Sold

Closed

427 W Montecito Street

SANTA BARBARA CA, 93101

$4,800,000


$664.36 per sqft

Sold

Closed

3 Beds

3 Baths

7,225 sqft

Residential

Courtesy of Steven Battaglia, Battaglia Commercial Real Esta

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 is Proforma.

23-2686

MLS ID

September 8, 2023

Listed

May 9, 2024

Updated

Map

427 W Montecito Street
SANTA BARBARA CA, 93101

Interior Features

Bedrooms

3


Total Bathrooms

3


Full Bathrooms

3


Interior Features

Patio


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

School Information

High School

Other


Elementary School

Other

Other Property Details

Area Name

30 - SB/GOL SOUTH


Garage

No


Parking Total

19


View

No


County

Santa Barbara


Pool

No


Zoning

R-4


Buyer Agency Compensation

2.5%

Listing History

Date

Event

Price

12/30/2023

Price Change

$4,800,000

-20%

12/30/2023

Sold

$4,800,000

10/27/2023

Pending

Listed by Battaglia Commercial Real Esta, Steven Battaglia,
Listing Contact:  

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