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Berkshire Hathaway HomeServices California Properties Berkshire Hathaway HomeServices California Properties
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427 W Islay Street Santa Barbara, CA 93101
$6,995,000 0 beds, 0 baths
0 sqft
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The Keaty Team

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Agent Remarks

22 Units in the Heart of Santa Barbara. This is an incredible investment opportunity, ideally situated to take advantage of the city's robust rental market. This property features a mix of 1-bedroom, 1-bathroom apartments and cozy studios. A convenient common laundry facility adds to the property's appeal for tenants. Recent upgrades too numerous to mention. Ample off-street parking. Priced to deliver a cap rate of over 5 percent, this investment offers both strong cash flow and potential for long-term appreciation. With its prime location near Cottage Hospital and the entire medical district, residents will enjoy easy access to Santa Barbara's dining, shopping, and entertainment, making this property a standout addition to any investor's portfolio.

Listing Details

Property type: (Residential Income)
Status: Pending
MLS# 24-2981
List price is $6,995,000 Reduced by $400,000 on 10/10/2024
Beds: 0
Baths: 0
Built in 1968
0.37 acres
Lot size: 0.3700
Subdivision: 15 or 20 - Downtown
County: Santa Barbara
Zoning: R-4
Lot description: Near Public Transit
MLS area: 20 - SB/WEST OF STATE

Last Updated: 12/20/2024

 Find more SANTA BARBARA homes and real estate

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This listing belongs to the 20 - SB/WEST OF STATE MLS area

 Find more homes in the 15 or 20 - Downtown subdivision

Lat/Long: 34.423671, -119.717048.
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Listing Agent: Steve Epstein
Co Listing Agent: The Epstein Partners
Lic#: 01276603
Office Name: Tustin

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Area Overview

Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

Community Characteristics:

Occupancy Type

White/Blue Collar Jobs

Population by Gender

Hispanic/Non-Hispanic Population

Compared to National:

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Lic#: 01276603

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Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
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© 2025 Berkshire Hathaway HomeServices California Properties (BHHSCP) is a member of the franchise system of BHH Affiliates LLC. BHHS and the BHHS symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. BHH Affiliates LLC and BHHSCP do not guarantee accuracy of all data including measurements, conditions, and features of property. Information is obtained from various sources and will not be verified by broker or MLS. Buyer is advised to independently verify the accuracy of that information.
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