Pending
427 W Islay Street
Santa Barbara CA, 93101
$6,995,000
$986.88 per sqft
Pending
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
November 22, 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
42
Garage
No
View
No
County
Santa Barbara
Pool
No
Listing History
Date | Event | Price |
|---|---|---|
10/22/2024 | Pending | — |
10/10/2024 | Price change | $6,995,000 -6% |
Listed by Keller Williams Santa Barbara, Steve Epstein,
Listing Contact: 8054563600
© 2024 by the following Associations of REALTORS®: Lompoc Valley, Santa Maria and Santa Ynez Valley. All Rights Reserved.
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