2015 Castillo St. Santa Barbara, CA 93105

2015 Castillo St.
Santa Barbara, CA 93105

Property Type
Multi-Family
Price
$2,795,000
Units
6 Units
Land Size
0.19 Acres
County
Santa Barbara

PRICE REDUCTION. This rare 6-unit apartment building is nestled within one of the most coveted areas of Santa Barbara. Just 3 blocks from Cottage Hospital in a quiet location close to amenities such as the Daily Grind, Mission Ice Cream, Cajun Kitchen, and Handlebar Coffee, the building provides a peaceful setting with easy access to everything one could hope for in Santa Barbara. The units are all 2 bedroom, one bath and all have their own patios or balconies. The building and units have all been extensively upgraded inside and out by ownership. The building is consistently leased up with little vacancy, with strong demand coming from young professionals and Cottage Hospital employees. There is room for upside in this investment as the neighborhood has seen increased renter demand, driving up rents. With a 4.56% capitalization rate already in place, this investment provides stability, upside, and pride of ownership.

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