427 West Islay Street
$6,995,000
1
2
—
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Pending
Description
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...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.
- Listed by Steve Epstein • DRE #00994429 • Keller Williams Realty Santa Barbara
- Listed by The Epstein Partners • DRE #00994429 • Keller Williams Realty Santa Barbara
Property Details for 427 West Islay Street
MLS Neighborhood
15 or 20 - Downtown
ZoningR-4
Zoning:R-4Yes
Location Info:Cross StreetCastillo St
Property Information:Recurring FeesNo
LISTING UPDATED: 10/22/2024 03:41 PM
Property Details for 427 West Islay Street
Status | Pending |
---|---|
MLS # | 24-2981 |
Days on Market | 43 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1968 |
Lot Size | 0.37 AC / 16,117 SF |
County | Santa Barbara County |
Building Information for 427 West Islay Street
Stories-Residences22Year Built1968Building Size-Lot Size0.37 AC / 16,117 SF
Property Information for 427 West Islay Street
Property History for 427 West Islay Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 427 West Islay Street
Taxable ValueLand$1,400,000Additions$2,960,000Total$4,360,000
Tax Record2024$46,154 ($3,846 / month)
Home Facts
Lot Size16,117 SqFtStyleMulti-Family Res (5+ Units)CountySANTA BARBARAAPN027-081-021
Schools near 427 West Islay 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 - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Santa Barbara Community Academy PublicK to 6 | ||
Santa Barbara Junior High School Public7 to 8 | ||
Santa Barbara Senior High School Public9 to 12 | ||
La Cuesta Continuation High School Public9 to 12 |
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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