Sold

Closed

427 W Montecito Street

Santa Barbara CA, 93101

$4,800,000


$664.36 per sqft

Sold

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

September 8, 2023

Listed

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 

© 2024 by the following Associations of REALTORS®: Lompoc Valley, Santa Maria and Santa Ynez Valley. All Rights Reserved.

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