Two-story apartment building surrounding a courtyard with a large shade tree and outdoor staircases.
Courtesy of Randy Freed & Kellie Clenet, Berkshire Hathaway HomeServices California Properties
Sold

1924 San Pascual Street

1924 San Pascual Street, SANTA BARBARA, CA 93101

$4,790,000
Prime investment opportunity with this centrally located, 14-unit multi-family property, just blocks from Cottage Hospital and close to downtown Santa Barbara's employment hubs, dining, shopping, and beaches. The 2-story building offers two 2-bed/1-bath and twelve 1-bed/1-bath apartments, all with easy access to major transit routes. Recent enhancements include a new roof, resurfaced driveway, updated parking, and sewer upgrades, contributing to strong tenant appeal. Achieve steady returns with significant long-term upside potential (5-6%+ cap rate possible). Offering Memorandum available in Documents; inspections upon request.

3
beds

3
baths

0.41 Acres lot

Ken Switzer

Ken Switzer

Features & Amenities

Interior

  • total bedrooms3
  • Total bathrooms3
  • full bathrooms3
  • Laundry room Laundry Room

Area & Lot

  • Status Sold
  • Date Sold November 26, 2024
  • Lot Area0.41 Acres
  • MLS® ID24-1428
  • TypeResidential
  • YEAR BUILT1964
  • NeighborhoodSanta Barbara
  • Elementary SchoolHarding
  • Middle SchoolS.B. Jr.
  • High SchoolS.B. Sr.

Exterior

  • STORIES2
  • lot featuresNear Public Transit
  • parkingOutside
  • HEAT TYPEWall Furnace
  • SubstructureSlab

Financial

  • Sales Price$4,790,000
  • Maintenance Fee $19,232/mo
  • Zoning R-3

Santa Barbara

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