$4,790,000

1924 San Pascual Street, SANTA BARBARA CA, 93101

Price per sqftN/A

Built in1964

Property typeResidential

Courtesy of Randy Freed & Kellie Clenet, Berkshire Hathaway HomeServices California Properties

Overview

Sold

Closed

Listed Nov 9, 2024

Updated Jun 10

Prime investment opportunity with this centrally located, 14-unit multi-family property, just blocks from Cottage Hospital and close to downtown Santa Barbara's employment hubs, dining, shopping, and beaches. The 2-story building offers two 2-bed/1-bath and twelve 1-bed/1-bath apartments, all with easy access to major transit routes. Recent enhancements include a new roof, resurfaced driveway, updated parking, and sewer upgrades, contributing to strong tenant appeal. Achieve steady returns with significant long-term upside potential (5-6%+ cap rate possible). Offering Memorandum available in Documents; inspections upon request.

Additional information

MLS^® ID: 24-1428

Interior Features

Bedrooms: 3
Bathrooms: 3
Basement: No

Exterior Features

Lot Size: 0.41 Acres

Other Property Details

Maintenance Expense: $19,232

Also listed on CRMLS

Listed by Berkshire Hathaway HomeServices California Properties, Randy Freed & Kellie Clenet,
Listing Contact: [email protected]

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Data last updated 7:02 PM UTC, 6/10/2026