427 W Islay Street, SANTA BARBARA CA 93101

Pending

$6,995,000

427 W Islay Street, SANTA BARBARA, CA 93101

bedrooms

bathrooms

square feet

Acreage

0.37

Open Houses

year built

1968

Full Baths

Half Baths

Find out more

22 Units in the Heart of Santa Barbara. This is an incredible investment opportunity, ideally situated to take advantage of the city's robust rental market. This property features a mix of 1-bedroom, 1-bathroom apartments and cozy studios. A convenient common laundry facility adds to the property's appeal for tenants. Recent upgrades too numerous to mention. Ample off-street parking. Priced to deliver a cap rate of over 5 percent, this investment offers both strong cash flow and potential for long-term appreciation. With its prime location near Cottage Hospital and the entire medical district, residents will enjoy easy access to Santa Barbara's dining, shopping, and entertainment, making this property a standout addition to any investor's portfolio.

Location
Subdivision	15 Or 20 - Downtown
County	Santa Barbara
Elementary School	Peabody
Middle School	S.B. Jr.
High School	S.B. Sr.

Driving directions

Open houses

None scheduled.

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MLS number: 24-2981

Listing agent: Steve Epstein

Listing broker: Keller Williams Realty Santa Barbara (805) 456-3600

Copyright © 2025 Santa Barbara Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Wednesday, January 15 2025 at 12:06 a.m. EST

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