15 W Islay Street, SANTA BARBARA, CA 93101
$2,210,000
Property Type:
Res Inc
Square Footage:
3,453
Lot Size (sq. ft.):
7,405
Status:
Closed
Current Price:
$2,210,000
List Date:
9/02/2025
Last Modified:
10/31/2025
Description
Opportunity to Own a Prime SB Multi-Family Asset w/ Major Upgrades & Future Value-Add Potential. 15 W. Islay St. features a 1920s duplex w/ (2) 1BD/1BA units & a 1963 triplex w/ (1) 2BD/1BA + (2) 1BD/1BA units, w/ upstairs tenants enjoying a shared balcony. Ideally located between Downtown & Upper State, residents benefit from easy freeway access & nearby shopping, dining & entertainment. Substantial recent upgrades provide a well-maintained asset in a strong rental market. Added value exists through rental upside & the City's ADU program. Current ownership has submitted plans to convert the carport into a Jr. ADU, plus potential for 2 detached ADUs at the rear.
More Information MLS# 25-3289
Location Info
Country: US
Compass Map: Santa Barbara
Map Grid: O12
Cross Street: State Street
District: 20 - SB/WEST OF STATE
Street #: 15
Dir: W
Street Name: Islay
Street Suffix: Street
State: CA
Postal Code: 93101
County: Santa Barbara
Parcel Number: 027-101-006
Property Information
Year Built: 1920
Apx Lot SqFt: 7405
Main House SqFt: 3453
Recurring Fees: No
Number of Units: 5
Neighborhood/Schools
Elementary School: Peabody
Junior High School: S.B. Jr.
High School: S.B. Sr.
Owner Info
Deposit: 3
Remarks
Hot Sheet Comment: new
Proximity
Near Bus: 1
Near Hospital: 1
Near Ocean: 1
Near Park(s): 1
Near School(s): 1
Near Shopping: 1
Unit 1
# Units: 4
# Bedrooms: 1
# Baths: 1
# Half Baths: 0
Furnished: N
Rent: 8805
Monthly Total: 8805
Income/Expenses
Total Monthly Income: 11765
Annual Income: 141180
NOI: 77345
Unit 2
# Units: 1
# Bedrooms: 2
# Baths: 1
Monthly Total: 2960
Zoning
Other: 1
Reports Available
Prelim: 1
Terms
Cash: 1
Conventional: 1
Listing Type
ER: 1
Parking Info
Carport: 1
Outside: 1
Pub Listing Details
None: 1
Contract Info
Current Price: $2,210,000
Price: 2295000
Begin Date: 2025-09-02
Status: Closed
Status Information
Sold Date: 2025-10-31
Sold Price: $2,210,000
Under Contract Date: 2025-09-12
Property Features
Parking Info: Carport; Carport; Outside
Proximity: Near Bus; Near Hospital; Near Ocean; Near Park(s); Near School(s); Near Shopping
Zoning: Other
Reports Available: Prelim
Terms: Cash; Conventional
Listing Type: ER
Pub Listing Details: None
Listing Office:
Radius Group Commercial R.E.
Last Updated: October - 31 - 2025
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