Charming Westside Multi-Family

Charming Westside Multi-Family
$1,295,000

Published on November 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 presents 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.

The cornerstone of the Property is a single-story cottage with an enclosed front patio (Unit A). Offering 2 bedrooms and 1 full bath, the home features a Great Room with newer windows and doors, hardwood floors, built-in cabinetry, a breakfast bar, and a remodeled kitchen with granite counter tops and stainless appliances. There is off-street parking available for 2 cars, as well as a dedicated storage locker and laundry shed. Unit A is tenant occupied and leased until June, 2020.

A second cottage (Unit B) is located behind Unit A. This 1-bed, 1-bath home features a remodeled kitchen with stainless appliances and convenient breakfast bar, and a sunny living room with newer windows and a sliding glass door that accesses a private covered patio. A studio (Unit C) is located at the rear of the parcel and offers a full kitchen, walk-in closet, full bath, private deck and lush landscaping. Both Unit B and Unit C are currently rented month-to-month and will be sold fully furnished.

Perfect for an owner/occupant seeking income generation or an investor looking for strong cash flow with upside potential, this offering has not been for sale in 17 years.

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Property Location

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