• Asking Price $2,500,000
  • Estimated Value: $414,215
  • 323 W ISLAY ST SANTA BARBARA, CA 93101

  • 7 Beds 6 Baths 3,360 SqFt
  • Townhouse or Condo / Resale (MLS)

Property Details for 323 W ISLAY ST, SANTA BARBARA, CA 93101

Features

  • Price/sqft: $744
  • Lot Size: 6534 sq. ft.
  • Total Units: 5
  • Total Rooms: 10
  • Room List: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5
  • Heating: Forced Air Heating

Facts

  • Year Built: 01/01/1962
  • Property ID: 878726861
  • MLS Number: 24000763
  • Parcel Number: 027-082-027
  • Property Type: Townhouse or Condo
  • County: SANTA BARBARA
  • Legal Description: LOTS 22 AND POR SEC 3 RNG 36
  • Zoning: R4
  • Listing Status: Active

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. Introducing Casa Napoli, a meticulously cared for and recently updated 5-unit apartment building nestled in the vibrant heart of Downtown Santa Barbara. Owned by the same family for nearly 50 years, this property exudes pride of ownership. Offering a spacious 3-bedroom, 2-bathroom unit as well as four 1-bedroom, 1-bathroom units totaling 3,360sq.ft., Casa Napoli offers versatile living spaces to suit a variety of lifestyles. Tenant amenities include both covered and uncovered parking for residents, as well as a convenient coin-operated community laundry room. A low maintenance asset with recent upgrades to the property including a brand-new roof over both the building and carport, ABS plastic sewer line, modernized plumbing and electrical systems, dual pane windows, and an extensiveinterior renovation throughout all units. A rare opportunity to own one of Santa Barbaras sought after apartment buildings!Current rents total $147,000 annually (4.22% cap). Total market rents are projected to be $190,800 annually (5.92% cap). Upon request, the offering memorandum, title report, natural hazards disclosure, reports/inspections and seller disclosures can be provided. Showings will be May 15th and 22nd by appointment only.

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Property Brokerage: Keller Williams Realty Santa Barbara 1503 Chapala St. Santa Barbara CA 93101
Copyright © 2024 North Santa Barbara County Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.



All information provided is deemed reliable, but is not guaranteed and should be independently verified.