Tap to see more photos
Home Sale Pending
323 W Islay Street
Santa Barbara, California 93101
Santa Barbara CountyCommunity:
$2,500,000
7 br, 6.0 bath
3360 sq. ft.
0.150 acres
Introducing Casa Napoli, a meticulously cared for and recently updated 5-unit apartment building nestled in the vibrant heart of Downtown Santa Barbara. Owned by the same family for nearly 50 years, this property exudes pride of ownership. Offering a spacious 3-bedroom, 2-bathroom unit as well as four 1-bedroom, 1-bathroom units totaling 3,360sq.ft., Casa Napoli offers versatile living spaces to suit a variety of lifestyles. Tenant amenities include both covered and uncovered parking for residents, as well as a convenient coin-operated community laundry room. A low maintenance asset with recent upgrades to the property including a brand-new roof over both the building and carport, ABS plastic sewer line, modernized plumbing and electrical systems, dual pane windows, and an extensiveinterior renovation throughout all units. A rare opportunity to own one of Santa Barbaras sought after apartment buildings!Current rents total $147,000 annually (4.22% cap). Total market rents are projected to be $190,800 annually (5.92% cap). Upon request, the offering memorandum, title report, natural hazards disclosure, reports/inspections and seller disclosures can be provided. Showings will be May 15th and 22nd by appointment only.
Interior:
- Bedrooms: 7
- Baths: 6.0
- Sq Ft: 3360
- Year Built: 1962
- Utilities:
- Fireplaces:
- Stories:
- Heat/AC: Forced Air
- Garage:
Exterior:
- Lot Size: 0.150 acre
- Lot Dimensions:
- View Types:
- Yard:
- Siding:
- Roof: Composition
- MLS #: 24000763
Ad Number: 4887344
Viewed 22 times.
Updated: May 10, 2024
This property is a Home located at 323 W Islay Street, Santa Barbara, California 93101, and is currently Sale Pending at $2,500,000. This Home has 7 bedrooms, 6.0 baths, 3360 sq ft.
Listing Agent: Kendrick Guehr, Keller Williams Realty Santa Barbara, 805-448-4185, 805-456-3600
Listing Site, Listing Status: Pending
Copyright © 2024 North Santa Barbara County Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.