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$7,250,000
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Property Description
11 UNITS ON 2 PARCELS WITH 5.21% CAP RATE - Tucked away in the picturesque heart of downtown Santa Barbara, 1514/1520 Garden St. presents a rare and highly coveted investment opportunity. Units consist of (1) 7 bed/5.5 bath house, (1) 3 bed/3 bath ADU, (2) 2 bed/2 bath ADUs, (6) 1 bed/1bath units and (1) studio. Both original structures have been designated as a Structure of Merit by the Historic Landmarks Commission, however, each unique unit has been extensively remodeled with high-quality finishes and new appliances. The exterior of the property is equipped with new 40-year roofs and solar panels, ensuring hassle-free maintenance for years to come. Tenants enjoy the ease of off-street parking and washer/dryers in each unit.
Full Property Details
Full Property Details for 1514-1520 Garden St
General
- Sold For: $7,250,000
- Status: Closed
- Type: Multi-Family
- Source: SBAOR
- MLS ID: 24-405
- Added to Site: 711 day(s) ago
Rooms
Other Rooms
- Laundry: In Unit
Location
- Area: 15 - SB/EAST OF STATE
- County: Santa Barbara
- Cross Streets: Micheltorena
School Information
- Elementary School: Roosevelt
- Middle School: S.B. Jr.
- High School: S.B. Sr.
Structural Information
- Year Built: 1859
- Property Condition: Excellent
Lot Features
- Lot Features: Near Public Transit
- Zoning: Other
Financial Considerations
- Terms: Cash, Conventional
Disclosures and Reports
- Reports: Prelim
- Property ID: 027-251-020
Listed by Radius Group Commercial R.E.
Sold by Radius Group Commercial R.E.
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Price & Sales History for 1514-1520 Garden St
Date
Details
Price
Change
Source
5/21/2024
Sold
$7,250,000
-4.61%
MLS
2/07/2024
Listed
$7,600,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1514-1520 Garden Street, Santa Barbara, CA 93101 (MLS# 24-405) is a Multi-Family property that was sold at $7,250,000 on May 21, 2024. Want to learn more about 1514-1520 Garden Street? Do you have questions about finding other Multi-Family real estate for sale in East Of State? You can browse all East Of State real estate or contact a Coldwell Banker agent to request more information.

