323 West Islay Street
323 West Islay Street
$2,500,000
7
6
3,360
3,360
$744
Virtual Tour
Description
Introducing Casa Napoli, 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 spacious 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 for residents,...Introducing Casa Napoli, 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 spacious 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 for residents, as well as a convenient coin-operated community laundry room. A low maintenance asset with recent upgrades to the property including a brand-new 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.
- Listed by Stephen Epstein • DRE #00994429 • Brokerage DRE #01277907 • Keller Williams Realty Santa Barbara
Property Details for 323 West Islay Street
Zoning
R-4
Parcel Number027082027
Total Units5.0
Living Area3360
Source Living AreaPlans
AreaSanta Barbara (VC81)
Vacancy Rate1
Lot Size Area6534
Location
LISTING UPDATED: 05/10/2024 11:38 AM
Property Details for 323 West Islay Street
Status | Active |
---|---|
MLS # | 24-383471 |
Days on Market | 19 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1962 |
Lot Size | 0.15 AC / 6,534 SF |
County | Santa Barbara County |
Location
Virtual Tour
Building Information for 323 West Islay Street
Stories2Residences-Year Built1962Building Size-Lot Size0.15 AC / 6,534 SF
Payment Calculator
$13,954 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 323 West Islay Street
Property History for 323 West Islay 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 323 West Islay Street
Taxable ValueLand$130,600Additions$215,163Total$345,763
Tax Record2023$3,725 ($310 / month)
Home Facts
Lot Size6,534 SqFtStyleMulti-Family Res (5+ Units)CountySANTA BARBARAAPN027-082-027
Schools near 323 West Islay 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 - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Santa Barbara Community Academy PublicK to 6 | ||
Santa Barbara Junior High School Public7 to 8 | ||
Santa Barbara Senior High School Public9 to 12 | ||
La Cuesta Continuation High School Public9 to 12 |
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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