1502 San Pascual Street

Santa Barbara, CA 93101

$15,900,000
Price
79
Beds
45
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.

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

  1. 20/Twenty Group

    20/Twenty Group

    Listing Agent

    Compass

    DRE #01968703 / 02067856 / 02057028 / 01991628 / 01946357

    20twenty@compass.com

    P: 805.900.0995

  2. Bowen Lee

    Bowen Lee

    Listing Agent

    Compass

    DRE #01968703

    bowen.lee@compass.com

    P: 805.895.3503

  3. Daniel Girdler

    Daniel Girdler

    Listing Agent

    Compass

    DRE #02067856

  4. Amanda Girdler

    Amanda Girdler

    Listing Agent

    Compass

    DRE #02057028

Property Details for 1502 San Pascual Street

Zoning
R-4
Cross Street
W Micheltorena St
Recurring Fees
No

Location

Listing Courtesy of Compass, 20/Twenty Group, DRE #01968703 / 02067856 / 02057028 / 01991628 / 01946357; Compass, Bowen Lee, DRE #01968703; Compass, Daniel Girdler, DRE #02067856; Compass, Amanda Girdler, DRE #02057028; JT Real Estate Group, Jim Turner, DRE #00970829
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LISTING UPDATED: 04/24/2024 05:02 PM

Property Details for 1502 San Pascual Street

StatusActive
MLS #24-571
Days on Market54
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi-Family
Year Built1972
Lot Size1.00 AC / 43,560 SF
CountySanta Barbara County

Location

Listing Courtesy of Compass, 20/Twenty Group, DRE #01968703 / 02067856 / 02057028 / 01991628 / 01946357; Compass, Bowen Lee, DRE #01968703; Compass, Daniel Girdler, DRE #02067856; Compass, Amanda Girdler, DRE #02057028; JT Real Estate Group, Jim Turner, DRE #00970829
Add your commute

Building Information for 1502 San Pascual Street

Stories-Residences45Year Built1972Building Size-Lot Size1.00 AC / 43,560 SF

Payment Calculator

$99,543 per month

30 year fixed, 7.25% Interest

Principal and Interest

$86,773

Property Taxes

$12,770

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1502 San Pascual Street

Details
Features
  • District: 20 - SB/WEST OF STATE
  • Property Type: B
  • Amenities: Cable TV, Deck, Dishwasher, Disposal, Fncd Back, Fncd Prt, Gas Stove, Microwave, Ovens/Bltin, Patio, Refrigerator
  • Floor Window Coverings: Carpet, Vinyl
  • Laundry: Laundry Room
Parking/Garage
  • Parking Info: Carport,Uncovered
  • Total Carport Spaces: 24
  • Total Unconvered Spaces: 30
Miscellaneous
  • Parking Spaces: 54
Location Info
Location Info
  • Tax Parcel Number: 043-252-015
  • LotLocation: Near Bus, Near Park(s), Near School(s), Near Shopping
  • City: SANTA BARBARA
  • County: Santa Barbara
  • Postal Code: 93101
Neighborhood/Schools
  • Elementary School: Harding
  • High School: San Marcos
  • Junior High School: LaCumbre
Property / Assessor Information
Property / Assessor Info
  • Nbr of Acres: 1
  • Condition: Good
  • Realtorcom Type: Multi-Family
  • Total # Units: 45
Income / Expense Info
Income / Expense Info
  • NOI: 802167
  • Annual Income: $1,091,670
  • Total Monthly Income: $90,973
Unit Info
Unit 1 Info
  • Unit 1Furnished: N
  • Unit 1Num Of Baths: 45
  • Unit 1Num Of Bedrooms: 79
  • Unit 1Num Of Half Baths: 0
  • Unit 1Num Of Units: 45
  • Unit 1Monthly Total: $90,973
  • Unit 1Rent: $90,973
Contract Info
Contract Info
  • Deposit: 3
  • List Price: $15,900,000.00
  • Terms: Cash, Ctnl
  • Status: Active

Property History for 1502 San Pascual Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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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1502 San Pascual Street is a multi-family home for sale in Santa Barbara, CA 93101. This property was listed for sale on February 23, 2024 by Compass, it's currently listed at $15,900,000. It has been on the market for a total of 54 days and was last sold on July 2, 2014. This listing's school district is Santa Barbara Unified School District. Nearby schools include Adams Elementary School, La Cumbre Junior High School and San Marcos Senior High School. 1502 San Pascual Street is a 79-bed, 45-bath, multi-family home built in 1972.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, 20/Twenty Group, DRE #01968703 / 02067856 / 02057028 / 01991628 / 01946357; Compass, Bowen Lee, DRE #01968703; Compass, Daniel Girdler, DRE #02067856; Compass, Amanda Girdler, DRE #02057028; JT Real Estate Group, Jim Turner, DRE #00970829

Based on information from one of the following Multiple Listing Services: Santa Barbara MLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Santa Barbara MLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.