323 W Islay Street, SANTA BARBARA, CA 93101
$2,480,000
Property Type:
Res
Bedrooms:
7
Baths:
6
Square Footage:
3,360
Lot Size (sq. ft.):
6,534
Status:
Closed
Current Price:
$2,480,000
List Date:
4/30/2024
Last Modified:
3/25/2025
Description
Recently updated 5-unit apartment building located in Downtown Santa Barbara. Owned by the same family for nearly 50 years, this property exudes pride of ownership. Offering a beautiful 3-bedroom, 2-bathroom unit (great owners' unit) as well as four 1-bedroom, 1-bathroom units totaling 3,360 sq. ft., Casa Napoli offers versatile living spaces to suit a variety of lifestyles.
Tenant amenities include both covered and uncovered parking for residents, as well as a convenient coin-operated community laundry room. A low maintenance asset with recent upgrades to the property including a brand-new roof over both the building and carport, ABS plastic sewer line, modernized plumbing and electrical systems, dual pane windows, and extensive interior renovations throughout all units.
Supplements: Current rents are under market and total $147,000 annually. Total market rents are projected to be $190,800 annually. Upon request, the offering memorandum, title report, natural hazards disclosure, reports/inspections and seller disclosures can be provided. Showings will be May 15th and 22nd by appointment only. Do not disturb occupants.
More Information MLS# 24-1361
Location Info
Country: US
Compass Map: Santa Barbara
Map Grid: N12
Cross Street: Bath Street
District: 20 - SB/WEST OF STATE
Street #: 323
Dir: W
Street Name: Islay
Street Suffix: Street
State: CA
Postal Code: 93101
County: Santa Barbara
Parcel Number: 027-082-027
Contract Info
Buyers Agent $/%: 2.5
Affordable Housing: No
Current Price: $2,480,000
Price: 2500000
Begin Date: 2024-04-30
Status: Closed
Status Information
Financing: CTNL
Sold Date: 2024-07-12
Sold Price: $2,480,000
Under Contract Date: 2024-05-25
Property Information
Year Built: 1962
Apx # Acres: 0.15
Total # Units: 5
Source: Measured
Recurring Fees: No
ADU: No
Within City Limits: Yes
TYP: Home/Estate
Total Bedrooms: 7
Total Bathrooms: 6
Total Full Baths: 6
Total SqFt.: 3360
Neighborhood/Schools
Elementary School: Peabody
Junior High School: S.B. Jr.
High School: S.B. Sr.
Owner Info
Deposit: 3
Remarks
Hot Sheet Comment: price
Geo Lat: 34.425064
Geo Lon: -119.715843
Condition
Excellent: 1
Construction
Two Story: 1
Foundation
Slab: 1
Parking/Garage
Total # Carport Spaces: 4
Total # Uncovered Spaces: 2
Proximity
Near Bus: 1
Near Hospital: 1
Near Ocean: 1
Near Park(s): 1
Near Shopping: 1
Laundry
Coin Op: 1
Appliances Included
Dryer: 1
Electric Range: 1
Gas Range: 1
Microwave: 1
Refrigerator: 1
Washer: 1
Fireplace(s)
LR: 1
Security
Smoke Detector(s): 1
Zoning
R-4: 1
Other: 1
Reports Available
TDS: 1
Home Inspection: 1
Pest Inspection: 1
Prelim: 1
NHD: 1
Terms
Cash: 1
Conventional: 1
Heating
Forced Air: 1
Wall Furnace: 1
Flr/Wdw Coverings
Carpet: 1
Tile: 1
Laminate: 1
NeighborhoodSchools
Neighborhood: 15 or 20 - Downtown
Property Features
Condition: Excellent
Construction: Two Story
Foundation: Slab
Proximity: Near Bus; Near Hospital; Near Ocean; Near Park(s); Near Shopping
Laundry: Coin Op
Appliances Included: Dryer; Electric Range; Gas Range; Microwave; Refrigerator; Washer
Fireplace(s): LR
Security: Smoke Detector(s)
Heating: Forced Air; Wall Furnace
Zoning: R-4; Other
Reports Available: TDS; Home Inspection; Pest Inspection; Prelim; NHD
Terms: Cash; Conventional
Preliminary Title Report ›
Listing Office:
Keller Williams Realty Santa Barbara
Last Updated: March - 25 - 2025
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