509 Fig Avenue, Santa Barbara, CA 93101

About this property

6.82% Stabilized Cap Rate and $306,789 NOI. Location, location, location. With a WalkScore of 98, this is prime Santa Barbara real estate surrounded by shopping, restaurants, tourist attractions and situated perfectly between downtown and the ocean.Value-add apartments mix of 12 Studios and a triplex on 509 Fig Ave, and a duplex on 514 Chapala St. Ideal for value-add investor or developer, only 3 units are currently occupied by tenants; some units are already gutted. ***Please do not disturb the tenants or walk on property.*** Marketing Package is in the documents.

Listing description from the February 2023 sale, as reported to CRMLS.

Sale history

$5,150,000

Sold February 2023 · listed $4,500,000, on market December 2022 · MLS #22225357 · Source: CRMLS

Listing Agent: Seth Dailey · Listing Office: Cooperation Capital Group, Inc. · Contact: 805-914-3435 · Bought with: Jonathan Standring · Beachside Partners

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