1416-1418 Bath St - Apartments FOR SALE


Santa Barbara, CA 93101- Westside
$5,575,000 USD
1416-1418 Bath St, Santa Barbara, CA for Sale
$5,575,000 USD
Apartments - FOR SALE
1/14
null | 4.5% Cap Rate

1416-1418 Bath St
Santa Barbara, CA 93101
Westside


HIGHLIGHTS

  • Ideal Santa Barbara Location and Stabilized Asset
  • Turn-Key Rentals with current income of $30,150/Month
  • Off-Street Parking and 94 Walk Score
  • Perfect 1031 Option

OVERVIEW

Nestled just two blocks from the Santa Barbara Public Market and minutes from the Theatre District, Bath Street Flats is a boutique Victorian-style property offering a perfect blend of historic charm and modern upgrades. Boasting a 93 Walk Score and 94 Biker’s Paradise rating, this prime location places tenants within easy reach of the city’s best dining, shopping, and cultural experiences. Originally built in the Queen Anne architectural style, the property has been restored and upgraded to meet today’s standards while maintaining its timeless character. Each unit has been remodeled with high-end finishes, creating stylish, comfortable living spaces that attract quality tenants. A newly constructed ADU (2022) adds additional value, while off-street parking and a modernized on-site laundry facility further enhance tenant convenience. This is a well stabilized investment opportunity, ideal for a 1031 exchange or long-term hold. With its unbeatable downtown location, consistent rental demand, and exceptional curb appeal, Bath Street Flats stands out as an ideal option for a hands-off investor. Full DD Folder and OM available with signed NDA from Listing Agent.

FOR SALE DETAILS

PRICE

$5,575,000 USD

PRICE/SF

$764 USD /SF

# OF UNITS

8

PRICE/UNIT

$696,875

CAP RATE

4.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

R-4

APN/PARCEL ID

039-061-022

ASK ABOUT THIS PROPERTY

Nick HenryBeachside Partners, Inc.More Info

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Nick HenryBeachside Partners, Inc.More Info

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