328-330 W Islay St
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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.
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 | Building Class | B |
Price Per Unit | £469,470 | Lot Size | 0.20 AC |
Sale Type | Investment | Building Size | 8,712 SF |
No. Units | 4 | Number of Floors | 2 |
Property Type | Residential | Year Built | 2000 |
Property Subtype | Apartment |
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
1 of 1
Walk Score ®
Very Walkable (78)
Bike Score ®
Biker's Paradise (95)
zoning
Zoning Code | R-MH |
R-MH |
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328-330 W Islay St
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