1502 San Pascual Street
1502 San Pascual Street
$15,900,000
79
45
—
—
—
Listed By Compass
Description
Turner Foundation (Non-Profit) owned property, currently providing 45 units of housing and 54 parking spaces with Community 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. New buyer may potentially retain Turner Foundation Non-Profit property tax exemption status if Turner Foundation remains as an Operating Partner. Buyer to verify all...Turner Foundation (Non-Profit) owned property, currently providing 45 units of housing and 54 parking spaces with Community 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. New 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.
Listing Agents
Property Details for 1502 San Pascual Street
Zoning
R-4
Cross StreetW Micheltorena St
Recurring FeesNo
Location
LISTING UPDATED: 04/24/2024 05:02 PM
Property Details for 1502 San Pascual Street
Status | Active |
---|---|
MLS # | 24-571 |
Days on Market | 54 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Multi-Family |
Year Built | 1972 |
Lot Size | 1.00 AC / 43,560 SF |
County | Santa Barbara County |
Location
Building Information for 1502 San Pascual Street
Stories-Residences45Year Built1972Building Size-Lot Size1.00 AC / 43,560 SF
Payment Calculator
$99,543 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1502 San Pascual Street
Property History for 1502 San Pascual Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1502 San Pascual Street
Taxable ValueLand$4,620,723Additions$9,841,539Total$14,462,262
Tax Record2023$153,240 ($12,770 / month)
Home Facts
Total Finished SqFt15,820 SqFtAbove Grade Finished SqFt15,820 SqFtLot Size43,560 SqFtStyleMulti-Family Res (5+ Units)CountySANTA BARBARAAPN043-252-015
Schools near 1502 San Pascual Street
This home is within Santa Barbara Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Public - | 7 to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 6 |
Rating | School | Distance |
---|---|---|
Adams Elementary School PublicK to 6 | ||
La Cumbre Junior High School Public7 to 8 | ||
San Marcos Senior High School Public9 to 12 | ||
Santa Barbara Community Academy PublicK to 6 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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