427 W ISLAY ST
SANTA BARBARA, CA 93101
$7,395,000
22 Beds
22 Baths
7,088 Sq Ft
Status Active
MLS# 24001777
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, 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.
Details for 427 W ISLAY ST
Built in 1960
$1,043 / Sq Ft
0 parking spaces
None
Wall Furnace
No Info
0.37 acres lot
Area Information for 427 W ISLAY ST
