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328-330 W Islay St

4 Unit Block of Flats £1,877,880 (£469,470/Unit) Santa Barbara, CA 93101

Investment Highlights

  • Conveniently located between downtown Santa Barbara and Cottage Hospital

Executive Summary

Charming 4-unit property on a large lot with excellent rental history. Conveniently located between downtown Santa Barbara and Cottage Hospital, this colonial-style property features a large 4BD/3.5BA main home which has been separated into two units (3BD/2.5BA and 1BD/1BA, each with a fireplace), as well as a separate duplex (2 x 1BD/1BA). Both of the duplex units have fireplaces and three of the four units include laundry. This is a fully leased property with tenants occupying all units. A new owner may also explore converting the separated unit and existing garages into legal dwellings under the additional dwelling unit (ADU) legislation to maximize rental income. The property benefits from plentiful off-street parking and garage storage for tenants or owner.
Price: $2,400,000
Price per unit: $600,000
Units: 4 rented units (city recognizes 3)
Unit Mix: 4BD/3.5BA main house
(separated into 3BD/2.5BA and
1BD/1BA); duplex (2 x 1BD/1BA)
Lot Size: Approx. 8,712 SF
Parking: Garages and shared driveway parking
Laundry: Yes, in each unit except 328A
Fireplaces: Yes, in three units
Zoning: R-MH
APN: 027-012-019
Utilities: Master metered for all utilities
To Show: Call listing agent. Do not disturb tenants.

Property Facts

Price £1,877,880
Price Per Unit £469,470
Sale Type Investment
No. Units 4
Property Type Residential
Property Subtype Apartment
Building Class B
Lot Size 0.20 AC
Building Size 8,712 SF
Number of Floors 2
Year Built 2000

Unit Amenities

  • Air Conditioning
Walk Score ®
Very Walkable (78)
Bike Score ®
Biker's Paradise (95)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code R-MH
R-MH
  • Listing ID: 32378829

  • Date on Market: 08/07/2024

  • Last Updated:

  • Address: 328-330 W Islay St, Santa Barbara, CA 93101

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