427 W Islay Street, Santa Barbara CA, 93101

Active

427 W Islay Street

Santa Barbara CA, 93101

$7,395,000

$1,043.31 per sqft

Active

22 Beds

22 Baths

7,088 sqft

Multi-family

Built in 1960

Courtesy of Steve Epstein, Keller Williams Santa Barbara

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.

24001777

MLSⓇ ID

September 9, 2024

Listed

October 1, 2024

Updated

Map

427 W Islay Street
Santa Barbara CA, 93101

Interior Features

Bedrooms: 22
Total Bathrooms: 22
Full Bathrooms: 22
Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 0.37 Acres

Other Property Details

Area Name: 99 - Out of Area
Days on Market: 8
Garage: No
View: No
County: Santa Barbara
Pool: No

Listed by Keller Williams Santa Barbara, Steve Epstein,
Listing Contact: 8054563600

The data relating to real estate for sale on this web site comes in part from the CA - North Santa Barbara County Regional MLS (NSBCRMLS). Real estate listings held by brokerage firms other than Calcagno & Hamilton are marked with the IDX logo and detailed information about them includes the name of the listing brokers. We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. It may be subject to transcription and transmission errors. Accordingly, the data is provided on an 'as is' 'as available' basis only and may not reflect all real estate activity in the market.

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