19 W Padre St - Multi-Family FOR SALE


Santa Barbara, CA 93105- Westside
$2,950,000 USD
805-698-0174
19 W Padre St, Santa Barbara, CA for Sale
$2,950,000 USD
Multi-Family - FOR SALE
1/16
null | Request Cap Rate

19 W Padre St
Santa Barbara, CA 93105
Westside


HIGHLIGHTS

  • 7 Units | Unit Mix: (5) 1 bed/1 bath; (2) 2 bed/1 bath
  • Cap Rates: Current: 4.50% • AB1482: 4.85% • Market: 5.69%
  • GRM: Current: 13.45 • AB1482: 12.81 • Market: 11.49
  • NOI: $132,778
  • Units D & F are to be delivered vacant; rent is projected market rent.

OVERVIEW

Nestled in the heart of Santa Barbara’s desirable Oak Park neighborhood, 19 W. Padre Street presents a rare opportunity to own a well-maintained, character-rich multi-family property. This 7-unit complex comprises three distinct buildings, offering a mix of five 1-bedroom/1-bath units and two 2-bedroom/1-bath units—ideal for investors seeking stable, long-term rental income or those looking to live in one unit while renting out the others. Please note that two of the units will be delivered vacant at the time of sale. Each unit boasts large windows that flood the interiors with natural light, complemented by original hardwood flooring that adds timeless charm. The property’s thoughtful layout across three buildings provides a sense of privacy and space for residents, enhancing the overall living experience. Don’t miss this exceptional opportunity to invest in a property that combines classic charm with modern convenience in one of Santa Barbara’s most sought-after neighborhoods. Seller shall not respond to offers prior to July 30th.

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$518 USD /SF

# OF UNITS

7

PRICE/UNIT

$421,429

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

FIRST TIME ON THE MARKET

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R-2

APN/PARCEL ID

025-311-026

ASK ABOUT THIS PROPERTY

Steve GolisRadius Commercial Real EstateMore Info
805-698-0174

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

Steve GolisRadius Commercial Real EstateMore Info
805-698-0174

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