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1924 San Pascual Street

Santa Barbara, CA 93101

– beds
– baths
– sqft
~1/2 acre lot
1964 build
– on site

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.

Listed By CRMLS_CA / Randy Freed / Berkshire Hathaway HomeServices California Properties

Last checked: Checking… • Last updated Nov 12, 2024 •

MLS# V1-23995 —

The Building

Year Built:

1964
Year Built Source:

Assessor
Construction Materials:

Stucco
Architectural Style:

Contemporary
Roof:

Composition
Foundation:

Slab
Common Walls:

2+ Common Walls
# of Buildings:

1
Total Number Of Units:

14
# of Separate Gas Meters:

1
# of Separate Electric Meters:

14

Interior

Levels:

Two
Fireplace:

No
Fireplace:

None
Laundry:

Community
Laundry:

1

Location

Directions:

Multi family property located at the corner of Mission St. & San Pascual, in the Westside area of Santa Barbara
Latitude:

34.42444200
Longitude:

-119.72078000

The Property

Property Type:

Residential Income
Lot Features:

Sprinklers None
Lot Size Area:

0.4100
Lot Size Acres:

0.4100
Lot Size SqFt:

17859.60
View:

1
View:

Mountain(s)
Fencing:

None
Fence:

No
Road Frontage:

City Street
Property Attached:

1
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Tract:

11.01

The Listing

Special Listing Conditions:

Real Estate Owned
Parcel Number:

043132013

Heating & Cooling

Heating:

1
Heating:

Floor Furnace
Cooling:

No
Cooling:

None

Utilities

Water Source:

Public

Appliances

Appliances:

Gas Cooktop, Refrigerator, Gas Oven
Included:

Yes

The Community

Subdivision:

Not Applicable
Subdivision:

Not Applicable
Senior Community:

No
Features:

Curbs
Pool:

None
Private Pool:

No
Spa Features:

None
Assessments:

No
Assessments:

None

Parking

Parking:

Yes
Parking:

Asphalt, Assigned
Parking Spaces:

16.00

Extra Units

Average 1 Bed Area:

640
Average 2 Bed Area:

840

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
11/9/24 Nov 9, 2024	Price Changed	CRMLS_CA	$4,895,000	-1.1%
7/8/24 Jul 8, 2024	Price Changed	CRMLS_CA	$4,950,000	-5.7%
6/7/24 Jun 7, 2024	Listed / Active	CRMLS_CA	$5,250,000

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This multifamily located in Downtown Santa Barbara, Santa Barbara, CA 93101 is currently for sale for $4,895,000. 1924 San Pascual Street is a – square foot multifamily with – beds and – baths that has been on Estately for 167 days. 1924 San Pascual Street is in the Downtown Santa Barbara neighborhood of Santa Barbara and has a WalkScore® of 78, making it very walkable. This multifamily is in the attendance area of Adams Elementary School, La Cumbre Junior High School, and San Marcos High School.

Listing Courtesy of: CRMLS_CA and Berkshire Hathaway HomeServices California Properties. Based on information from California Regional Multiple Listing Service, Inc. as of 15:35 on Nov 21.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.