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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

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.

More Information MLS# 25-2729

Location Info

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

Property Information

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

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

Condition

Good: 1

Proximity

Near Bus: 1 Near Hospital: 1 Near Ocean: 1 Near Park(s): 1 Near School(s): 1 Near Shopping: 1

Unit 1

# Units: 5 # Bedrooms: 1 # Baths: 1 # Half Baths: 0 Furnished: N Rent: 11655 Monthly Total: 11655

Income/Expenses

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

Unit 2

# Units: 2 # Bedrooms: 2 # Baths: 1 # Half Baths: 0 Furnished: N Rent: 6625

Zoning

R-2: 1

Reports Available

Prelim: 1

Terms

Cash: 1 Conventional: 1

Listing Type

ER: 1

Parking Info

Garage: 1

Contract Info

Current Price: $2,950,000 Price: 2950000 Begin Date: 2025-07-16 Status: Closed

Status Information

Sold Date: 2025-11-18 Sold Price: $2,950,000 Under Contract Date: 2025-08-05

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
Listing Office: Radius Group Commercial R.E.
IDX
Last Updated: November - 19 - 2025
The data relating to real estate for sale on this web site comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. Real estate listings held by brokerage firms other than the displaying broker(s) are marked with the 'MLS' logo and detailed information about them includes the name of the listing brokers. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor displaying broker shall be responsible for any typographical errors, misinformation, or misprints. 2015 Santa Barbara Multiple Listing Service. All rights reserved.

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