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Courtesy of Steve Epstein, Keller Williams Realty Santa Barbara

Sold

427 W Islay Street

427 W Islay Street, SANTA BARBARA, CA 93101

$6,500,000

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.

1
bed

2
baths

0.37 Acres lot

Steve Epstein

title Senior Partner
EMAIL [email protected]
DRE # 00994429

Features & Amenities

Interior

total bedrooms1
Total bathrooms2
full bathrooms2

Area & Lot

Status Sold
Date Sold April 1, 2025
Lot Area0.37 Acres
MLS® ID24-2981
TypeResidential
YEAR BUILT1968
NeighborhoodWhat to Do in Santa Barbara and Montecito
Elementary SchoolPeabody
Middle SchoolS.B. Jr.
High SchoolS.B. Sr.

Exterior

lot featuresNear Public Transit

Financial

Sales Price$6,500,000
Zoning R-4

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1511 Chapala Street Santa Barbara CA 93101 1235 Coast Village Rd Suite F Montecito CA 93108

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