Sold
Closed
323 W Islay Street
Santa Barbara CA, 93101
$2,480,000
$738.10 per sqft
Sold
Closed
7 Beds
6 Baths
3,360 sqft
Residential
Built in 1962
Listed by Stephen Epstein with Keller Williams Realty Santa Barbara 805-689-9339
Introducing Casa Napoli, a meticulously cared for and recently updated 5-unit apartment building nestled in the vibrant heart of Downtown Santa Barbara. Owned by the same family for nearly 50 years, this property exudes pride of ownership. Offering a spacious 3-bedroom, 2-bathroom unit as well as four 1-bedroom, 1-bathroom units totaling 3,360sq.ft., Casa Napoli offers versatile living spaces to suit a variety of lifestyles. Tenant amenities include both covered and uncovered parking for residents, as well as a convenient coin-operated community laundry room. A low maintenance asset with recent upgrades to the property including a brand-new roof over both the building and carport, ABS plastic sewer line, modernized plumbing and electrical systems, dual pane windows, and an extensive interior renovation throughout all units. A rare opportunity to own one of Santa Barbaras sought after apartment buildings! Current rents total $147,000 annually (4.22% cap). Total market rents are projected to be $190,800 annually (5.92% cap). Upon request, the offering memorandum, title report, natural hazards disclosure, reports/inspections and seller disclosures can be provided. Showings will be May 15th and 22nd by appointment only.
24383471
MLSⓇ ID
April 29, 2024
Listed
October 1, 2024
Updated
Map
323 W Islay Street
Santa Barbara CA, 93101
Interior Features
Total Stories
2
Bedrooms
7
Total Bathrooms
6
Appliances
Gas Range, Microwave, Refrigerator, Dryer, Washer
Laundry Description
Common Area
Floor Description
Carpet, Tile
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Forced Air, Wall Furnace
Exterior/Building Features
Lot Size
0.15 Acres
Other Property Details
Area Name
VC81 - Santa Barbara
Days on Market
26
Garage
No
Parking
Covered, Uncovered
Parking Total
6
View
No
County
Santa Barbara
Pool
No
Zoning
R-4
Listing History
Date | Event | Price |
---|---|---|
7/12/2024 | Sold | $2,480,000 |
5/28/2024 | Pending | — |
5/10/2024 | Price change | $2,500,000 -14% |
Listing Contact: 805-456-3600
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/1/2024. 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.
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Data last updated on 10/1/2024 at 9:57 PM UTC