Active
1215 Cacique Street
SANTA BARBARA CA, 93103
$8,250,000
$730.09 per sqft
Active
5 Beds
3 Baths
11,300 sqft
Residential
Built in 1989
Courtesy of Filip Niculete, Marcus and Millichap
We are pleased to present Sycamore Creek Apartments, an 18-unit multifamily investment opportunity in Santa Barbara, CA.
Situated on a 29,185 SF lot, the property consists of three buildings with 16 one-bedroom units, a two-bedroom apartment, and a standalone two-bedroom house with a den.
The property has undergone over $500,000 in capital improvements (2022-2025), including new roofs, a repaved parking lot, brand-new sewer laterals, exterior repainting, and SB 721-compliant balcony replacements. With minimal deferred maintenance, an investor can focus on maximizing rents and long-term appreciation. Also, There is a highly attractive assumable Chase Bank loan is in place through August 2027.
25-873
MLSⓇ ID
February 28, 2025
Listed
March 3, 2025
Updated
Interior Features
Total Stories
2
Bedrooms
5
Total Bathrooms
3
Full Bathrooms
3
Laundry Description
Laundry Room
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.67 Acres
School Information
High School
S.B. Sr.
Elementary School
Cleveland
Other Property Details
Area Name
15 - SB/EAST OF STATE
Days on Market
4
Garage
No
Parking Total
15
View
No
County
Santa Barbara
Pool
No
Zoning
R-3
Listed by Marcus and Millichap, Filip Niculete,
Listing Contact: [email protected]
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Data last updated 5:17 PM UTC, 3/3/2025
