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19-Unit Apartment Property at 427 W Montecito St, Santa Barbara

, CA

Price: $5,995,000
19-Unit Apartment Property at 427 W Montecito St, Santa Barbara, CA

Property Details

Lot Size0.24 acres
Year1962 Bldg Size7,225 sq. ft

Property Description

Twilight Apartments is a well-located multi-family property in Santa Barbara's West Beach area, close to Santa Barbara Harbor, West Beach, Santa Barbara City College, Pershing Park, and all that Santa Barbara's waterfront has to offer. Property consists of (1) 2Bed/1Bath, (6) 1Bed/1Bath, and (12) Studios, for a total of 19 units in 2 buildings. Property was originally built in 1962 and has a Certificate of Occupancy as apartments. R4 zoning provides investors flexibility on whether to keep a long term rental or use as student housing or convert to hotel/hospitality. All utilities are master metered. Studio apartments have compact kitchenettes. There are 19 tuck-under parking spaces and a common area laundry room.

Property Type: Multi-Family

Property Status: Sold

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427 W Montecito St, Santa Barbara, California 93105

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