Turner Foundation (Non-Profit) owned property, currently providing 45 units of housing and 54 parking spaces with Community Learning Center, Programs and Services on site. Gross income $1.1m per year and current rent is 35% below market rate.
Past Year NOI $802K with Non-Profit property tax exemption status equating to a 4.9% cap rate. New buyer may potentially retain Turner Foundation Non-Profit property tax exemption status if Turner Foundation remains as an Operating Partner. Buyer to verify all information.
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Street View
$15,000,000
1502 San Pascual St, Santa Barbara, CA 93101
79beds
45baths
--sqft
Multi Family
Built in 1972
-- sqft lot
$14,822,000 Zestimate®
$--/sqft
$3,755 Estimated rent
Home value
$14,822,000
$13.19M - $16.75M
$3,755/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
20/Twenty Group 01968703 / 02067856 / 02057028 805-900-0995,
Compass,
Jim Turner 00970829 805-724-0557,
JT Real Estate Group
Bought with:
Non Member Agent
Non Member Office
Source: SBMLS,MLS#: 24-571
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 79
- Bathrooms: 45
Appliances
- Laundry: Laundry Room
Features
- Flooring: Vinyl, Carpet
- Has fireplace: No
Property
Parking
- Total spaces: 54
- Parking features: Carport, Open
- Carport spaces: 24
- Uncovered spaces: 30
Lot
- Size: 1 Acres
- Features: Near Public Transit
Details
- Parcel number: 043252015
- Zoning: R-4
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Good
- Year built: 1972
Community & HOA
Location
- Region: Santa Barbara
Financial & listing details
- Date on market: 9/6/2024
- Cumulative days on market: 355 days
- Listing terms: Cash,Ctnl
- Total actual rent: 90973
Price history
| Date | Event | Price |
|---|---|---|
| 12/31/2024 | Sold | $15,000,000-5.7% |
Source:  SBMLS #24-571 Report a problem | ||
| 9/6/2024 | Pending sale | $15,900,000 |
Source: SBMLS #24-571 Report a problem | ||
| 9/6/2024 | Listed for sale | $15,900,000 |
Source: SBMLS #24-571 Report a problem | ||
| 8/16/2024 | Listing removed | $15,900,000 |
Source: SBMLS #24-571 Report a problem | ||
| 4/12/2024 | Price change | $15,900,000-3.6% |
Source: SBMLS #24-571 Report a problem | ||
| 4/10/2024 | Listed for sale | $16,500,000 |
Source: SBMLS #24-571 Report a problem | ||
| 3/25/2024 | Pending sale | $16,500,000 |
Source: SBMLS #24-571 Report a problem | ||
| 2/24/2024 | Listed for sale | $16,500,000 |
Source: SBMLS #24-571 Report a problem | ||
| 2/1/2024 | Listing removed | -- |
Source: SBMLS #23-2347 Report a problem | ||
| 11/20/2023 | Price change | $16,500,000-5.7% |
Source: SBMLS #23-2347 Report a problem | ||
| 8/8/2023 | Listed for sale | $17,500,000+2.9% |
Source: SBMLS #23-2347 Report a problem | ||
| 4/1/2023 | Listing removed | -- |
Source: SBMLS #22-3416 Report a problem | ||
| 10/12/2022 | Listed for sale | $17,000,000 |
Source: SBMLS #22-3416 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Westside
Nearby homes
- $--2 bd1 ba884 sqft1502 San Pascual St #H, Santa Barbara, CA 93101Off Market
- $1,614,7002 bd1 ba1.7k sqft1518 San Pascual St, Santa Barbara, CA 93101Off Market
- $--1 bd1 ba650 sqft1518 San Pascual St #B, Santa Barbara, CA 93101Off Market
- $--2 bd1 ba-- sqft1518 San Pascual St UNIT A, Santa Barbara, CA 93101Off Market
- $2,611,0002 bd1 ba884 sqft1508 San Pascual St APT A, Santa Barbara, CA 93101Off Market
- $1,399,0005 bd2 ba1.7k sqft1522 San Pascual St, Santa Barbara, CA 93101Sold
- $2,547,8001 bd1 ba591 sqft1506 San Pascual St APT B, Santa Barbara, CA 93101Off Market
- $1,844,3005 bd3 ba1.9k sqft1528 San Pascual St, Santa Barbara, CA 93101Off Market
Nearby schools
GreatSchools rating
- 7/10Adams Elementary SchoolGrades: K-6Distance: 1.4 mi
- 6/10La Cumbre Junior High SchoolGrades: 7-8Distance: 0.8 mi
- 8/10San Marcos Senior High SchoolGrades: 9-12Distance: 4.3 mi
Schools provided by the listing agent
- Elementary: Harding
- Middle: LaCumbre
- High: San Marcos
Source: SBMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$14,822,000
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- California
- Santa Barbara County
- Santa Barbara
- 93101
- Westside
- 1502 San Pascual St
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