Located in the heart of downtown Santa Barbara, this multifamily investment property presents a rare opportunity, featuring a mix of newly constructed and renovated buildings. Three of the six units were built from the ground up between 2023 and 2024, while the remaining three have been extensively improved, all with market rents in place. Offered at a current 5.47% cap rate and a GRM of 12.71, the property is ideal for investors seeking a more passive investment. Tenants enjoy exceptional walkability, with a Walk Score of 94 and a Bike Score of 99, providing easy access to Santa Barbara's most exciting destinations including Arnoldi's, Santa Barbara's iconic Italian restaurant and the emerging Haley corridor. Total current monthly income is $25,650.
|
DAYS ON MARKET
|
15
|
LAST UPDATED
|
1/3/2025
|
|
TRACT
|
Not Applicable
|
YEAR BUILT
|
2024
|
|
COMMUNITY
|
Santa Barbara
|
COUNTY
|
Santa Barbara
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Residential Income
|
| AIR CONDITIONING |
Yes |
| AREA |
Santa Barbara |
| GARAGE |
None |
| HOA DUES |
0 |
| LOT |
10019 sq ft |
| LOT DESCRIPTION |
Near Park, Near Public Transit |
| PARKING |
None |
| POOL DESCRIPTION |
None |
| STORIES |
2 |
| SUBDIVISION |
Not Applicable |
| UTILITIES |
Electric: 220 Volts |
| VIEW DESCRIPTION |
None |
| ZONING |
C-M |
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Listed with Beachside Partners
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 1/17/25 6:56 AM PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2025.
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