Pending
427 W Islay Street
SANTA BARBARA CA, 93101
$6,995,000
Pending
1 Bed
2 Baths
Residential
Built in 1968
Courtesy of Steve Epstein, Keller Williams Realty Santa Barbara
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 percent, 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.
24-2981
MLSⓇ ID
September 9, 2024
Listed
November 22, 2024
Updated
Map
427 W Islay Street
SANTA BARBARA CA, 93101
Interior Features
Bedrooms
1
Total Bathrooms
2
Full Bathrooms
2
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.37 Acres
Lot Features
Near Public Transit
School Information
High School
S.B. Sr.
Elementary School
Peabody
Other Property Details
Area Name
20 - SB/WEST OF STATE
Days on Market
43
Garage
No
View
No
County
Santa Barbara
Pool
No
Zoning
R-4
Listing History
Date | Event | Price |
|---|---|---|
10/22/2024 | Pending | — |
10/10/2024 | Price change | $6,995,000 -6% |
Listed by Keller Williams Realty Santa Barbara, Steve Epstein,
Listing Contact: [email protected]
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Data last updated 2:28 PM UTC, 11/22/2024
