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Commercial > Multi-family / Apartments
Active
2 weeks ago
List Price
$7,395,000

427 Islay St
Santa Barbara, CA 93101

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  • 427 Islay St, Santa Barbara, CA 93101 is a multi-family/apartments property built in 1968 on a 0.370 acre lot with 4 construction permits. This multi-family/apartments is currently for sale for $7,395,000.

    MLS Description

    The listing agent's description. Original Listing

    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 percent, 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.

    Listing Agents

    The listing agent for 427 Islay St is Steve Epstein.

    Permits

    427 Islay St has 4 permit records.

    Permit History
    4
    Permits
    May 11, 2007
    Project Name: 427 W Islay St: R/otc-reroofStatus: completeType: Historic permitsEffective Date: 2007-05-11Permit Number: BLD2007-01085
    September 6, 2002
    Project Name: 427 W Islay St: R/otc-reroofStatus: expiredType: Historic permitsEffective Date: 2002-09-06Permit Number: BLD2002-02339
    September 19, 1991
    Project Name: 427 W Islay St: North ReroofStatus: triageType: Historic permitsEffective Date: 1991-09-19Permit Number: BLD1991-00584
    September 19, 1991
    Description: Partial repair. Tear off existing roof replace dry-rotted plywood 3 ply hot mop and cap sheet. Same colorStatus: issuedType: Building permitEffective Date: 1991-09-19Permit Number: BLD91-00584

    Current Ownership

    Information about the current owner(s).

    Property History

    427 Islay St has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).

    Property Events

    Environment

    Environmental factors around 427 Islay St

    School Information

    Public/private schools serving 427 Islay St

    Neighborhood

    This property is located in Downtown, Santa Barbara, CA 93101.

    Market Trends

    Historical market data near 427 Islay St over selected time period.

    Copyright © 2024 Santa Barbara Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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