$2,150,000
PENDING

Estimated payment $13,831/month

Total Views 3,061
-- Bed
-- Bath
3,670 Sq Ft
$586 Price per Sq Ft

Highlights

  • Property is near park, public transit, and bus stop
  • Wood Flooring
  • Forced Air Heating System
  • San Marcos Senior High School Rated A-
  • Laundry Room
  • 2-minute walk to Oak Park

About This Home

This 6 unit apartment complex is located directly across the street from Cottage Hospital in Santa Barbara. The current rents are approximately 59% of market rents. The 2-story building consists of all 1 bedroom 1 bath units.

Listing Agent

Jim Turner

JT Real Estate Group License #00970829 Listed on: 06/06/2026

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 7,405 Sq Ft Lot
  • Property is in average condition

Home Design

  • Slab Foundation

Interior Spaces

  • 3,670 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Flooring

  • Wood
  • Carpet
  • Vinyl Plank

Parking

  • 7 Open Parking Spaces
  • 7 Parking Spaces

Location

  • Property is near park, public transit, and bus stop
  • Property near a hospital

Schools

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

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Assessor Parcel Number 025-051-013
  • Seller Considering Concessions

Community Details

Overview

  • 6 Units
  • 20 Oak Park Subdivision

Building Details

  • Gross Income $106,740
  • Net Operating Income $58,441

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

7,405 Sq Ft Lot

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1964
  • Income Expenses Annual Income: 106740.0
  • Capitalization Rate: 2.7
  • Gross Rent Multiplier: 20.1
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: No
  • Meters Sep Meter Wtr: N
  • Miscellaneous Parking Spaces: 7.0
  • Building Stories: 2
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Near Public Transit
  • Subdivision Name: 20 - Oak Park
  • Reso Flooring: Carpet, Wood/Laminate
  • New Construction: No
  • Reso Property Condition: Average
  • Property Information Year Built2: 1964
  • Property Information Apx # Acres: 0.17
  • NeighborhoodSchools Elementary School: Peabody
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • Parking Info Total # Unconvered Spaces: 7.0
  • Foundation:Slab: Yes
  • Proximity Near Park(s)2: Yes
  • Laundry Laundry Room2: Yes
  • Property Information Main House SqFt: 3670.0
  • Property Information Apx Lot SqFt: 7405.0
  • Proximity Near Bus: Yes
  • FlrWdw Coverings Carpet: Yes
  • FlrWdw Coverings WoodLaminate2: Yes
  • Proximity Near Hospital2: Yes
  • General Property Information Stories2: 2.0
  • Condition Average2: Yes
  • Income Expenses Actual: Yes
  • IncomeExpenses NOI2: 58,441
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Exterior Features

  • Acres: 0.17
  • Foundation Details: Slab

Garage/Parking

  • Attached Garage: No
  • Open Parking Spaces: 7.0
  • Parking Features: Outside
  • Total Parking Spaces: 7.0

Utilities

  • Heating: Forced Air
  • HeatingYN: Yes

Schools

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

Lot Info

  • Parcel #: 025-051-013
  • Zoning: R-4
  • Lot Size Sq Ft: 7405.0

Multi Family

  • Number Of Units Total: 6
  • Annual Gross Income: 106740.0

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/12/2026 07/12/26 Pending -- -- --
06/06/2026 06/06/26 For Sale $2,150,000 -- $586 / Sq Ft
Source: Santa Barbara Multiple Listing Service

Source: Santa Barbara Multiple Listing Service

MLS Number: 26-1880

Santa Barbara Multiple Listing Service
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