1924 San Pascual Street Santa Barbara, CA 93101
Listing Courtesy of: CRMLS / Berkshire Hathaway Homeservices California Properties / Randy Freed

  1924 San Pascual Street Santa Barbara, CA 93101

Active (92 Days)

Description

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.

MLS #:
V1-23995
Lot Size
0.41 acres
Type
Multifamily
Year Built
1964
Style
Contemporary
Views
Mountain(s)
County
Santa Barbara County
Community
Not Applicable

Listed By

Randy Freed, Berkshire Hathaway Homeservices California Properties
Source
CRMLS
Last checked Sep 8 2024 at 3:54 AM PDT
Bathroom Details
Interior Features
  • Refrigerator
  • Gas Oven
  • Gas Cooktop
  • Laundry: Common Area
Subdivision
  • Not Applicable
Lot Information
  • Sprinklers None
Property Features
  • Foundation: Slab
Heating and Cooling
  • Floor Furnace
Exterior Features
  • Roof: Composition
Utility Information
  • Utilities: Water Source: Public
Parking
  • Assigned
  • Asphalt
Stories
  • 2
Location
   
Calculate drive times to this property
 
Powered by INRIX® Drive Time

Powered by Walk Score®

Listing Price History

Date
Event
Price
% Change
$ (+/-)
Jul 09, 2024
Price Changed
$4,950,000
-6%
-300,000
Jun 07, 2024
Original Price
$5,250,000
-
-

Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
%
Interest rate
%
Mortgage calculator estimates are provided by Windermere Real Estate and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Based on information from California Regional Multiple Listing Service, Inc. as of 2/22/23 10:28 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable.