Signed 2 New Leases at Market, 4% CAP at Level Rents. Impeccably renovated 5-unit complex well located in Santa Barbara. In 2014 the property underwent a complete permitted remodel down to studs. The tasteful remodel boasts new flooring, windows, paint and kitchen appliances (see list of improvements below). The convenient location is walking distance to all of the Milpas corridor shops, the Santa Barbara Bowl, restaurants, schools, and it is ashort trip to all of Santa Barbara's downtown amenities. The existing garage offers an opportunity for a potential 6th unit with an ADU conversion. Buyer to verify. The property is an incredibleopportunity for investors looking for steady rental income with upside and low maintenance.
No similar listings found
Unfortunately, we don't have any similar listings at the moment. Please remove or change some of the selected filters.
Courtesy of: Radius Group Commercial R.E. Listing information provided courtesy of the Santa Barbara MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 28th July, 2021 2:16 PM
No featured listings found
Unfortunately, we don't have any featured listings at the moment.