$ 4,895,000
1924 San Pascual Street Santa Barbara, CA 93101
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Listed by Randy Freed • Berkshire Hathaway HomeServices California Properties
$ 4,895,000
Est. payment | /mo
17,859 SqFt
$ 4,895,000
Est. payment | /mo
17,859 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 17,859 sqft
Price per Sqft $274
MLS Listing ID CRV1-23995
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1964
Lot Size 0.410 Acres
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
Interior
Heating Floor Furnace
Cooling None
Fireplace No
Laundry Community Facility
Exterior
View Mountain(s)
Building
Lot Description Other
Water Public
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