609 West Junipero Street
609 West Junipero Street Santa Barbara, California 93105 United States

$4,500,000
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11 Unit residential income property less than 2 blocks from Cottage Hospital and many surrounding medical facilities. Actual cap rate of ~3.03% with an impressive market level cap rate of ~5.45%; compare that to any other investment property on...

Santa Barbara Estates

Listing Courtesy of Santa Barbara Estates
$4,500,000
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3
Bedrooms
3
Full Baths
Multi Family
Property type
1973
Year Built
21-2270
Web Id
21-2270
MLS ID
Santa Barbara Unified
School District
Adams
Elementary
S.B. Jr.
Middle
S.B. Sr.
High
48
days ago
This Property is Currently Contract Pending

About 609 West Junipero Street

11 Unit residential income property less than 2 blocks from Cottage Hospital and many surrounding medical facilities. Actual cap rate of ~3.03% with an impressive market level cap rate of ~5.45%; compare that to any other investment property on the market. Adjacent to Mission Creek and just across the street from 17 beautiful acres comprising Oak Park. Zoned for medical offices. Prime real estate in an amazing location that has seen consistent medical facility expansion in recent years. 0.51 acre property with 11,466 square feet of structure. 9 units are 2 bedroom, 2 bathroom; 2 units are 1 bedroom, 1 bathroom. The average unit size is over 1,000 square feet, with a purchase price of only $392 per square foot... in Santa Barbara!

Listing Courtesy of Santa Barbara Estates, SANTABARBARA MLS

Amenities

  • Carpet
  • Refrigerator

features

cooling
Wall or Window Air Conditioner(s)
Parking
Attached Garage
Additional Listing Type
In Contract

PROPERTY INFORMATION

Amenities
Elec Stove, Refrigerator
Cooling
Elec, Wall
Listing Courtesy of Santa Barbara Estates

Santa Barbara Estates

Listing Courtesy of Santa Barbara Estates
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