323 W Islay Street, SANTA BARBARA, CA 93101 (MLS# 24-1361)

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323 W Islay Street, SANTA BARBARA, CA 93101

$2,480,000

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Property Type: Res Bedrooms: 7 Baths: 6 Square Footage: 3,360 Lot Size (sq. ft.): 6,534 Status: Closed

Current Price: $2,480,000 List Date: 4/30/2024 Last Modified: 3/25/2025

Overview

Description

Recently updated 5-unit apartment building located in Downtown Santa Barbara. Owned by the same family for nearly 50 years, this property exudes pride of ownership. Offering a beautiful 3-bedroom, 2-bathroom unit (great owners' unit) as well as four 1-bedroom, 1-bathroom units totaling 3,360 sq. ft., Casa Napoli offers versatile living spaces to suit a variety of lifestyles. Tenant amenities include both covered and uncovered parking for residents, as well as a convenient coin-operated community laundry room. A low maintenance asset with recent upgrades to the property including a brand-new roof over both the building and carport, ABS plastic sewer line, modernized plumbing and electrical systems, dual pane windows, and extensive interior renovations throughout all units.

Supplements: Current rents are under market and total $147,000 annually. Total market rents are projected to be $190,800 annually. Upon request, the offering memorandum, title report, natural hazards disclosure, reports/inspections and seller disclosures can be provided. Showings will be May 15th and 22nd by appointment only. Do not disturb occupants.

Listing Details MLS# 24-1361

Location Info

District: 20 - SB/WEST OF STATE
Street #: 323
Dir: W
Street Name: Islay
Street Suffix: Street
State: CA
Country: US
Postal Code: 93101
Compass Map: Santa Barbara
Map Grid: N12
County: Santa Barbara
Parcel Number: 027-082-027
Cross Street: Bath Street

Contract Info

Price: 2500000
Buyers Agent $/%: 2.5
Affordable Housing: No
Begin Date: 2024-04-30

Status Information

Financing: CTNL
Sold Date: 2024-07-12
Under Contract Date: 2024-05-25

Property Information

TYP: Home/Estate
Total Bedrooms: 7
Total Bathrooms: 6
Total Full Baths: 6
Year Built: 1962
Total SqFt.: 3360
Source: Measured
Apx # Acres: 0.15
ADU: No
Within City Limits Y/N: Yes
Total # Units in Development: 5
Recurring Fees: No

NeighborhoodSchools

Neighborhood: 15 or 20 - Downtown

Remarks

Hot Sheet Comment: price

More Information

Owner Info

Deposit: 3

Neighborhood/Schools

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

Condition

Excellent: Yes

Construction

Two Story: Yes

Foundation

Slab: Yes

Parking/Garage

Total # Carport Spaces: 4
Total # Uncovered Spaces: 2

Proximity

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

Laundry

Coin Op: Yes

Appliances Included

Dryer: Yes
Electric Range: Yes
Gas Range: Yes
Microwave: Yes
Refrigerator: Yes
Washer: Yes

Fireplace(s)

LR: Yes

Security

Smoke Detector(s): Yes

Zoning

R-4: Yes
Other: Yes

Reports Available

TDS: Yes
Home Inspection: Yes
Pest Inspection: Yes
Prelim: Yes
NHD: Yes

Terms

Cash: Yes
Conventional: Yes

Heating

Forced Air: Yes
Wall Furnace: Yes

Flr/Wdw Coverings

Carpet: Yes
Tile: Yes
Laminate: Yes

Property Features

Condition: Excellent Construction: Two Story Foundation: Slab Proximity: Near Bus; Near Hospital; Near Ocean; Near Park(s); Near Shopping Laundry: Coin Op Appliances Included: Dryer; Electric Range; Gas Range; Microwave; Refrigerator; Washer Fireplace(s): LR Security: Smoke Detector(s) Heating: Forced Air; Wall Furnace Zoning: R-4; Other Reports Available: TDS; Home Inspection; Pest Inspection; Prelim; NHD Terms: Cash; Conventional

Documents

Preliminary Title Report ›

Natural Hazards Disclosure ›

Floor Plans ›

Listing Office: Keller Williams Realty Santa Barbara

Last Updated: March - 25 - 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.