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
Documents
Listing Office:
Radius Group Commercial R.E.
Last Updated: November - 19 - 2025
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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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