1924 San Pascual Street

Santa Barbara, CA 93101

$4,895,000
Price
—
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
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per Sq. Ft.

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...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.
  1. Listed by Randy Freed • DRE #00624274 • Berkshire Hathaway HomeServices California Properties
  2. Listed by Ken Switzer • DRE #01245644 • Berkshire Hathaway Home Services California Properties

Property Details for 1924 San Pascual Street

Architectural Style
Contemporary
Subdivision Name
Not Applicable
Garage Spaces
.00
View
Mountain(s)
LISTING UPDATED: 11/11/2024 08:09 PM

Property Details for 1924 San Pascual Street

StatusActive
MLS #V1-23995
Days on Market172
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1964
Lot Size0.41 AC / 17,860 SF
CountySanta Barbara County

Building Information for 1924 San Pascual Street

Stories-Residences-Year Built1964Building Size-Lot Size0.41 AC / 17,860 SF

Property Information for 1924 San Pascual Street

Summary
Location and General Information
  • Community Features: Curbs
  • City: Santa Barbara
  • Directions: Multi family property located at the corner of Mission St. & San Pascual, in the Westside area of Santa Barbara
  • Area: VC81 - Santa Barbara
  • Postal Code Plus4: 4047
  • Unparsed Address: 1924 San Pascual Street, Santa Barbara, CA 93101
Parking
  • Parking Features: Asphalt, Assigned
Taxes and HOA Information
  • Association Fee: $.00
  • Professional Management Expense: $.00
  • Tax Other Annual Assessment Amount: $58,000.00
Virtual Tour
  • Videos Count: 0
Property
Lot Information
  • Lot Features: Sprinklers None
  • Lot Size Acres: .41
  • Lot Size Square Feet: 17,860.00
  • Lot Size Area: .41
  • Lot Size Units: Acres
  • Parcel Number: 043132013
  • Road Frontage Type: City Street
  • Property Type: Residential Income
Property and Assessments
  • Common Walls: Attached
  • Documents Count: 3
  • Property Attached: Yes
  • Year Built Source: Assessor
  • Senior Community: No
Utilities
  • Cooling: None
  • Cooling: No
  • Water Sewer Expense: $.00
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Stucco
  • Fencing: None
  • Foundation Details: Slab
  • Pool Features: None
  • Pool Private: No
  • Pool: No
  • Roof: Composition
  • Spa Features: None
  • Spa: No
Interior Features
  • Appliances: Gas Cooktop, Refrigerator, Gas Oven
  • Total Bathrooms: 0
  • Fireplace Features: None
  • Fireplace: No
  • Heating: Floor Furnace
  • Heating: Yes
  • Laundry Features: Community
  • View: Yes
  • Levels: Two
Multi Family
Multi-Family Information
  • Gross Scheduled Income: $339,504.00
  • Net Operating Income: $203,471.00
  • Electric Expense: $.00
  • Insurance Expense: $.00
  • Number Of Buildings: 1
  • Operating Expense: $136,033.00
  • Special Listing Conditions: Real Estate Owned
  • Trash Expense: $.00
Rental
Rental Information
  • Rent Control: No

Property History for 1924 San Pascual Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1924 San Pascual Street

Taxable ValueLand$3,500,000Additions$1,525,000Total$5,025,000
Tax Record2024$53,188 ($4,432 / month)
Home Facts
Lot Size17,859 SqFtStyleMulti-Family Res (5+ Units)CountySANTA BARBARAAPN043-132-013

Schools near 1924 San Pascual Street

This home is within Santa Barbara Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - K to 6
Rating
School
Distance
Adams Elementary School
PublicK to 6

La Cumbre Junior High School
Public7 to 8

San Marcos Senior High School
Public9 to 12

Santa Barbara Community Academy
PublicK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1924 San Pascual Street is a multi-family home for sale in Santa Barbara, CA 93101. This property was listed for sale on June 7, 2024 by Berkshire Hathaway HomeServices California Properties, it's currently listed at $4,895,000. It has been on the market for a total of 172 days and was last sold on November 26, 2024. This listing's school district is Santa Barbara Unified School District. Nearby schools include Adams Elementary School, La Cumbre Junior High School and San Marcos Senior High School. 1924 San Pascual Street is a 0-bed, 0-bath, multi-family home built in 1964.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Berkshire Hathaway HomeServices California Properties, Randy Freed, DRE #00624274; Berkshire Hathaway Home Services California Properties, Ken Switzer, DRE #01245644

Based on information from one of the following Multiple Listing Services: Santa Barbara MLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Santa Barbara MLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. 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. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.