Closed
427 W Montecito Street
Santa Barbara CA, 93101
$4,800,000
$664.36 per sqft
Closed
20 Beds
7,225 sqft
Multi-family
Built in 1962
Courtesy of Steven R Battaglia, Battaglia Commercial RE
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. Income and GRM shown are proforma
23001545
MLSⓇ ID
May 9, 2024
Updated
Map
427 W Montecito Street
Santa Barbara CA, 93101
Interior Features
Total Stories
3
Bedrooms
20
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.24 Acres
Sewer
Public Sewer
Other Property Details
Area Name
99 - Out of Area
Days on Market
47
Garage
No
View
No
County
Santa Barbara
Water Source
Public
Pool
No
Zoning
Multi-Fam R4
Listing History
Date | Event | Price |
|---|---|---|
12/30/2023 | Price Change | $4,800,000 -20% |
12/30/2023 | Sold | $4,800,000 |
12/19/2023 | Pending | — |
10/27/2023 | Under Contract | — |
Listed by Battaglia Commercial RE, Steven R Battaglia,
Listing Contact: 8056885333
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