Excellent investment opportunity to acquire a well located mid size Santa Barbara apartment complex with major rental upside potential. 528 West Los Olivos Street consists of (28) 1 bed/1 bath units located within blocks of Cottage Hospital and Oak Park. This property has been in the same family for more than 35 years and currently generates $40,862 in monthly income. The units are approximately 520 SF and are spread out over 4 buildings with each unit having one off-street parking space. There are an additional 10 off-street parking spaces along with a laundry room on the 37,683 SF lot. Upstairs units have vaulted ceilings and many of the downstairs units have enclosed patios.Offers are due May 31. Property tour May 29th from 11AM -1PM.
This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.
