1924 San Pascual Street

Santa Barbara, CA 93101

$5,250,000
Price
3
Beds
3
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Enjoy the benefits of a short-term typical investor return for the area, while working to realize significant long-term upside (5%-6%+ cap rate) which may be attainable for this central Santa Barbara multi-family asset. The location is a few blocks to Cottage Hospital, and within 1-2 miles of several other major employment centers and the signature Santa Barbara amenities of downtown restaurants/retail, the Theater/Arts district, the waterfront/beaches, and Santa Barbara City College. Along with...Enjoy the benefits of a short-term typical investor return for the area, while working to realize significant long-term upside (5%-6%+ cap rate) which may be attainable for this central Santa Barbara multi-family asset. The location is a few blocks to Cottage Hospital, and within 1-2 miles of several other major employment centers and the signature Santa Barbara amenities of downtown restaurants/retail, the Theater/Arts district, the waterfront/beaches, and Santa Barbara City College. Along with close proximity to freeway access and artery streets allowing tenants ease-of-access, these factors combine to generate unmatched tenant demand. Recent upgrades include a brand-new roof and sewer lateral improvements. See Offering Memorandum in Documents. Open thurs. MAY 9th, 11am-1:30pm.
  1. Listed by Randy Freed & Kellie Clenet • DRE #20131217230902415175000000 • Berkshire Hathaway HomeServices California Properties
    P: 805-895-1799 C: 805-895-1799 Team@theSantaBarbaralifestyle.com
  2. Listed by Ken Switzer • DRE #01245644 • Berkshire Hathaway HomeServices California Properties
    P: 805-680-4622 kenswitzer1@yahoo.com

Property Details for 1924 San Pascual Street

Zoning
R-3
Zoning:R-3
Yes
Location Info:Cross Street
Mission St
Property Information:Recurring Fees
No

Location

Listing Courtesy of Berkshire Hathaway HomeServices California Properties, Randy Freed & Kellie Clenet, DRE #20131217230902415175000000; Berkshire Hathaway HomeServices California Properties, Ken Switzer, DRE #01245644
Add your commute
LISTING UPDATED: 06/11/2024 11:17 AM

Property Details for 1924 San Pascual Street

StatusActive
MLS #24-1428
Days on Market45
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi-Family
Year Built1964
Lot Size0.41 AC / 17,859 SF
CountySanta Barbara County

Location

Listing Courtesy of Berkshire Hathaway HomeServices California Properties, Randy Freed & Kellie Clenet, DRE #20131217230902415175000000; Berkshire Hathaway HomeServices California Properties, Ken Switzer, DRE #01245644
Add your commute

