323 W Islay Street, SANTA BARBARA, CA 93101
$2,500,000
Property Type:
Res
Bedrooms:
7
Baths:
6
Square Footage:
3,360
Lot Size (sq. ft.):
6,534
Status:
Active
Current Price:
$2,500,000
List Date:
4/30/2024
Last Modified:
5/15/2024
Description
Recently updated 5-unit apartment building located in Downtown Santa Barbara. Owned by the same family for nearly 50 years, this property exudes pride of ownership. Offering a beautiful 3-bedroom, 2-bathroom unit (great owners' unit) as well as four 1-bedroom, 1-bathroom units totaling 3,360 sq. 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 extensive interior renovations throughout all units.
Supplements: Current rents are under market and total $147,000 annually. Total market rents are projected to be $190,800 annually. 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. Do not disturb occupants.
More Information MLS# 24-1361
Location Info
District: 20 - SB/WEST OF STATE
Street #: 323
Dir: W
Street Name: Islay
Street Suffix: Street
State/Province: CA
Postal Code: 93101
Compass Map: Santa Barbara
Map Grid: N12
County: Santa Barbara
Parcel Number: 027-082-027
Cross Street: Bath Street
Contract Info
Current Price: $2,500,000
Price: 2500000
Buyers Agent $/%: 2.5
Affordable Housing: No
Begin Date: 2024-04-30
Status: Active
Property Information
TYP: Home/Estate
Total Bedrooms: 7
Total Bathrooms: 6
Total Full Baths: 6
Year Built: 1962
Total SqFt.: 3360
Source: Measured
Apx # Acres: 0.15
ADU: No
Within City Limits: Yes
Total #Units: 5
Recurring Fees: No
Neighborhood/Schools
Neighborhood: 15 or 20 - Downtown
Elementary School: Peabody
Junior High School: S.B. Jr.
High School: S.B. Sr.
Remarks
Hot Sheet Comment: price
Geo Lat: 34.425064
Geo Lon: -119.715843
Owner Info
Deposit: 3
Parking/Garage
Total # Carport Spaces: 4
Total # Uncovered Spaces: 2
Property Features
Condition: Excellent
Construction: Two Story
Foundation: Slab
Proximity: Near Bus; Near Hospital; Near Ocean; Near Park(s); Near Shopping
Laundry: Coin Op
Appliances Included: Dryer; Electric Range; Gas Range; Microwave; Refrigerator; Washer
Fireplace(s): LR
Flr/Wdw Coverings: Carpet; Carpet; Tile; Laminate
Security: Smoke Detector(s)
Heating: Forced Air; Wall Furnace
Zoning: R-4; Other
Reports Available: TDS; Home Inspection; Pest Inspection; Prelim; NHD
Terms: Cash; Ctnl
Listing Office: Keller Williams Realty Santa Barbara
Last Updated: May - 15 - 2024
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