CA > Santa Barbara
Santa Barbara, CA 93101,427 W Islay St
Santa Barbara, CA 93101,427 W Islay St
Santa Barbara, CA 93101,427 W Islay St
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Shawn Kormondy

Shawn Kormondy

+1(323) 638-7567
$6,995,000
Est. payment /mo
22 Baths
7,088 SqFt
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UPDATED:

10/22/2024 10:45 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 7,088 sqft

Price per Sqft $986

MLS Listing ID 24-435575

Lot Size 0.370 Acres

Acres 0.37

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.

Location

State CA

County Santa Barbara

Area Santa Barbara

Zoning R-4

Rooms

Other Rooms Shed(s)

Interior

Heating Wall

Cooling None

Equipment Range/Oven, Refrigerator

Laundry Community

Exterior

Garage Uncovered

Garage Spaces 22.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

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Listed by Keller Williams Realty Santa Barbara

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Shawn Kormondy

+1(323) 638-7567

Agent | License ID: 01451888

Agent License ID: 01451888

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