Courtesy of Brian Delshad, Brian Delshad, Broker

321 W Padre St

SANTA BARBARA, CA, 93105

$5,750,000

$5,750,000
Pending
Pending
 - For Sale
property_type
Other
calendar
Built 1962
Rare opportunity to acquire a turnkey asset of this size in an attractive Santa Barbara location near Cottage Hospital. This two-story building consists of one (1) 2 bed 1 bath unit and ten (10) 1 bedroom 1 bath unit. Property also has convenient onsite parking for tenants and common laundry room. Great neighborhood near parks, shopping, easy freeway access and more. The lower level apartments have private garden areas. Plenty of upside in income and low carrying costs. Currently, the property is being operated as 12 units with one studio unit being non-conforming. Possibility of assuming current mortgage of $2.09mm at 4.28%. RECENT UPDATES: Seismic retrofit, freshly painted exterior, updated/drought resistant landscaping, and new digital laundry machines.
MLS® ID:
22-2271
Listed:
7/5/22
Updated:
9/25/22
Coldwell Banker Realty
Randy Solakian Estates Group

School Information

High School
S.B. Sr.
Middle/Jr High
S.B. Jr.
Elementary School
Peabody

Other Property Details

Area Name
20 - SB/WEST OF STATE
Garage
No
Parking
N
View
N
County
Santa Barbara
Pool
No
Zoning
R-4

Property History

Date
Event
Price
Value
7/26/22
Pending
-
-

Courtesy of Brian Delshad, Brian Delshad, Broker

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Data last updated 5:46 AM UTC, 9/25/22

Coldwell Banker Realty
Randy Solakian Estates Group
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