Pending

1514-1520 Garden Street

SANTA BARBARA CA, 93101

$7,600,000


Pending

13 Beds

12.5 Baths

Residential

Courtesy of Steven J Golis, Radius Group Commercial R.E.

11 UNITS ON 2 PARCELS WITH 5.21% CAP RATE - Tucked away in the picturesque heart of downtown Santa Barbara, 1514/1520 Garden St. presents a rare and highly coveted investment opportunity. Units consist of (1) 7 bed/5.5 bath house, (1) 3 bed/3 bath ADU, (2) 2 bed/2 bath ADUs, (6) 1 bed/1bath units and (1) studio. Both original structures have been designated as a Structure of Merit by the Historic Landmarks Commission, however, each unique unit has been extensively remodeled with high-quality finishes and new appliances. The exterior of the property is equipped with new 40-year roofs and solar panels, ensuring hassle-free maintenance for years to come. Tenants enjoy the ease of off-street parking and washer/dryers in each unit.

24-405

MLS ID

February 7, 2024

Listed

February 16, 2024

Updated

Map

1514-1520 Garden Street
SANTA BARBARA CA, 93101

Interior Features

Bedrooms

13 Beds


Bathrooms

12.5 Baths


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Features

Near Public Transit

School Information

High School

S.B. Sr.


Elementary School

Roosevelt

Other Property Details

Area Name

15 - SB/EAST OF STATE


Garage

No


View

No


County

Santa Barbara


Pool

No


Zoning

Other


Buyer Agency Compensation

2%

Listing History

Date

Event

Price

2/12/2024

Pending

Listed by Radius Group Commercial R.E., Steven J Golis,
Listing Contact:  

This information is being provided for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that you may be interested in purchasing. Data relating to real estate for sale on this Website comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. All information is deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither the Santa Barbara Multiple Listing Service, the listing broker(s), the owner of this site, nor Luxury Presence shall be responsible for any typographical errors, misinformation, or misprints.

©2024 Santa Barbara Association of REALTORS. All rights reserved.

Data last updated 3:10 AM UTC, 2/16/2024

Powered byLuxury Presence