Active
Property 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.
Features
: No
: Wall Furnace
: No
: No
: No
: 22
: Uncovered
Address Map
U.S.
California
Santa Barbara
Santa Barbara
93101
427 W Islay Street
0
W120° 16' 58.6''
N34° 25' 25.2''
MLS Addon
$0
7,088 Sqft
: No
: No
5.46
0
Exit HWY 101 N at Mission St, right on Mission St, right on Castillo St, right on W Islay St.
: No
2
Residential Income For Sale Santa Barbara
427 W Islay Street, Santa Barbara, Santa Barbara, California, 93101
7,088 Sqft
Visits : 2 in 10 days
$7,395,000
Listing ID #24435575
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : 24435575
Price : $7,395,000
Square Footage : 7,088 Sqft
Lot Area : 16,117 Acre
Status : Active
Agent info
Damian M. Ramirez
- View website
- (714) 292-7224
- (714) 292-7224
- (800) 243-0149
- 01974515
- 1213238
- PWDAMRA
Broker
A level-headed and composed professional.Â
Combat veteran and experienced CEO with the ability to train and motivate staff to meet challenging performance targets and consistently satisfy clients with high-quality service.
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