Enjoy the benefits of a short-term typical investor return for the area, while working to realize significant long-term upside (5%-6%+ cap rate) which may be attainable for this central Santa Barbara multi-family asset. The location is a few blocks to Cottage Hospital, and within 1-2 miles of several other major employment centers and the signature Santa Barbara amenities of downtown restaurants/retail, the Theater/Arts district, the waterfront/beaches, and Santa Barbara City College. Along with close proximity to freeway access and artery streets allowing tenants ease-of-access, these factors combine to generate unmatched tenant demand. Recent upgrades include a brand-new roof and sewer lateral improvements. See Offering Memorandum in Documents. OPEN THURS. MAY 9th, 11am-1:30pm.
Property Details
Property Features
Property Information:
Year Built: 1964
Listing Office:
Office Name: Berkshire Hathaway HomeServices California Properties
Office Phone: (805) 687-2666, (805) 969-5026
Listing Agent: Randy Freed & Kellie Clenet, Ken Switzer
Exterior Features
Parking Information:
Parking: Uncovered
Lot Features
Lot Information:
Lot: Near Public Transit
Lot Size: 0.41 Acres
School Info
Assigned Schools Information:
San Marcos Senior High School, Public District Grades 9-12
La Cumbre Junior High School, Public District Grades 7-8
Santa Barbara Community Academy, Public District Grades KG-6
Adams Elementary School, Public District Grades KG-6
Price Information
Listing Price Info
Price Summary:
List Price: $5,250,000
Tax Information:
Annual Amount: $15,822
Tax Year: 2021
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MLS Details
MLS Information:
MLS Name: Santa Barbara Multiple Listing Service
MLS Number: #24-1428
Listing Office:
Office Name: Berkshire Hathaway HomeServices California Properties
Office Phone: (805) 687-2666, (805) 969-5026
Listing Agent: Randy Freed & Kellie Clenet, Ken Switzer
The data relating to real estate for sale on this web site comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. Real estate listings held by other are marked with the “MLS” logo and detailed information about them includes the name of the listing brokers. Based on information from the Santa Barbara MLS. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Displays of minimal information (e.g., “thumbnails”, text messages, “tweets”, etc., of two hundred [200] characters or less) are exempt from this requirement but only when linked directly to a display that includes all required disclosures. Audio delivery of listing content is exempt from this disclosure requirement only when all required disclosures are subsequently delivered electronically to the registered consumer performing the property search or linked to through the device’s application. Copyright 2024 Santa Barbara Multiple Listing Service. All rights reserved. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 5/18/2024, 1:20:38 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Feb 24, 1994
Feb 24, 1994Home Sold
$950,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$15,822
$1,504,661
2020
$15,821
$1,489,233
2019
$15,326
$1,460,033
2018
$15,326
$1,431,406
2017
$14,820
$1,403,340
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
5
/10
Santa Barbara Community Academy
850 Portesuello Ave
Distance between this listing and this school0.37 miles
Public District Grades KG-6
7
/10
Adams Elementary School
2701 Las Positas Rd
Distance between this listing and this school0.96 miles
Public District Grades KG-6
Middle School
4
/10
La Cumbre Junior High School
2255 Modoc Rd
Distance between this listing and this school0.30 miles
Public District Grades 7-8
High School
7
/10
San Marcos Senior High School
4750 Hollister Ave
Distance between this listing and this school3.89 miles
Public District Grades 9-12
Assigned Schools
5
/10
Santa Barbara Community Academy
850 Portesuello Ave
Distance between this listing and this school0.37 miles
Public District Grades KG-6
7
/10
Adams Elementary School
2701 Las Positas Rd
Distance between this listing and this school0.96 miles
Public District Grades KG-6
Nearby Schools
6
/10
Harding University Partnership
1625 Robbins St
Distance between this listing and this school0.54 miles
Public District Grades KG-6
Assigned Schools
4
/10
La Cumbre Junior High School
2255 Modoc Rd
Distance between this listing and this school0.30 miles
Public District Grades 7-8
Nearby Schools
3
/10
Santa Barbara Junior High School
721 E Cota St
Distance between this listing and this school1.84 miles
Public District Grades 7-8
7
/10
La Colina Junior High School
4025 Foothill Rd
Distance between this listing and this school2.67 miles
Public District Grades 7-8
Assigned Schools
7
/10
San Marcos Senior High School
4750 Hollister Ave
Distance between this listing and this school3.89 miles
Public District Grades 9-12
Nearby Schools
6
/10
Santa Barbara Senior High School
700 E Anapamu St
Distance between this listing and this school1.37 miles
Public District Grades 9-12
2
/10
La Cuesta Continuation High School
710 Santa Barbara St
Distance between this listing and this school1.44 miles
The neighbors living near this home have an average income of $57,500. Residents of Santa Barbara County, CA typically earn between $35k-100k each year. Residents typically live in single, no kids family. Typical level of education for residents in this area is post secondary degree.
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This home is located at 1924 San Pascual St in Santa Barbara, CA and zip code 93101 in the West Side neighborhood. This home, which was built in 1964, sits on a 0.41 acre lot. It has been listed on Rocket Homes since May 03, 2024 and is currently priced at $5,250,000.
Santa Barbara County, CA housing market in April 2024 saw over 65 listings sold above listed price, more than 33 sold at listed price and over 80 sold below. The number of listings in Santa Barbara County, CA increased by 12.9% between March 2024 and April 2024. The median list price of listings available in April 2024 was $1,256,464, while the average time on the real estate market was 34 days.
From Rocket Homes Real Estate and based on county public records data.
The data relating to real estate for sale on this web site comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. Real estate listings held by other are marked with the “MLS” logo and detailed information about them includes the name of the listing brokers. Based on information from the Santa Barbara MLS. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Displays of minimal information (e.g., “thumbnails”, text messages, “tweets”, etc., of two hundred [200] characters or less) are exempt from this requirement but only when linked directly to a display that includes all required disclosures. Audio delivery of listing content is exempt from this disclosure requirement only when all required disclosures are subsequently delivered electronically to the registered consumer performing the property search or linked to through the device’s application. Copyright 2024 Santa Barbara Multiple Listing Service. All rights reserved.
Yoga/pilates
Yoga/pilates
Symphony or Opera
Hiking/backpacking
H&M
Chico's
Nordstrom Rack
Dominos Pizza
Boston Market
Chipotle
Audi
Volvo
Mazda
Alternative
Talk/Personality
Rock