1924 San Pascual Street, Santa Barbara, CA 93101
Property
Sold November 2024
Listing Agent: Randy Freed (DRE #00624274) · Listing Office: Berkshire Hathaway HomeServices California Properties · Contact: (805) 687-2666 · Bought with: Non Member · Unknown Agency · MLS #V1-23995 · Source: CRMLS
About this property
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.
Listing description from the November 2024 sale, as reported to CRMLS.
Sale history