$6,995,000
427 W Islay Street
Santa Barbara, CA, 93101
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, 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.
Property Details
Price:
$6,995,000
MLS #:
24435575
Status:
Pending
Baths:
0
Address:
427 W Islay Street
Type:
Residential Income
Neighborhood:
vc81santabarbara
City:
Santa Barbara
Listed Date:
Sep 9, 2024
State:
CA
ZIP:
93101
Lot Size:
16,117 sqft / 0.37 acres (approx)
Schools
Interior
Appliances
Refrigerator
Cooling
None
Heating
Wall Furnace
Exterior
Parking Features
Uncovered
Parking Spots
22.00
Stories Total
2
Financial
Get Out There, A Simply Outgoing Approach to Life. James Outland Jr. is one of those rare people who simply has an outgoing approach to life. No matter the activity… from dune buggy riding to skydiving to motorcycling to riding the local Pismo Beach waves… James Outland Jr. approaches life with a “just get out there and do it” kind of attitude. A zest for Life. James’ zest for life is obviously apparent in his many exciting hobbies. In his spare time, he loves riding dune buggies or hi…
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Courtesy of Keller Williams Realty Santa Barbara. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than James Outland include the name of the listing broker. Neither the listing company nor James Outland shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved. 427 W Islay Street
Santa Barbara, CA
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