Pending

1924 San Pascual Street

SANTA BARBARA CA, 93101

$4,950,000


Pending

3 Beds

3 Baths

Residential

Built in 1964

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

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.

24-1428

MLS ID

May 3, 2024

Listed

October 1, 2024

Updated

Map

1924 San Pascual Street
SANTA BARBARA CA, 93101

Interior Features

Total Stories

2


Bedrooms

3


Total Bathrooms

3


Full Bathrooms

3


Laundry Description

Laundry Room


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.41 Acres


Lot Features

Near Public Transit

School Information

High School

S.B. Sr.


Elementary School

Harding

Other Property Details

Area Name

20 - SB/WEST OF STATE


Days on Market

139


Garage

No


Parking

Uncovered


Parking Total

15


View

No


County

Santa Barbara


Pool

No


Zoning

R-3

Listing History

Date

Event

Price

9/19/2024

Pending

7/9/2024

Price change

$4,950,000

-6%

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

This information is being provided for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that you may be interested in purchasing. Data relating to real estate for sale on this Website comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. All information is deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither the Santa Barbara Multiple Listing Service, the listing broker(s), the owner of this site, nor Luxury Presence shall be responsible for any typographical errors, misinformation, or misprints.

©2024 Santa Barbara Association of REALTORS. All rights reserved.

Data last updated 9:21 PM UTC, 10/1/2024

Powered byLuxury Presence