Just Sold! Charming Westside Multi-Family

Just Sold! Charming Westside Multi-Family
$1,300,000

Published on December 5, 2019 by

Address:
820 West Islay Street
Zip / City:
93101 Santa Barbara
State:
CA
Bedrooms:
4
Bathrooms:
3
Square Feet:
not specified

Description

Located on a quiet street in Santa Barbara’s up and coming Westside neighborhood, this 3-unit offering just sold over asking price for $1,300,000 with multiple offers. Presenting a rare opportunity to acquire a well-maintained and updated asset mix consisting of a 2-bed, 1-bath cottage with front patio; a 1-bed, 1-bath cottage with private patio; and a studio with full kitchen and bath, and a private deck, this offering was perfect for an owner/occupant seeking income generation or an investor looking for strong cash flow with upside potential (the investment penciled at a 4.4 cap rate based on current income and expenses).

820-west-islay-hero

Property Location

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