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427 W Montecito Street, Santa Barbara, CA 93101
$4,800,000
427 W Montecito Street, Santa Barbara, CA 93101View this property at 427 W Montecito Street, Santa Barbara, CA 93101
427 W Montecito StreetSanta BarbaraCA93101
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Property Description
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 is Proforma.
Full Property Details
Full Property Details for 427 W Montecito St
General
- Sold For: $4,800,000
- Status: Closed
- Type: Multi-Family
- MLS ID: 23-2686
- Added to Site: 252 day(s) ago
Interior
- Interior Features: Patio
Parking
- Carport Spaces: 19
Location
- Area: 30 - SB/GOL SOUTH
- County: Santa Barbara
- Cross Streets: Castillo St
School Information
- Elementary School: Other
- Middle School: Other
- High School: Other
Structural Information
- Square Feet: 7,225
- Living Area: 7,225 Sq. Ft.
Lot Features
- Zoning: R-4
Financial Considerations
- Terms: Cash, Conventional
Disclosures and Reports
- Reports: Prelim
- Property ID: 033-022-019
Listed by Battaglia Commercial Real Esta
Sold by Berkshire Hathaway HomeServices California Properties
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Schools
Schools serving 427 W Montecito St
School District:Santa Barbara Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
350 Loma Alta Dr, Santa Barbara, CA 93109 | K-6 | 0.3 mi | |
2255 Modoc Rd, Santa Barbara, CA 93101 | 7-8 | 2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 427 W Montecito St
Date
Details
Price
Change
Source
12/29/2023
Sold
$4,800,000
-19.93%
MLS
9/08/2023
Listed
$5,995,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
427 W Montecito Street, Santa Barbara, CA 93101 (MLS# 23-2686) is a Multi-Family property that was sold at $4,800,000 on December 29, 2023. Want to learn more about 427 W Montecito Street? Do you have questions about finding other Multi-Family real estate for sale in Santa Barbara? You can browse all Santa Barbara real estate or contact a Coldwell Banker agent to request more information.