427 W Islay Street

Santa Barbara, CA 93101

  • 0 Bed(s)
  • 0 Bath(s)
  • 7,088 Sqft
  • 16117
    Sqft(Lot)
$6,995,000

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.

  • Property Type

    Residential Income

  • County

    Santa Barbara

  • Style

    Residential Income

  • AD ID

    46881154

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Property Details

  • Bedroom Information

    • Total Bedrooms : 0

    Bathroom Information

    • Total Baths: 22
    • Full Baths: 0
    • Half Baths: 0

    Interior Features

    • Property Appliances: Refrigerator

    Cooling Features

    • None
    • Air Conditioning

    Heating Source

    • Wall Furnace
    • Has Heating

  • Building Information

    • Building Area Total: 7,088

    Laundry Features

    • Common Area

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.37
    • Lot Size Source: Vendor Enhanced
    • Lot Size Square Feet: 16117

  • Listing Price Information

    • Original List Price: 6,995,000
    • Listing Contract Date: 2024-09-09

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 027081021

  • Garage and Parking

    • Garage Description: Uncovered

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Pending
    • Source Neighborhood: VC81 - Santa Barbara
    • Directions: Exit HWY 101 N at Mission St, right on Mission St, right on Castillo St, right on W Islay St.
    • Zoning: R-4
    • Source Property Type: Residential Income
    • Area: VC81 - Santa Barbara

    Building and Construction

    • Year Built Source: Vendor Enhanced
    • Total Square Feet Living: 7088
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 02/23/2025 @ 03:15

  • MLS: 24435575
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is recently sold, it has 7,088 sqft, 16,117 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Santa Barbara , in zip code 93101, this Santa Barbara County Home are nearby neighborhoods.