427 West Islay Street

Santa Barbara, CA 93101

$6,750,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Sheri Apartments is a 22-unit multi-family building close to downtown Santa Barbara, 4 blocks west of State Street, and 5 blocks south of Santa Barbara Cottage Hospital. Very low cost per unit for Santa Barbara! Originally built in 1968, the property sits on a 16,117 SF lot, and the rentable space is approximately 7,088 SF. Property consists of (2) small 1Bed/1Bath and (20) studio units, all separately metered for electricity and gas. There are 22 uncovered parking spaces and a common laundry area....Sheri Apartments is a 22-unit multi-family building close to downtown Santa Barbara, 4 blocks west of State Street, and 5 blocks south of Santa Barbara Cottage Hospital. Very low cost per unit for Santa Barbara! Originally built in 1968, the property sits on a 16,117 SF lot, and the rentable space is approximately 7,088 SF. Property consists of (2) small 1Bed/1Bath and (20) studio units, all separately metered for electricity and gas. There are 22 uncovered parking spaces and a common laundry area. Property may be purchased with 3963 Via Lucero, a 16-unit apartment building which is also being sold by the same seller.
  1. Listed by Steven Battaglia • DRE #01318215 • Battaglia Commercial Real Esta

Property Details for 427 West Islay Street

Zoning
R-4
Cross Street
Castillo
Recurring Fees
No

Location

Listing Courtesy of Battaglia Commercial Real Esta, Steven Battaglia, DRE #01318215
Add your commute
LISTING UPDATED: 12/08/2023 04:43 PM

Property Details for 427 West Islay Street

StatusPending
MLS #23-2714
Days on Market30
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi-Family
Year Built-
Lot Size0.37 AC / 16,117 SF
CountySanta Barbara County

Location

Listing Courtesy of Battaglia Commercial Real Esta, Steven Battaglia, DRE #01318215
Add your commute

Building Information for 427 West Islay Street

Stories-Residences22Year Built-Building Size-Lot Size0.37 AC / 16,117 SF

Payment Calculator

$37,293 per month

30 year fixed, 7.25% Interest

Principal and Interest

$36,838

Property Taxes

$455

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 427 West Islay Street

Details
Features
  • District: 20 - SB/WEST OF STATE
  • Property Type: B
  • Laundry: Laundry Room
Parking/Garage
  • Parking Info: Uncovered
Location Info
Location Info
  • Tax Parcel Number: 027-081-021
  • LotLocation: Near Hospital
  • City: SANTA BARBARA
  • County: Santa Barbara
  • Postal Code: 93101
Neighborhood/Schools
  • Elementary School: Other
  • High School: Other
  • Junior High School: Other
Property / Assessor Information
Property / Assessor Info
  • Nbr of Acres: 0
  • Condition: Fair
  • Foundation: Slab
  • Reports Available: P & L, Pest Inspection
  • Realtorcom Type: Multi-Family
  • Total # Units: 22
Utility Info
  • Meters Sep Meter Elec: N
  • Meters Sep Meter Gas: No
Unit Info
Unit 1 Info
  • Unit 1Furnished: N
  • Unit 1Num Of Baths: 1
  • Unit 1Num Of Bedrooms: 1
  • Unit 1Num Of Half Baths: 0
  • Unit 1Num Of Units: 1
  • Unit 1Monthly Total: $2,400
  • Unit 1Rent: $2,400
Unit 2 Info
  • Unit 2Num Of Baths: 1
  • Unit 2Num Of Bedrooms: 1
  • Unit 2Num Of Units: 1
  • Unit 2Monthly Total: $2,300
  • Unit 2Rent: $2,300
Unit 3 Info
  • Unit 3Num Of Baths: 1
  • Unit 3Num Of Bedrooms: 0
  • Unit 3Num Of Units: 20
  • Unit 3Monthly Total: $4,200
  • Unit 3Rent: $2,100
Contract Info
Contract Info
  • Deposit: 200000
  • List Price: $6,750,000.00
  • Terms: Cash, Ctnl
  • Contract Date: 10-10-2023
  • Status: Pending

Property History for 427 West Islay 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 427 West Islay Street

Taxable ValueLand$123,106Additions$385,259Total$508,365
Tax Record2023$5,456 ($455 / month)
Home Facts
Lot Size16,117 SqFtStyleMulti-Family Res (5+ Units)CountySANTA BARBARAAPN027-081-021

Schools near 427 West Islay Street

This home is within Santa Barbara Unified School District.
RatingSchoolTypeGradesDistance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
RatingSchoolDistance
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.

Similar Homes

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Similar Sold Homes

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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 Battaglia Commercial Real Esta, Steven Battaglia, DRE #01318215

Based on information from the Santa Barbara MLS as of 09/11/2023 12:00 AM, display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and may or may not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purposes other than to identify prospective properties consumers may be interested in purchasing. Data last updated on 12/08/2023 04:43 PM