1011 Laguna St - Apartments FOR SALE


Santa Barbara, CA 93101- Laguna
$2,950,000 USD
805-698-0272
1011 Laguna St, Santa Barbara, CA for Sale
$2,950,000 USD
Apartments - FOR SALE
1/14
null | Request Cap Rate

1011 Laguna St
Santa Barbara, CA 93101
Laguna


HIGHLIGHTS

  • New roof (2023).
  • Updated plumbing.
  • All windows replaced.
  • On-site laundry.
  • Under the same ownership for more than 3 decades.

OVERVIEW

Exceptional opportunity to acquire a well-maintained 8-unit multifamily property located in the heart of Downtown Santa Barbara. The property features an attractive unit mix of (8) one-bedroom/one-bathroom units, several of which have been recently updated to enhance livability and appeal. One unit will be delivered vacant at COE. Upstairs units feature vaulted ceilings that create a bright, spacious atmosphere, contributing to the property’s overall charm and character. Tenants benefit from off-street parking—a rare convenience in this central location—along with close proximity to Santa Barbara’s vibrant State Street corridor, parks, beaches, and major employers. With its combination of classic Santa Barbara architecture, strong rental demand, and unbeatable location, 1011 Laguna Street represents an ideal long-term investment opportunity in one of the city’s most desirable neighborhoods

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$621 USD /SF

# OF UNITS

8

PRICE/UNIT

$368,750

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Recently Upgraded 8-Unit MF Asset in DTSB

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

C-G

APN/PARCEL ID

029-221-013

ASK ABOUT THIS PROPERTY

Brad FrohlingRadius Commercial Real EstateMore Info
805-698-0272

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Brad FrohlingRadius Commercial Real EstateMore Info
805-698-0272

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.