Sold
Closed
1924 San Pascual Street
Santa Barbara CA, 93101
$4,790,000
Sold
Closed
Residential
Built in 1964
Listed by Randy Freed with Berkshire Hathaway HomeServices California Properties (805) 895-1799
Enjoy the benefits of a short-term typical investor return for the area, while working to realize significant long-term upside (5%-6%+ cap rate) which may be attainable for this central Santa Barbara multi-family asset. The location is a few blocks to Cottage Hospital, and within 1-2 miles of several other major employment centers and the signature Santa Barbara amenities of downtown restaurants/retail, the Theater/Arts district, the waterfront/beaches, and Santa Barbara City College. Along with close proximity to freeway access and artery streets allowing tenants ease-of-access, these factors combine to generate unmatched tenant demand. Recent upgrades include a brand-new roof and sewer lateral improvements. See Offering Memorandum in Documents.
V1-23995
MLSⓇ ID
June 7, 2024
Listed
December 5, 2024
Updated
Map
1924 San Pascual Street
Santa Barbara CA, 93101
Interior Features
Total Stories
2
Appliances
Gas Cooktop, Gas Oven, Refrigerator
Laundry Description
Common Area
Fireplace
No
Fireplace Description
None
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Floor Furnace
Exterior/Building Features
Lot Size
0.41 Acres
Lot Features
Sprinklers None
Architectual Style
Contemporary
Roof
Composition
Other Property Details
Area Name
VC81 - Santa Barbara
Days on Market
161
Garage
No
Parking
Assigned, Asphalt
Parking Total
16
View
Yes
View Description
Mountain(s)
County
Santa Barbara
Water Source
Public
Pool
No
Pool Features
None
Listing History
Date | Event | Price |
|---|---|---|
12/4/2024 | Sold | $4,790,000 |
11/9/2024 | Price change | $4,895,000 -2% |
7/9/2024 | Price change | $4,950,000 -6% |
Listing Contact: (805) 687-2666
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 12/5/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 12/5/2024 at 1:40 PM UTC