$2,950,000

Estimated payment $19,290/month

Total Views 151
9 Beds
-- Bath
4,000 Sq Ft
$738 Price per Sq Ft

About This Home

First Time on the Market! Seller will not look at offers prior to July 30th. Nestled in the heart of Santa Barbara's desirable Oak Park neighborhood, 19 W. Padre Street presents a rare opportunity to own a well-maintained, character-rich multi-family property. This 7-unit complex comprises three distinct buildings, offering a mix of five 1-bedroom/1-bathroom units and two 2-bedroom/1-bathroom units, ideal for investors seeking stable, long-term rental income or those looking to live in one unit while renting out the others. The property's thoughtful layout across three buildings provides a sense of privacy and space for residents, enhancing the overall living experience.Two units to be delivered vacant - rents listed are projected market rent. Unit F is currently unpermitted.

Listing Agent

Steve Golis

Radius Commercial RE License #00772218 Listed on: 07/16/2025

Radius Commercial RE

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Home Design

  • 4,000 Sq Ft Home
  • Raised Foundation
  • Composition Roof

Additional Features

  • 9 Bedrooms
  • 0.31 Acre Lot
  • Wall Furnace

Community Details

  • 7 Units
  • Net Operating Income $132,778

Listing and Financial Details

  • Assessor Parcel Number 025-311-026

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

0

Listing Details

  • FILLACRES: 0.31
  • ApproxYrBlt: 1940
  • Listing Member Name: Steve Golis
  • Listing Office Short Id: 201000172
  • List Office Board Code: Santa Ynez Valley
  • Lot Size Sq Ft: 13504.00
  • Major Area: 99 - Out of Area
  • Open House Office I D: 20170308161132520412000000
  • Property Sub Type: Multi Family
  • Prop. Type: Multi-Family
  • Tract Suffix: Street
  • Income And Expenses Cap Rate: 4.50
  • Special Features: None
  • Year Built: 1940

Interior Features

  • Year Built Exception: Unknown
  • Total Bedrooms: 9

Exterior Features

  • Foundation: Raised
  • Roof: Composition

Utilities

  • Air Conditioner: None
  • Heating: Wall Furnace

Rental Info

  • Deposit: 3.00

Tax Info

  • Assessor Parcel Number: 025-311-026

Multi Family

  • Income And Expenses Net Operating Income: 132778.00
  • Total Number Units: 7

Map

Range of Values:

Collateral Analytics

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ICE

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Quantarium

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Average Value
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List Price
Sold Price
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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
07/16/2025 07/16/25 For Sale $2,950,000 -- $738 / Sq Ft
Source: North Santa Barbara County Regional MLS

Source: North Santa Barbara County Regional MLS

MLS Number: 25001428

North Santa Barbara County Regional MLS