Active

427 W Islay Street

SANTA BARBARA CA, 93101

$7,395,000


Active

1 Bed

2 Baths

Residential

Built in 1968

Courtesy of Steve Epstein, Keller Williams Realty 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 percent, 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.

24-2981

MLS ID

September 9, 2024

Listed

October 1, 2024

Updated

Map

427 W Islay Street
SANTA BARBARA CA, 93101

Interior Features

Bedrooms

1


Total Bathrooms

2


Full Bathrooms

2


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.37 Acres


Lot Features

Near Public Transit

School Information

High School

S.B. Sr.


Elementary School

Peabody

Other Property Details

Area Name

20 - SB/WEST OF STATE


Days on Market

9


Garage

No


View

No


County

Santa Barbara


Pool

No


Zoning

R-4

Listed by Keller Williams Realty Santa Barbara, Steve Epstein,
Listing Contact: [email protected] 

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Data last updated 9:21 PM UTC, 10/1/2024

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