Building Information for 1924 San Pascual Street

Stories2Residences14Year Built1964Building Size-Lot Size0.41 AC / 17,859 SF

Payment Calculator

$30,039 per month

30 year fixed, 7.25% Interest

Principal and Interest

$28,651

Property Taxes

$1,388

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1924 San Pascual Street

Details
Features
  • District: 20 - SB/WEST OF STATE
  • District: 20 - SB/WEST OF STATE
  • Laundry Features: Laundry Room
  • Laundry:Laundry Room: Yes
  • Roof: True
  • Heating/Cooling:Wall: Yes
  • Year Built Numeric: 1964
  • Stories: 2
  • Property Information:Stories: 2.0
  • Building Area Total: 0.0
Taxes and HOA Information
  • Parcel Number: 043-132-013
  • Association Fee: $.00
Parking/Garage
  • Open Parking Spaces: 15.00
  • Parking Features: Uncovered
  • Parking Info:Uncovered: Yes
  • Parking Info:Total # Unconvered Spaces: 15.00
Miscellaneous
  • Miscellaneous:# Refrigerators: 14.00
  • Miscellaneous:# Stoves: 14.00
  • Miscellaneous:Parking Spaces: 15.00
Room Info
Room Info
  • Total Bathrooms: .00
  • Bathrooms Total (Decimal): .00
  • Bathrooms Total (Notational): .00
Location Info
Location Info
  • Location Info:Compass Map: Santa Barbara
  • Location Info:Map Grid: N12
  • Proximity:Near Bus: Yes
  • Proximity:Near Hospital: Yes
  • Proximity:Near Park(s): Yes
  • Proximity:Near School(s): Yes
  • Proximity:Near Shopping: Yes
  • Lot Features: Near Public Transit
Neighborhood/Schools
  • Elementary School: Harding
  • Junior High School: S.B. Jr.
  • High School: S.B. Sr.
  • NeighborhoodSchools:Elementary School: Harding
  • NeighborhoodSchools:Junior High School: S.B. Jr.
  • NeighborhoodSchools:High School: S.B. Sr.
Property / Assessor Information
Property / Assessor Info
  • Foundation Details: Slab
  • Lot Size Square Feet: 17859.6
  • Lot Size Area: 0.41
  • Lot Size Acres: 0.41
  • Lot Size Units: Acres
  • Property Type Label: Res Inc
  • New Construction YN: No
  • Foundation:Slab: Yes
  • Condition:Good: Yes
  • Property Information:Realtor.com Type: Multi-Family
  • Property Information:Year Built: 1964.0
Income / Expense Info
Income / Expense Info
  • Income/Expenses:Gross Rent Multiplr: 15.49
  • Income/Expenses:Capitalization Rate: 3.76
  • Income/Expenses:Estimated: Yes
  • Income/Expenses:Taxes: $53,147.00
  • Income/Expenses:Insurance: $15,000
  • Income/Expenses:Water Expense: $17,276
  • Income/Expenses:Electric Expense: $2,039
  • Income/Expenses:Gas Expense: $7,442
  • Income/Expenses:Trash Expense: $10,400
  • Income/Expenses:Maintenance Expense: $19,232
  • Income/Expenses:Total Monthly Exp: $11,790
  • Income/Expenses:Total Annual Exp: $141,478.00
  • Income/Expenses:NOI: 197,367
  • Income/Expenses:Total Monthly Income: $27,612
  • Income/Expenses:Other Income: $625
  • Income/Expenses:Annual Income: $338,845
  • Gross Income: $338,845
  • Electric Expense: $2,039
  • Insurance Expense: $15,000
  • Maintenance Expense: $19,232
  • Trash Expense: $10,400
  • Gas Expense: $7,442
  • Water Expense: $17,276
  • OperatingExpense: $141,478
Unit Info
Unit Info
  • Number Of Units Total: 14
Unit 1 Info
  • Unit 1:# Units: 12
  • Unit 1:# Bedrooms: 1
  • Unit 1:# Baths: 1
  • Unit 1:# Half Baths: 0
  • Unit 1:Furnished: N
  • Unit 1:Rent: $1,850.00
  • Unit 1:Monthly Total: $22,202.00
Unit 2 Info
  • Unit 2:# Units: 2
  • Unit 2:# Bedrooms: 2
  • Unit 2:# Baths: 2
  • Unit 2:# Half Baths: 0
  • Unit 2:Rent: $2,707.00
  • Unit 2:Lease: Yes
  • Unit 2:Monthly Total: $5,410.00
Rental
Rental Information
  • Total Actual Rent: $27,612

Property History for 1924 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 1924 San Pascual Street

Taxable ValueLand$626,178Additions$939,270Total$1,565,448
Tax Record2023$16,651 ($1,388 / month)
Home Facts
Lot Size17,859 SqFtStyleMulti-Family Res (5+ Units)CountySANTA BARBARAAPN043-132-013

Schools near 1924 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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

1924 San Pascual Street is a multi-family home for sale in Santa Barbara, CA 93101. This property was listed for sale on May 3, 2024 by Berkshire Hathaway HomeServices California Properties, it's currently listed at $5,250,000. It has been on the market for a total of 45 days and was last sold on January 31, 1997. 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. 1924 San Pascual Street is a 3-bed, 3-bath, multi-family home built in 1964.

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 Berkshire Hathaway HomeServices California Properties, Randy Freed & Kellie Clenet, DRE #20131217230902415175000000; Berkshire Hathaway HomeServices California Properties, Ken Switzer, DRE #01245644

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.