609 W Junipero St
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609 W Junipero St
11 Unit Block of Flats £6,494,335 (£590,394/Unit) 4.26% Net Initial Yield Santa Barbara, CA 93105
Investment Highlights
- Premier Oak Park Location Just One Block From Cottage Hospital
- 11 Large and Remodeled Units with Common Laundry
Executive Summary
Extensively remodeled 11-unit multifamily
property located just one block from Cottage
Hospital, minutes from Downtown and Uptown
Santa Barbara, and near the beach and Highway 101.
This Spanish-style property consists of an ideal unit
mix featuring nine (9) large 2BD/2BA units and two
(2) large 1BD/1BA units and offers tenants an intimate
common courtyard along a creek setting amongst
mature sycamores, pines and oaks. The property
features 16 off-street parking spots, private patios
and/or decks for each unit, common onsite laundry
facilities, bike storage, and tenant storage closets.
Each unit has been tastefully remodeled with new
wood-like vinyl flooring, new tile, new gourmet
kitchens, new bathrooms, new appliances, new
fixtures, new doors, new windows, and new paint
throughout. The exterior has been improved with a
new smooth stucco exterior, updated staircases and
handrails, updated patios and decks, new exterior
paint, new patio pavers, and improved landscaping.
This recent remodel was completed to ensure an
owner is able to obtain top dollar from Oak Park’s
rental market.
property located just one block from Cottage
Hospital, minutes from Downtown and Uptown
Santa Barbara, and near the beach and Highway 101.
This Spanish-style property consists of an ideal unit
mix featuring nine (9) large 2BD/2BA units and two
(2) large 1BD/1BA units and offers tenants an intimate
common courtyard along a creek setting amongst
mature sycamores, pines and oaks. The property
features 16 off-street parking spots, private patios
and/or decks for each unit, common onsite laundry
facilities, bike storage, and tenant storage closets.
Each unit has been tastefully remodeled with new
wood-like vinyl flooring, new tile, new gourmet
kitchens, new bathrooms, new appliances, new
fixtures, new doors, new windows, and new paint
throughout. The exterior has been improved with a
new smooth stucco exterior, updated staircases and
handrails, updated patios and decks, new exterior
paint, new patio pavers, and improved landscaping.
This recent remodel was completed to ensure an
owner is able to obtain top dollar from Oak Park’s
rental market.
Property Facts
| Price | £6,494,335 | Apartment Style | Low Rise |
| Price Per Unit | £590,394 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.51 AC |
| Net Initial Yield | 4.26% | Building Size | 11,466 SF |
| Gross Rent Multiplier | 15.82 | Number of Floors | 2 |
| No. Units | 11 | Year Built | 1900 |
| Property Type | Residential | Parking Ratio | 1.4/1,000 SF |
| Property Subtype | Apartment |
| Price | £6,494,335 |
| Price Per Unit | £590,394 |
| Sale Type | Investment |
| Net Initial Yield | 4.26% |
| Gross Rent Multiplier | 15.82 |
| No. Units | 11 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.51 AC |
| Building Size | 11,466 SF |
| Number of Floors | 2 |
| Year Built | 1900 |
| Parking Ratio | 1.4/1,000 SF |
Unit Amenities
- Air Conditioning
- Kitchen
- Vinyl Flooring
Site Amenities
- Courtyard
- Laundry Facilities
- Storage Space
- Bicycle Storage
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 2+2 | 9 | - | - |
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Bike Score ®
Very Bikeable (70)
PROPERTY TAXES
| Parcel Number | 025-090-003 | Improvements Assessment | £528,286 |
| Land Assessment | £368,395 | Total Assessment | £896,681 |
PROPERTY TAXES
Parcel Number
025-090-003
Land Assessment
£368,395
Improvements Assessment
£528,286
Total Assessment
£896,681
zoning
| Zoning Code | O-M (Office Medical) |
| O-M (Office Medical) |
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609 W Junipero St
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