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Home Sale Pending
427 W Islay Street
Santa Barbara, California 93101
Santa Barbara CountyCommunity:
$6,995,000
22 br, 22.0 bath
7088 sq. ft.
0.370 acres
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.
Interior:
- Bedrooms: 22
- Baths: 22.0
- Sq Ft: 7088
- Year Built: 1960
- Utilities:
- Fireplaces:
- Stories:
- Heat/AC:
- Garage:
Exterior:
- Lot Size: 0.370 acre
- Lot Dimensions:
- View Types:
- Yard:
- Siding:
- Roof: Flat
- MLS #: 24001777
Contact Information:
Listing Agent: Steve Epstein, Keller Williams Realty Santa Barbara, 805-689-9339, 805-456-3600
Listing Site, Listing Status: Pending
Copyright © 2024 Santa Maria Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Copyright © 2024 Santa Maria Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ad Number: 5354944
Viewed 40 times.
Updated: Oct 10, 2024
