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Sold for $4,800,000
  • $4,800,000

    427 W Montecito St, Santa Barbara, CA 93101

    20beds
    7,225sqft
    Multi Family
    Built in 1962
    -- sqft lot
    $5,560,700 Zestimate®
    $664/sqft
    $4,106 Estimated rent

    Home value

    $5,560,700

    $4.89M - $6.51M

    $4,106/mo

    Zestimate® history
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    $4,106/mo

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    $4,106/mo

    Rent Zestimate®

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    $30,675/mo

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    $30,675/mo

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    What's special

    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

    Zillow last checked:

    Listing updated:

    Listed by:

    Steven R Battaglia DRE#: 01318215 805-688-5333,

    Battaglia Commercial RE

    Bought with:

    Ken Switzer

    Berkshire Hathaway HomeServices California Properties

    Source: North Santa Barbara County MLS,MLS#: 23001545MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 20
    • Bathrooms: 19
    • Full bathrooms: 19
    Heating
    • Wall Furnace
    Cooling
    • None
    Appliances
    • Laundry: Common Area, Laundry Eq/Own
    Interior area
    • Total structure area: 7,225
    • Total interior livable area: 7,225 sqft

    Property

    Parking
    • Parking features: Covered, 11 - 25
    Features
    • Levels: Three Or More
    • Patio & porch: Patio
    Lot
    • Size: 10,454 sqft
    Details
    • Parcel number: 033022019
    • Zoning description: Multi-Fam R4
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Foundation: Slab
    • Roof: Flat
    Condition
    • Year built: 1962

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Santa Barbara

    HOA & financial

    Other financial information
    • Total actual rent: 532200

    Other

    Other facts
    • Listing terms: New Loan,Cash

    Price history

    DateEventPrice
    12/29/2023Sold$4,800,000-19.9%$664/sqft
    Source: North Santa Barbara County MLS #23001545 Report a problem
    10/27/2023Pending sale$5,995,000$830/sqft
    Source: SBMLS #23-2686 Report a problem
    10/27/2023Contingent$5,995,000$830/sqft
    Source: CRMLS #PI23167314 Report a problem
    9/8/2023Listed for sale$5,995,000$830/sqft
    Source: CRMLS #PI23167314 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: West Beach

    Nearby schools

    GreatSchools rating
    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $5,560,700
    2% more
    +$111K
    With Zillow Showcase(estimated)
    $5,671,914