properties

The Wilkas Group - Lenore & Alexander Wilkas

Real Estate Advisors | License ID: 01343201 & 01355442

+1(760) 407-2100

Lenore Wilkas

1924 San Pascual ST Santa Barbara, CA 93101

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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1924 San Pascual ST