2019 Bath St - Apartments FOR SALE


Santa Barbara, CA 93105- Oak Park
$2,100,000 USD
805-886-9144
2019 Bath St, Santa Barbara, CA for Sale
$2,100,000 USD
Apartments - FOR SALE
1/15
null | 3.7% Cap Rate

2019 Bath St
Santa Barbara, CA 93105
Oak Park


HIGHLIGHTS

  • Prime Santa Barbara location adjacent to Cottage Hospital with consistent tenant demand.
  • Four-unit asset with strong in-place income and long-term investment stability.
  • Value-add opportunity with potential to develop ADUs and increase revenue.
  • Desirable unit mix with on-site parking and laundry enhancing tenant appeal.

OVERVIEW

Located next to Cottage Hospital in Santa Barbara, 2019 Bath Street is a well-positioned four-unit apartment building offering a desirable unit mix and strong long-term investment potential. The property provides tenants with convenient on-site amenities including two covered carports and a shared laundry room. In addition to its current income, the property presents a compelling value-add opportunity with the potential to add ADUs, allowing a future owner to increase both rental income and overall property value. With its proximity to Cottage Hospital and consistent demand for housing in Santa Barbara, 2019 Bath Street represents an attractive opportunity for investors seeking stable income with future upside.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$477 USD /SF

# OF UNITS

4

PRICE/UNIT

$525,000

CAP RATE

3.7%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1999

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

R-4

APN/PARCEL ID

025-292-012

ASK ABOUT THIS PROPERTY

Gene DeeringRadius Commercial Real EstateMore Info
805-886-9144

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Gene DeeringRadius Commercial Real EstateMore Info
805-886-9144

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