Sold
321 W Padre Street
SANTA BARBARA CA, 93105
$5,750,000
Sold
12 Beds
12 Baths
Residential
Courtesy of Brian Delshad, Brian Delshad, Broker
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.
22-2271
MLSⓇ ID
July 6, 2022
Listed
March 28, 2024
Updated
Map
321 W Padre Street
SANTA BARBARA CA, 93105
Interior Features
Bedrooms
12 Beds
Bathrooms
12 Baths
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
School Information
High School
S.B. Sr.
Elementary School
Peabody
Other Property Details
Area Name
20 - SB/WEST OF STATE
Garage
No
Parking Total
15
View
No
County
Santa Barbara
Pool
No
Zoning
R-4
Buyer Agency Compensation
2.5%
Listing History
Date | Event | Price |
|---|---|---|
6/30/2023 | Sold | $5,750,000 |
Listed by Brian Delshad, Broker, Brian Delshad,
Listing Contact:
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Data last updated 4:18 AM UTC, 3/28/2024
