19 W Padre Street, SANTA BARBARA, CA 93105 (MLS# 25-2729)

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19 W Padre Street, SANTA BARBARA, CA 93105

$2,950,000

Property Type: Res Inc Lot Size (sq. ft.): 13,504 Status: Closed

Current Price: $2,950,000 List Date: 7/16/2025 Last Modified: 11/19/2025

Overview

Description

First Time on the Market! Seller will not look at offers prior to July 30th. Nestled in the heart of Santa Barbara's desirable Oak Park neighborhood, 19 W. Padre Street presents a rare opportunity to own a well-maintained, character-rich multi-family property. This 7-unit complex comprises three distinct buildings, offering a mix of five 1-bedroom/1-bathroom units and two 2-bedroom/1-bathroom units, ideal for investors seeking stable, long-term rental income or those looking to live in one unit while renting out the others. The property's thoughtful layout across three buildings provides a sense of privacy and space for residents, enhancing the overall living experience. Two units to be delivered vacant. Unit F is currently unpermitted.

Listing Details MLS# 25-2729

Location Info

District: 20 - SB/WEST OF STATE
Street #: 19
Dir: W
Street Name: Padre
Street Suffix: Street
State: CA
Country: US
Postal Code: 93105
Compass Map: Santa Barbara
Map Grid: N11
County: Santa Barbara
Parcel Number: 025-311-026
Cross Street: State Street

Contract Info

Price: 2950000
Begin Date: 2025-07-16

Status Information

Sold Date: 2025-11-18
Under Contract Date: 2025-08-05

Property Information

Number of Units: 7
Year Built: 1940
Apx Lot SqFt: 13504
Recurring Fees: No

Remarks

Hot Sheet Comment: new

Owner Info

Deposit: 3

More Information

Unit 1

# Units: 5
# Bedrooms: Yes
# Baths: Yes
Furnished: N
Rent: 11655
Monthly Total: 11655
# Half Baths: 0

Unit 2

# Units: 2
# Bedrooms: 2
# Baths: Yes
Furnished: N
Rent: 6625
# Half Baths: 0

Neighborhood/Schools

Elementary School: Peabody
Junior High School: S.B. Jr.
High School: S.B. Sr.

Condition

Good: Yes

Proximity

Near Bus: Yes
Near Hospital: Yes
Near Ocean: Yes
Near Park(s): Yes
Near School(s): Yes
Near Shopping: Yes

Income/Expenses

Gross Rent Multiplr: 12.76
Capitalization Rate: 4.74
NOI: 132778

Zoning

R-2: Yes

Reports Available

Prelim: Yes

Terms

Cash: Yes
Conventional: Yes

Listing Type

ER: Yes

Parking Info

Garage: Yes

Property Features

Condition: Good Parking Info: Garage Proximity: Near Bus; Near Hospital; Near Ocean; Near Park(s); Near School(s); Near Shopping Zoning: R-2 Reports Available: Prelim Terms: Cash; Conventional Listing Type: ER

Documents

Preliminary Report ›

Listing Office: Radius Group Commercial R.E.

Last Updated: November - 19 - 2025

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