$2,500,000 Price Analysis   ♡   Santa Barbara, CA 93101 7 bed 6 bath 3,360 SqFt ($744/SqFt) 6,534SqFt lot. Built 1962 Listed 2024-04-29, Taxes $3,660 | Ⓧ USDA Ineligible due to price & location near Santa Barbara |
Introducing Casa Napoli
* Sale Pending *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 sizeable 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 fr residents, as well as a convenient coin-operated community laundry room. A low maintenance asset with recent upgrades to the property including a brand-n ew roof over both the building and carport, ABS plastic sewer line, modernized plumbing and electrical systems, dual pane windows and an extensive interior 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.
Presented by Steve Epstein at
Keller Williams Realty Santa Barbara.
Property MLS #24-383471 from TheMLSCLAW
Full Bathrooms: 6
Microwave
Laundry Facilities: Community
Laundry Features: Community
Garage Description: Covered Parking, Uncovered
Parking Total: 6
Lot Size Square Feet: 6534
Calculated Total Monthly Association Fees: 0
Number of Units: 5
Unit Features: 1 BedsTotal: 3, 1 BathsTotal: 2, 1 SquareFeet: 4500, 2 BedsTotal: 1, 2 BathsTotal: 1, 2 SquareFeet: 10750
County: Santa Barbara
Directions: Exit 101N at Arrellage St, left on Bath St, left onto Islay St.
Source Property Type: Residential Income
Area: Santa Barbara
Source Neighborhood: Santa Barbara
Parcel Number: 027-082-027
Postal Code Plus 4: 2839
Zoning: R-4
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $210,945 + $128,040 $338,985 | $3,660 |
| 2021 | $206,809 + $125,530 $332,339 | $3,573 |
| 2020 | $204,689 + $124,243 $328,932 | $3,536 |
| 2019 | $200,676 + $121,807 $322,483 | $3,474 |
| 2018 | $196,742 + $119,419 $316,161 | $3,424 |
| 2017 | $192,885 + $117,078 $309,963 | $3,311 |
| 2016 | $189,103 + $114,783 $303,886 | $3,307 |
| 2015 | $186,263 + $113,059 $299,322 | $3,271 |
| 2014 | $182,615 + $110,845 $293,460 | $3,219 |
| 2013 | $181,790 + $110,345 $292,135 | $3,205 |
| 2012 | $178,226 + $108,182 $286,408 | $3,078 |
| 2010 | $174,732 + $106,061 $280,793 | $2,982 |
| 2009 | $173,839 + $105,520 $279,359 | $2,988 |
| 2009 | $173,427 + $105,269 $278,696 | $2,988 |
| 2008 | $170,431 + $103,451 $273,882 | $2,867 |
| 2007 | $167,090 + $101,423 $268,513 | $2,798 |
$0
NSBCRMLS
Price Changed 2024-05-10
$2,500,000
NSBCRMLS
Price Changed 2024-05-10
$2,500,000
TheMLSCLAW
Price Changed 2024-05-10
$2,500,000
SantaBarbara
Price Changed 2024-05-10
$2,500,000
SantaBarbara
Listed 2024-04-30
$2,895,000
SantaBarbara
Listed 2024-04-29
$2,895,000
TheMLSCLAW
Listed 2024-04-29
$2,895,000
NSBCRMLS
Listed 2024-04-29
$2,895,000
SantaBarbara
Year Built: 1962
Levels: Two Level
Living Area Source: Plans
Property Age: 62
Levels or Stories: 2
Building Total Stories: 2
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.