427 W Islay Street Santa Barbara, CA 93101
Listing Courtesy of: CRMLS / Keller Williams Realty Santa Barbara / Stephen Epstein

  427 W Islay Street Santa Barbara, CA 93101

Active (36 Days)
$6,995,000
22
BATH
7,088
SQFT

Description

22 Units in the Heart of Santa Barbara. This is an incredible investment opportunity, ideally situated to take advantage of the city's robust rental market. This property features a mix of 1-bedroom, 1-bathroom apartments and cozy studios. A convenient common laundry facility adds to the property's appeal for tenants. Recent upgrades too numerous to mention. Ample off-street parking. Priced to deliver a cap rate of over 5, this investment offers both strong cash flow and potential for long-term appreciation. With its prime location near Cottage Hospital and the entire medical district, residents will enjoy easy access to Santa Barbara's dining, shopping, and entertainment, making this property a standout addition to any investor's portfolio.

MLS #:
24435575
Lot Size
0.37 acres
Type
Multifamily
County
Santa Barbara County

Listed By

Stephen Epstein, Keller Williams Realty Santa Barbara
Source
CRMLS
Last checked Oct 15 2024 at 11:49 PM GMT+0000
Bathroom Details
Interior Features
  • Refrigerator
  • Laundry: Common Area
Heating and Cooling
  • Wall Furnace
Parking
  • Uncovered
Stories
  • 2
Living Area
  • 7,088 sqft
Location
   
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
Oct 10, 2024
Price Changed
$6,995,000
-5%
-400,000
Sep 09, 2024
Original Price
$7,395,000
-
-

Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
%
Interest rate
%
Mortgage calculator estimates are provided by Windermere Real Estate and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Based on information from California Regional Multiple Listing Service, Inc. as of 2/22/23 10:28 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable.