1032 E Mason St - Apartments FOR SALE


Santa Barbara, CA 93103- Milpas
$4,300,000 USD
805-698-0174
1032 E Mason St, Santa Barbara, CA for Sale
$4,300,000 USD
Apartments - FOR SALE
1/15
null | Request Cap Rate

1032 E Mason St
Santa Barbara, CA 93103
Milpas


HIGHLIGHTS

  • 8 Residential Units • 1 Commercial/Church • 16 Parking Spaces • 1/2 Acre Lot • Near Shopping, Parks & Schools
  • Church, attached 1BD/1BA & SFR: 1920 | Apartments: 2017
  • Parking: 16 uncovered spaces
  • Total building size: approx. 8,164* *(*Buyer to verify total building square footage. Agents estimated based on public records documentation.)
  • Cap rates: Current: 5.48% • AB1482: 5.93% • Market: 6.31% | GRM: Current: 12.66 • AB1482: 11.94 • Market: 11.38
  • Land size: ±24,829 SF (±0.57 Acre)

OVERVIEW

Situated on over half an acre in the heart of Santa Barbara, 1030-1032 E Mason presents a rare and versatile investment opportunity featuring three distinct structures: a charming 1920s church with a 1-bedroom, 1-bath attached apartment, a spacious single-family residence, and a modern six-unit apartment building. Seven of the 1 bedroom units currently operate as senior housing, offering a peaceful and private setting enhanced by lush landscaping and tall, mature palm trees. The apartments, constructed in 2017, feature contemporary finishes, full kitchens, and in-unit appliances. The original church structure is steeped in character, boasting cathedral wood ceilings and beautiful, timeless architectural details. The adjacent single-family home includes three bedrooms and two baths, with a well-designed floor plan that feels both functional and inviting. Additional highlights include 16 off-street parking spaces and a serene garden setting that enhances the overall tranquility of the property. This is a unique opportunity to own a well-maintained, multi-structure asset located near Santa Barbara’s beaches, restaurants & shopping. Potential tenant for commercial/church space. Contact Listing Agents directly to discuss.

FOR SALE DETAILS

PRICE

$4,300,000 USD

PRICE/SF

$527 USD /SF

# OF UNITS

8

PRICE/UNIT

$537,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Commercial/Church, SFR + Modern Apt. Bldg

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

R-2

APN/PARCEL ID

017-133-005

ASK ABOUT THIS PROPERTY

Steve GolisRadius Commercial Real EstateMore Info
805-698-0174

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Steve GolisRadius Commercial Real EstateMore Info
805-698-0174

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