Active

1924 San Pascual Street

Santa Barbara CA, 93101

$4,950,000


Active

Residential

Built in 1964

Listed by Randy Freed with Berkshire Hathaway HomeServices California Properties (805) 687-2666

Enjoy the benefits of a short-term typical investor return for the area, while working to realize significant long-term upside (5%-6%+ cap rate) which may be attainable for this central Santa Barbara multi-family asset. The location is a few blocks to Cottage Hospital, and within 1-2 miles of several other major employment centers and the signature Santa Barbara amenities of downtown restaurants/retail, the Theater/Arts district, the waterfront/beaches, and Santa Barbara City College. Along with close proximity to freeway access and artery streets allowing tenants ease-of-access, these factors combine to generate unmatched tenant demand. Recent upgrades include a brand-new roof and sewer lateral improvements. See Offering Memorandum in Documents.

V1-23995

MLS ID

June 7, 2024

Listed

July 14, 2024

Updated

Map

1924 San Pascual Street
Santa Barbara CA, 93101

Interior Features

Total Stories

2


Appliances

Gas Cooktop, Gas Oven, Refrigerator


Laundry Description

Common Area


Fireplace

No


Fireplace Description

None


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Floor Furnace

Exterior/Building Features

Lot Size

0.41 Acres


Lot Features

Sprinklers None


Architectual Style

Contemporary


Roof

Composition

Other Property Details

Area Name

VC81 - Santa Barbara


Days on Market

34


Garage

No


Parking

Assigned, Asphalt


Parking Total

16


View

Yes


View Description

Mountain(s)


County

Santa Barbara


Water Source

Public


Pool

No


Pool Features

None

Listing History

Date

Event

Price

7/9/2024

Price Change

$4,950,000

-6%

Listing Contact: (805) 687-2666 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 7/14/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 7/14/2024 at 7:33 AM UTC

 

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