Located in the heart of downtown Santa Barbara, this multifamily investment property presents a rare opportunity, featuring a mix of newly constructed and renovated buildings. Three of the six units were built from the ground up between 2023 and 2024, while the remaining three have been extensively improved, all with… Read More market rents in place. Offered at a current 5.47% cap rate and a GRM of 12.71, the property is ideal for investors seeking a more passive investment. Tenants enjoy exceptional walkability, with a Walk Score of 94 and a Bike Score of 99, providing easy access to Santa Barbara's most exciting destinations including Arnoldi's, Santa Barbara's iconic Italian restaurant and the emerging Haley corridor. Total current monthly income is $25,650. Read Less
Property listed by Beachside Partners, Jonathan Standring [email protected]
Listing Snapshot
Days Online
293
Last Updated
Property Type
Other
Lot Size
0.23 Acres
Year Built
2024
MLS Number
V1-27351
30 Days Snapshot Of 93101
$2.92M
+59%
(avg) sold price
2
-33%
homes sold
79
+3%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 2024, Building area total: 6,000, Levels: MultiSplit, 4 buildings, Architectural style: , Attached, Common walls: OneCommonWall, NoOneAbove, NoOneBelow
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Confirm your time
Fill in your details and we will contact you to confirm a time.
