427 W Islay Street
Santa Barbara , CA 93101
MLS#: 24435575
$6,995,000
Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
None
Sq.Footage
7,088
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.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
NO
-
Cooling
N/A
-
Heating YN
YES
-
Heating
Wall Furnace
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Pool
No
Area & Lot
-
Lot Size(acres)
0.37
-
Property Type
Residential Income
Price
-
Sales Price
$6,995,000
-
Sq. Footage
7, 088
-
Price/SqFt
$986
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
2
-
Senior Community YN
NO
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Location
County
Santa Barbara
Elementary School
Middle School
High School
Listing Courtesy of Stephen Epstein , Keller Williams Realty Santa Barbara
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