$2,295,000

15 W Islay St Santa Barbara, CA 93101

Oak Park Neighborhood

Estimated payment $14,703/month

Total Views 224
-- Bed
-- Bath
3,453 Sq Ft
$665 Price per Sq Ft

Highlights

  • Property is near an ocean
  • Santa Barbara Senior High School Rated A-
  • Property is near a park

About This Home

Opportunity to Own a Prime SB Multi-Family Asset w/ Major Upgrades & Future Value-Add Potential. 15 W. Islay St. features a 1920s duplex w/ (2) 1BD/1BA units & a 1963 triplex w/ (1) 2BD/1BA + (2) 1BD/1BA units, w/ upstairs tenants enjoying a shared balcony. Ideally located between Downtown & Upper State, residents benefit from easy freeway access & nearby shopping, dining & entertainment. Substantial recent upgrades provide a well-maintained asset in a strong rental market. Added value exists through rental upside & the City's ADU program. Current ownership has submitted plans to convert the carport into a Jr. ADU, plus potential for 2 detached ADUs at the rear.

Listing Agent

Steve Golis

Radius Group Commercial R.E. License #00772218 Listed on: 09/02/2025

Radius Group Commercial R.E.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Home Design

  • 3,453 Sq Ft Home

Parking

  • Carport
  • Uncovered Parking

Location

  • Property is near a park
  • Property is near public transit
  • Property near a hospital
  • Property is near schools
  • Property is near shops
  • Property is near a bus stop

Schools

  • Peabody Elementary School
  • S.B. Jr. Middle School
  • S.B. Sr. High School

Additional Features

  • Property is near an ocean
  • 7,405 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 027-101-006

Community Details

Overview

  • 5 Units

Building Details

  • Gross Income $141,180
  • Net Operating Income $77,345

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1920
  • Income Expenses Annual Income: 141180.0
  • Monthly Income: 11765.0
  • ResoLotFeatures: Near Public Transit
  • Property Information Year Built2: 1920
  • NeighborhoodSchools Elementary School: Peabody
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • Parking Info Carport2: Yes
  • Parking Info Uncovered: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Property Information Main House SqFt: 3453.0
  • Proximity Near Shopping2: Yes
  • Property Information Apx Lot SqFt: 7405.0
  • Proximity Near Bus: Yes
  • Proximity Near Hospital2: Yes
  • IncomeExpenses NOI2: 77345
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Acres: 0.17

Garage/Parking

  • Parking Features: Carport, Uncovered

Schools

  • Elementary School: Peabody
  • High School: S.B. Sr.
  • Middle Or Junior School: S.B. Jr.

Lot Info

  • Parcel #: 027-101-006
  • Zoning: Other
  • Lot Size Sq Ft: 7405.0

Multi Family

  • Number Of Units Total: 5
  • Annual Gross Income: 141180.0
  • Total Actual Rent: 11765.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/02/2025 09/02/25 For Sale $2,295,000 -- $665 / Sq Ft
Source: Santa Barbara Multiple Listing Service

Source: Santa Barbara Multiple Listing Service

MLS Number: 25-3289

Santa Barbara Multiple Listing Service
California Santa Barbara County Santa Barbara 93101 Oak Park

15 W Islay St, Santa Barbara, CA

This home is located at 15 W Islay St, Santa Barbara, CA 93101 and is currently priced at $2,295,000, approximately $664 per square foot. This property was built in 1920. 15 W Islay St is a home located in Santa Barbara County with nearby schools including Santa Barbara Junior High School, Santa Barbara Senior High School, and Peabody Charter School.

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Steve Golis
Listing Agent
Steve Golis
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Radius Group Commercial R.E.
(805) 694-0233