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419 W Islay Street, SANTA BARBARA, CA 93101

$2,900,000
Property Type: Res Inc Lot Size (sq. ft.): 11,326 Status: Closed
Current Price: $2,900,000 List Date: 4/24/2024 Last Modified: 9/15/2024

Overview

Description

8 units for sale, approximately 5600 sq/ft building on a 11,250 sq/ft lot, on-site laundry room. Features (4) 2 bedroom units and (4) 1 bedroom units. Current rents below market. Convenient location for tenants with easy access to downtown, shopping, and Hwy 101. Excellent opportunity for an investor to purchase a bread and butter 8 unit apartment in Santa Barbara.

Listing Details MLS# 24-1289

Location Info

District
20 - SB/WEST OF STATE
Street #
419
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
027-081-004
Cross Street
Castillo

Contract Info

Price
3125000
Buyers Agent $/%
2.5
Begin Date
2024-04-24

Status Information

Sold Date
2024-07-17
Under Contract Date
2024-06-07

Property Information

Number of Units
8
Year Built
1964
Apx # Acres
0.26
Recurring Fees
No

Remarks

Hot Sheet Comment
new

Owner Info

Deposit
3

More Information

Unit 1

# Units
8
# Bedrooms
12
# Baths
8
Furnished
N
Rent
16700
Monthly Total
16700
# Half Baths
0

Neighborhood/Schools

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

Proximity

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

Laundry

Laundry Room
Yes

Zoning

R-4
Yes

Reports Available

Prelim
Yes
Other
Yes

Terms

Cash
Yes
Conventional
Yes

Listing Type

ER
Yes

Parking Info

Outside
Yes

Property Features

Parking Info: Outside Proximity: Near Bus; Near Hospital; Near Park(s); Near School(s); Near Shopping Laundry: Laundry Room Zoning: R-4 Reports Available: Prelim; Other Terms: Cash; Conventional Listing Type: ER
IDX
Listing Office: Santa Barbara Brokers, Inc.
Last Updated: September - 15 - 2024
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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