427 W Islay St, Santa Barbara, CA 93101 Homes for Sale

For Sale

$6,995,000

• 22 beds
• 22 baths
• 7088 Sq Ft

427 W Islay Street,
Santa Barbara, CA, 93101

Latitude 34.423671 - Longitude -119.717048

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Overview

Listing Status Active

MLS 24001777

Property Type

Multi Family

Year built

1960

Total rooms

22

Lot size

0.37 Acres

Time on NeighborWho

-

Stories

-

Price per Sq Ft

$987

Parking

0e0 car garage

Basement

-

About 427 W Islay Street, Santa Barbara, CA

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. Read more

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