Prime investment opportunity with this centrally located, 14-unit multi-family property, just blocks from Cottage Hospital and close to downtown Santa Barbara's employment hubs, dining, shopping, and beaches. The 2-story building offers two 2-bed/1-bath and twelve 1-bed/1-bath apartments, all with easy access to major transit routes. Recent enhancements include a new roof, resurfaced driveway, updated parking, and sewer upgrades, contributing to strong tenant appeal. Achieve steady returns with significant long-term upside potential (5-6%+ cap rate possible). Offering Memorandum available in Documents; inspections upon request.
Closed
$4,790,000
1924 San Pascual St, Santa Barbara, CA 93101
3beds
3baths
--sqft
Multi Family
Built in 1964
-- sqft lot
$5,059,200 Zestimate®
$--/sqft
$3,866 Estimated rent
Home value
$5,059,200
$4.35M - $5.92M
$3,866/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Randy Freed & Kellie Clenet 805-895-1799,
Berkshire Hathaway HomeServices California Properties,
Ken Switzer 01245644 805-680-4622,
Berkshire Hathaway HomeServices California Properties
Bought with:
Ken Switzer, 01245644
Berkshire Hathaway HomeServices California Properties
Source: SBMLS,MLS#: 24-1428
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
Appliances
- Laundry: Laundry Room
Features
- Has fireplace: No
Property
Parking
- Total spaces: 15
- Parking features: Open
- Uncovered spaces: 15
Features
- Stories: 2
Lot
- Size: 0.41 Acres
- Features: Near Public Transit
Details
- Parcel number: 043132013
- Zoning: R-3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Foundation: Slab
Condition
- Good
- Year built: 1964
Community & HOA
Location
- Region: Santa Barbara
Financial & listing details
- Date on market: 11/9/2024
- Cumulative days on market: 146 days
- Listing terms: Cash,Ctnl
- Total actual rent: 29292
Price history
| Date | Event | Price |
|---|---|---|
| 11/12/2025 | Listing removed | $2,850 |
Source: Zillow Rentals Report a problem | ||
| 11/10/2025 | Price change | $2,850+3.6% |
Source: Zillow Rentals Report a problem | ||
| 10/30/2025 | Listed for rent | $2,750 |
Source: Zillow Rentals Report a problem | ||
| 8/7/2025 | Listing removed | $2,750 |
Source: Zillow Rentals Report a problem | ||
| 7/22/2025 | Price change | $2,750-3.5% |
Source: Zillow Rentals Report a problem | ||
| 7/9/2025 | Listed for rent | $2,850 |
Source: Zillow Rentals Report a problem | ||
| 11/26/2024 | Sold | $4,790,000-2.1% |
Source:  SBMLS #24-1428 Report a problem | ||
| 11/16/2024 | Pending sale | $4,895,000 |
Source: SBMLS #24-1428 Report a problem | ||
| 11/9/2024 | Price change | $4,895,000-1.1% |
Source: SBMLS #24-1428 Report a problem | ||
| 9/19/2024 | Pending sale | $4,950,000 |
Source: SBMLS #24-1428 Report a problem | ||
| 7/9/2024 | Price change | $4,950,000-5.7% |
Source: SBMLS #24-1428 Report a problem | ||
| 5/3/2024 | Listed for sale | $5,250,000 |
Source: SBMLS #24-1428 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Westside
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Nearby schools
GreatSchools rating
- 7/10Adams Elementary SchoolGrades: K-6Distance: 1 mi
- 6/10La Cumbre Junior High SchoolGrades: 7-8Distance: 0.4 mi
- 8/10San Marcos Senior High SchoolGrades: 9-12Distance: 3.9 mi
Schools provided by the listing agent
- Elementary: Harding
- Middle: S.B. Jr.
- High: S.B. Sr.
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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$5,059,200
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$5,160,384
- California
- Santa Barbara County
- Santa Barbara
- 93101
- Westside
- 1924 San Pascual St
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