16 W. Mission St. Santa Barbara, CA 93101

16 W. Mission St.
Santa Barbara, CA 93101

Property Type
Multi-Family
Price
$13,500,000
Units
23 Units
Land Size
0.65 Acres
County
Santa Barbara

Fully renovated & stabilized 23-unit apartment building in Santa Barbara at a 4% cap rate on current actuals

This 23-unit apartment asset showcases a rare level of quality in a core Santa Barbara location. Originally built in the 1950’s and 1970’s, no expense was spared as the property underwent an exhaustive renovation between 2019–2020, including impeccable interior updates, lovely new courtyard landscaping and new parking. One must view this gem to fully appreciate the extent of craftsmanship & attention to detail. Rents also are fully stabilized and additional upside includes construction of two permit ready ADU units.

Upgrades & Amenities

· New Electrical System
· In-Unit Laundry
· New Landscaping & Amenities
· Fully Renovated Interiors
· New Windows
· Dishwashers
· New Roof
· New Parking Lot
· Fire Sprinklers Throughout
· New Plumbing System

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