102 S Voluntario St - Apartments FOR SALE


Santa Barbara, CA 93103- Milpas
$2,700,000 USD
805-259-9638
102 S Voluntario St, Santa Barbara, CA for Sale
$2,700,000 USD
Apartments - FOR SALE
1/18
null | Request Cap Rate

102 S Voluntario St
Santa Barbara, CA 93103
Milpas


OVERVIEW

PRP is proud to present 102 S. Voluntario Street, a four-unit multifamily investment opportunity located in the heart of Santa Barbara’s highly sought-after rental market. Situated on an approximately 8,500-square-foot lot, the property consists of two duplexes offering an attractive combination of renovated and newly constructed units. The front duplex features two extensively renovated one-bedroom, one-bathroom units, while the rear duplex consists of two newly constructed ground-up two-bedroom, one-bathroom units. This well-balanced unit mix provides broad tenant appeal and is well positioned to attract a diverse renter profile. The property will be delivered with three of the four units vacant, providing exceptional flexibility for both owner-users and investors. An owner-user has the opportunity to occupy one residence while generating income from the remaining units, while investors can immediately lease the vacant units at market rents without displacement concerns. Units A and B have historically leased quickly, demonstrating strong demand for the location and product type. Units C and D are newly completed ground-up construction that have never been occupied, offering tenants modern finishes and allowing new ownership to establish rental rates from day one. Located in one of Santa Barbara’s most desirable neighborhoods, 102 S. Voluntario Street offers a rare opportunity to acquire a turnkey multifamily asset with significant lease-up potential, strong long-term rental fundamentals, and immediate operational flexibility. Listing agent is Owner.

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$1,170 USD /SF

# OF UNITS

4

PRICE/UNIT

$675,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

R-2

APN/PARCEL ID

017-213-006

ASK ABOUT THIS PROPERTY

Oliver FriesPaloma Realty PartnersMore Info
805-259-9638

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Oliver FriesPaloma Realty PartnersMore Info
805-259-9638

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