614-618 W. Pedregosa St. Santa Barbara, CA 93101

614-618 W. Pedregosa St.
Santa Barbara, CA 93101

Property Type
10 Units
Santa Barbara

This well maintained property comprises three buildings: two apartment buildings and one freestanding, 3BD+1BA house. The apartments include (1) 3BD+1BA, (4) 2BD+1BA, and (4) 1BD+1BA. The property also features 8 carport spaces, plus 3 additional spaces. Nestled on a residential block with only light traffic, the buildings are situated on a deep lot with lush landscaping providing a quiet, oasis-like feel despite their proximity to the Mission St./101 Fwy. interchange. Harding Elementary School & La Cumbre Junior High School are nearby, and downtown Santa Barbara is within easy bicycling distance. This property has not been available for sale in decades and is competitively priced at $437,000/unit with a proforma cap rate of 4.2%. Please contact listing agents for additional information.

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