323 W Islay Street
Santa Barbara, CA 93101
- – beds
- – baths
- – sqft
- 6,534 sqft lot
- 1962 build
- – on site
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Introducing Casa Napoli, a meticulously cared for and recently updated 5-unit apartment building nestled in the vibrant heart of Downtown Santa Barbara. Owned by the same family for nearly 50 years, this property exudes pride of ownership. Offering a spacious 3-bedroom, 2-bathroom unit as well as four 1-bedroom, 1-bathroom units totaling 3,360sq.ft., Casa Napoli offers versatile living spaces to suit a variety of lifestyles. Tenant amenities include both covered and uncovered parking for residents, as well as a convenient coin-operated community laundry room. A low maintenance asset with recent upgrades to the property including a brand-new roof over both the building and carport, ABS plastic sewer line, modernized plumbing and electrical systems, dual pane windows, and an extensive interior renovation throughout all units. A rare opportunity to own one of Santa Barbaras sought after apartment buildings! Current rents total $147,000 annually (4.22% cap). Total market rents are projected to be $190,800 annually (5.92% cap). Upon request, the offering memorandum, title report, natural hazards disclosure, reports/inspections and seller disclosures can be provided. Showings will be May 15th and 22nd by appointment only.
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Last updated Jul 12, 2024
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MLS# 24383471 —
The Building
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Year Built:1962
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Year Built Source:Other
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New Construction:No
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Building Area Total:3360.00
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# of Buildings:1
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Total Number Of Units:5
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Stories Total:2
Interior
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Levels:Two
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Flooring:Carpet, Tile
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Laundry:Washer Included, Dryer Included, Community
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Laundry:1
Location
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Directions:Exit 101N at Arrellage St, left on Bath St, left onto Islay St.
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Latitude:34.42507300
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Longitude:-119.71585600
The Property
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Property Type:Residential Income
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Zoning:R-4
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Lot Size Area:6534.0000
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Lot Size Acres:0.1500
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Lot Size SqFt:6534.00
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Lot Size Source:Other
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:027082027
Heating & Cooling
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Heating:1
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Heating:Forced Air, Wall Furnace
Appliances
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Appliances:Microwave, Refrigerator, Gas Range
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Included:Yes
The Community
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Senior Community:No
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Association:No
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Assessments:No
Parking
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Parking:Yes
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Parking:Covered, Uncovered
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Parking Spaces:6.00
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Uncovered Spaces:2.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
7/12/24
Jul 12, 2024
|
Sold | CRMLS_CA | $2,480,000 | -0.8% |
|
5/28/24
May 28, 2024
|
Pending | CRMLS_CA | $2,500,000 | |
|
5/10/24
May 10, 2024
|
Price Changed | CRMLS_CA | $2,500,000 | -13.6% |
