Turner Foundation (Non-Profit)

Owne d property, currently providing 45 units of housing and 54 parking spaces with Cmmunity Learning Center, Programs and Services on site. Gross income $1.1m per year and current rent is 35% below market rate.

Past Year NOI $802K with Non-Profit property tax exemption status equating to a 4.9% cap rate. Contemporary buyer may potentially retain Turner Foundation Non-Profit property tax exemption status if Turner Foundation remains as an Operating Partner. Buyer to verify all information.

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on 1502 San Pascual St
in Santa Barbara, CA
Presented by null 20 twenty Group at
COMPASS.


Property MLS #24-571 from SantaBarbara

+ Reveal additional info including schools and tax history

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+ Bathrooms

Total Bathrooms: 0

+ Appliances

Laundry Features: Laundry Room

+ Interior Features

Flooring: Vinyl, Carpet

+ Land Info

Near Public Transit
Lot Size Acres: 1.0
Lot Size Square Feet: 43560

+ Garage and Parking

Carport Spaces: 24
Parking Features: Carport, Uncovered
Parking Total: 54

+ Homeowners Association

Association: No
Calculated Total Monthly Association Fees: 0

+ School Information

Elementary School: Harding
High School: San Marcos
Middle School: LaCumbre
+ Display Complete School Details

La Cumbre Junior High School is a public middle school located approximately 0.8 miles away.
Map directions

Adams Elementary School is a public elementary school located approximately 1.4 miles away.
Map directions

San Marcos Senior High School is a public high school located approximately 4.3 miles away.
Map directions

Providence School is a private elementary, middle and high school located approximately 0.6 miles away.
Map directions

+ Multi-Unit Info

Unit-1 Furnished Description: N

+ Other Property Info

Source Listing Status: Active
County: Santa Barbara
Source Property Type: Res Inc
Area: 20 - SB/WEST OF STATE
MLS Area Minor: 20 - SB/WEST OF STATE
Source Neighborhood: 20 - SB/WEST OF STATE
Parcel Number: 043-252-015
Zoning: R-4
Source System Name: C2C
+ Reveal Tax History

Year	Assessments Building + Land Total	Tax
2022	$9,626,509 + $4,530,121 $14,156,630	$145
2021	$9,437,754 + $4,441,296 $13,879,050	$133
2020	$9,340,982 + $4,395,756 $13,736,738	$131
2019	$9,157,826 + $4,309,565 $13,467,391	$3,312
2018	$8,978,261 + $4,225,064 $13,203,325	$3,320
2017	$8,802,217 + $4,142,220 $12,944,437	$3,142
2016	$8,629,625 + $4,061,000 $12,690,625	$117
2015	$8,500,000 + $4,000,000 $12,500,000	$131,102
2014	$6,391,540 + $4,071,726 $10,463,266	$110,155
2013	$6,362,654 + $4,053,324 $10,415,978	$109,422
2012	$6,237,897 + $3,973,848 $10,211,745	$106,349
2010	$6,115,586 + $3,895,930 $10,011,616	$103,013
2009	$6,084,300 + $3,876,000 $9,960,300	$103,256
2009	$6,069,880 + $3,866,813 $9,936,693	$103,256
2008	$5,828,897 + $2,706,080 $8,549,977	$88,595
2007	$5,714,605 + $2,653,020 $8,382,625	$86,147

+ Reveal Property Sale History

Price Changed 2024-04-12
$15,900,000
SantaBarbara

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Listed 2024-02-24
$16,500,000
SantaBarbara

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Listing removed 2024-02-01
$0
SantaBarbara

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Price Changed 2023-11-20
$16,500,000
SantaBarbara

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Listed 2023-08-08
$17,500,000
SantaBarbara

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Listing removed 2023-04-01
$0
SantaBarbara

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Listed 2022-10-12
$17,000,000
SantaBarbara

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Sold 2014-08-28
$12,500,000
Public Record

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Sold 2008-01-04
$9,780,000
Public Record

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Sold 2004-04-19
$7,900,000
Public Record

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Sold 1988-08-01
$2,900,000
Public Record

+ Building and Construction

Year Built: 1972
Property Age: 52
Property Condition: Good