427 W Islay Street
Santa Barbara, CA 93101
7088 sqft | 0.37 acres | #24435575
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, 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.
Property Details
- Stories2
Measurements
- Acres0.37
- Square Feet7088
Construction Details
- Property TypeMulti-Family
Community and Neighborhood Details
- CountySanta Barbara
Financial Details
- Original List Price$7,395,000
Other
- MLS #24435575
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Stephen Epstein (#CLW-C129556)
Listing Office: Keller Williams Realty Santa Barbara (#CLW-X80678)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
