Courtesy of Steven Golis, Radius Group Commercial R.E.

28 W Pedregosa St

SANTA BARBARA, CA, 93101

$6,495,000

$6,495,000
Active
Active
 - For Sale
property_type
Other
calendar
Built 1963
Nestled in a garden setting with manicured landscaping, 28 W. Pedregosa St. is a well maintained property on a quiet street less than a block from downtown Santa Barbara's main thoroughfare. Many of the units have been remodeled and feature modern upgrades. In addition, each of the units include carport parking and storage. This multifamily asset is in close proximity to area amenities with quick access to downtown, transportation, and the 101 Freeway. This is an prime opportunity for an investor seeking a turn-key property. In recent years, the rents in this area have increased, and several multifamily buildings have sold to investors catering to professionals willing to pay higher rents. Don't miss this chance to acquire a 14-unit trophy asset in one of Santa Barbara's finest location Seller is currently in the approval process for 2 additional ADUs. Current loan is assumable and is interest only until March 1, 2023. The assumption fee is 1%. The outstanding principal is $3,430,000 and interest rate is 3.43%. The interest rate is fixed until March 1, 2026. After that date the interest rate will adjust to 2.25% plus six month LIBOR.
MLS® ID:
22-2736
Listed:
8/9/22
Updated:
9/25/22
Coldwell Banker Realty
Randy Solakian Estates Group

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Laundry Description
Room

Exterior/Building Features

Lot Size
0.39 acres lot

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

Courtesy of Steven Golis, Radius Group Commercial R.E.

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Data last updated 4:46 AM UTC, 9/25/22

Coldwell Banker Realty
Randy Solakian Estates Group
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