323 W Islay St, Santa Barbara, CA 93101 Homes for Sale

For Sale

$2,500,000

• 7 beds
• 6 baths
• 3360 Sq Ft

323 W Islay Street,
Santa Barbara, CA, 93101

Latitude 34.425064 - Longitude -119.715843

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Overview

Listing Status Active

MLS 24000763

Property Type

Multi Family

Year built

1962

Total rooms

7

Lot size

0.15 Acres

Time on NeighborWho

-

Stories

-

Price per Sq Ft

$744

Parking

0e0 car garage

Basement

-

About 323 W Islay Street, Santa Barbara, CA

Introducing Casa Napoli, a meticulously cared for and recently updated 5-unit apartment building nestled in the vibrant heart of Downtown Santa Barbara. Owned by the same family for nearly 50 years, this property exudes pride of ownership. Offering a spacious 3-bedroom, 2-bathroom unit as well as four 1-bedroom, 1-bathroom units totaling... 3,360sq.ft., Casa Napoli offers versatile living spaces to suit a variety of lifestyles. Tenant amenities include both covered and uncovered parking for residents, as well as a convenient coin-operated community laundry room. A low maintenance asset with recent upgrades to the property including a brand-new roof over both the building and carport, ABS plastic sewer line, modernized plumbing and electrical systems, dual pane windows, and an extensiveinterior renovation throughout all units. A rare opportunity to own one of Santa Barbaras sought after apartment buildings!Current rents total $147,000 annually (4.22% cap). Total market rents are projected to be $190,800 annually (5.92% cap). Upon request, the offering memorandum, title report, natural hazards disclosure, reports/inspections and seller disclosures can be provided. Showings will be May 15th and 22nd by appointment only. Read more

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