1226 N Salsipuedes St - Apartments FOR SALE


Santa Barbara, CA 93103- Laguna
$2,750,000 USD
805-455-4003
1226 N Salsipuedes St, Santa Barbara, CA for Sale
$2,750,000 USD
Apartments - FOR SALE
1/16
null | Request Cap Rate

1226 N Salsipuedes St
Santa Barbara, CA 93103
Laguna


HIGHLIGHTS

  • Eight (8) 1-bedroom, 1-bath units plus excess land; ADU potential.
  • 10 total (9 carports).* *One space is allocated to neighboring property.
  • $343,750/unit; 4.43% cap rate.

OVERVIEW

Lower Riviera location near Santa Barbara Bowl. Within walking distance of Santa Barbara High School. Prime multifamily investment opportunity featuring an 8-unit apartment building comprised entirely of 1-bedroom/1-bath units, offering a highly desirable and efficient unit mix for consistent tenant demand. The property presents strong in-place income with additional upside through ADU development potential, allowing investors to further increase cash flow and overall asset value. Situated in a centrally located neighborhood with convenient access to downtown amenities, employment centers, and transportation, 1226 N. Salsipuedes St. combines stability, scalability, and long-term growth potential—ideal for both seasoned investors and those seeking to expand their multifamily portfolio. Contact Listing Agents for further details and to schedule a showing.

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$646 USD /SF

# OF UNITS

8

PRICE/UNIT

$343,750

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lower Riviera Location by Santa Barbara Bowl

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,018 SF

ZONING

R-3

APN/PARCEL ID

029-142-014

ASK ABOUT THIS PROPERTY

Rob HambletonRadius Commercial Real EstateMore Info
805-455-4003

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Rob HambletonRadius Commercial Real EstateMore Info
805-455-4003

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