Homes for sale - 1924 San Pascual ST, Santa Barbara, CA 93101

Michelle Butler

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$ 4,790,000

$ 4,895,000 2.1%

Est. payment -/mo

Sold on 11/26/2024

1924 San Pascual ST Santa Barbara, CA 93101

0.41 Acres Lot

UPDATED:

Key Details

Sold Price $4,790,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID V1-23995

Sold Date 11/26/24

HOA Y/N No

Year Built 1964

Lot Size 0.410 Acres

Property 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.

Location

State CA

County Santa Barbara

Area Vc81 - Santa Barbara

Interior

Heating Floor Furnace

Cooling None

Fireplaces Type None

Fireplace No

Appliance Gas Cooktop, Gas Oven, Refrigerator

Laundry Common Area

Exterior

Parking Features Assigned, Asphalt

Fence None

Pool None

Community Features Curbs

View Y/N Yes

View Mountain(s)

Roof Type Composition

Total Parking Spaces 16

Private Pool No

Building

Lot Description Sprinklers None

Story Two

Entry Level Two

Foundation Slab

Water Public

Architectural Style Contemporary

Level or Stories Two

Others

Senior Community No

Tax ID 043132013

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Seller Financing

Special Listing Condition Real Estate Owned

Listed by Randy Freed • Berkshire Hathaway HomeServices California Properties
Bought with Non Member • Unknown Agency

Michelle Butler

+1(310) 770-7330

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