609 W Junipero Street

Samarkand, Santa Barbara, CA 93105

$4,500,000
Multi Family Townhouse

AGENTS

Douglas Elliman
Douglas Elliman

Property Description

11 Unit residential income property less than 2 blocks from Cottage Hospital and many surrounding medical facilities. Actual cap rate of ~3.03% with an impressive market level cap rate of ~5.45%; compare that to any other investment property on the market. Adjacent to Mission Creek and just across the street from 17 beautiful acres comprising Oak Park. Zoned for medical offices. Prime real estate in an amazing location that has seen consistent medical facility expansion in recent years. 0.51 acre property with 11,466 square feet of structure. 9 units are 2 bedroom, 2 bathroom; 2 units are 1 bedroom, 1 bathroom. The average unit size is over 1,000 square feet, with a purchase price of only $392 per square foot... in Santa Barbara!
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PROPERTY DETAILS

  • Property Type
    Multi Family Townhouse
  • Year Built
    1973
  • MLS/Listing ID
    21-2270
  • Days On Market
    131

Amenities

  • Terrace
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Listing Courtesy of Santa Barbara Estates

LOCATION

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TRAVEL TIMEFROMSamarkand
TYPE OF TRANSPORTATION