1 of 50
Tools
Size
7
Bedrooms
6
Full Baths
3,360 Sq Ft.
interior
0.15 Acres
Exterior
Financial
$2,500,000
Change Currency
$744
Price Per Sqft
Listing Details
Multi Family
Property type
1962
Year Built
11289719
Web Id
24000763
MLS ID
8
Days Posted
Description
323 W Islay Street, Santa Barbara, CA 93101
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.
This is an Active listing.
Broker Office Phone Number: 805-456-3600
Copyright © 2024North 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.
This is an Active listing.
Broker Office Phone Number: 805-456-3600
Copyright © 2024North 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.
Amenities
- Composition Shingle Roof
Price History
date | Price | variance | type |
---|---|---|---|
5/12/2024 | $2,500,000 | 13.64 % | decreased |
4/30/2024 | $2,895,000 | - | Listed |
Listing By: Keller Williams Santa Barbara via Data Source: North Santa Barbara County Regional MLS
listing agent: Kendrick Guehr