427 W Islay Street, SANTA BARBARA CA, 93101

Active

427 W Islay Street

SANTA BARBARA CA, 93101

$7,395,000

Active

1 Bed

2 Baths

Residential

Built in 1968

Courtesy of Steve Epstein, Keller Williams Realty Santa Barbara

22 Units in the Heart of Santa Barbara. This is an incredible investment opportunity, ideally situated to take advantage of the city's robust rental market. This property features a mix of 1-bedroom, 1-bathroom apartments and cozy studios. A convenient common laundry facility adds to the property's appeal for tenants. Recent upgrades too numerous to mention. Ample off-street parking. Priced to deliver a cap rate of over 5 percent, this investment offers both strong cash flow and potential for long-term appreciation. With its prime location near Cottage Hospital and the entire medical district, residents will enjoy easy access to Santa Barbara's dining, shopping, and entertainment, making this property a standout addition to any investor's portfolio.

24-2981

MLSⓇ ID

September 9, 2024

Listed

September 18, 2024

Updated

Map

427 W Islay Street
SANTA BARBARA CA, 93101

Interior Features

Bedrooms: 1
Total Bathrooms: 2
Full Bathrooms: 2
Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 0.37 Acres
Lot Features: Near Public Transit

School Information

High School: S.B. Sr.
Elementary School: Peabody

Other Property Details

Area Name: 20 - SB/WEST OF STATE
Days on Market: 9
Garage: No
View: No
County: Santa Barbara
Pool: No
Zoning: R-4

Listed by Keller Williams Realty Santa Barbara, Steve Epstein,
Listing Contact: [email protected]

This information is being provided for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that you may be interested in purchasing. Data relating to real estate for sale on this Website comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. All information is deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither the Santa Barbara Multiple Listing Service, the listing broker(s), the owner of this site, nor Luxury Presence shall be responsible for any typographical errors, misinformation, or misprints.

Data last updated 12:15 AM UTC, 9/18/2024