Sold

Closed

1514-1520 Garden Street

SANTA BARBARA CA, 93101

$7,250,000


Sold

Closed

13 Beds

13 Baths

Residential

Built in 1859

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

11 UNITS ON 2 PARCELS WITH 5.21% CAP RATE - Tucked away in the picturesque heart of downtown Santa Barbara, 1514/1520 Garden St. presents a rare and highly coveted investment opportunity. Units consist of (1) 7 bed/5.5 bath house, (1) 3 bed/3 bath ADU, (2) 2 bed/2 bath ADUs, (6) 1 bed/1bath units and (1) studio. Both original structures have been designated as a Structure of Merit by the Historic Landmarks Commission, however, each unique unit has been extensively remodeled with high-quality finishes and new appliances. The exterior of the property is equipped with new 40-year roofs and solar panels, ensuring hassle-free maintenance for years to come. Tenants enjoy the ease of off-street parking and washer/dryers in each unit.

24-405

MLS ID

February 7, 2024

Listed

November 22, 2024

Updated

Map

1514-1520 Garden Street
SANTA BARBARA CA, 93101

Interior Features

Bedrooms

13


Total Bathrooms

13


Full Bathrooms

12


Half Bathrooms

1


Laundry Description

In Unit


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Features

Near Public Transit

School Information

High School

S.B. Sr.


Elementary School

Roosevelt

Other Property Details

Area Name

15 - SB/EAST OF STATE


Days on Market

3


Garage

No


View

No


County

Santa Barbara


Pool

No


Zoning

Other

Listing History

Date

Event

Price

5/21/2024

Sold

$7,250,000

2/12/2024

Pending

Listed by Radius Group Commercial R.E., Steven J Golis,
Listing Contact: [email protected] 

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