1532 Castillo St

Santa Barbara, CA, 93101

$2,350,000

$693 per ft²
$2,350,000
$693 per ft²
Active
Active
 - For Sale
beds
7 Beds
baths
5 Full Baths
carpenters-square
3,390 ft²
property_type
Residential
calendar
Built 1913
A beautifully renovated 1913 Colonial in the heart of Downtown Santa Barbara, 1532 Castillo is an incredibly stable turnkey investment in an A+ location. The fully leased triplex boasts market rents, a strong rental history, low maintenance costs and R-4 zoning. The main house has 5 beds & 3 baths, and has undergone a full renovation, including a new kitchen & bathrooms, all new electrical & plumbing and ductless heat & AC. The detached rear duplex has also undergone a full renovation, and features wood floors, updated kitchens, AC & in-unit laundry. Currently generating $132,000 in rental income annually, the property is being offered at a 4% cap rate. Perfect for an investor looking for an income-producing asset, or an owner/user who wants to live in the front home & rent out the back.
MLS ID:
21-1917
Listed:
5/27/21
Updated:
6/21/21
Coldwell Banker Global Luxury
Chris Palme

Interior Features

Total Bedrooms
7
Full Bathrooms
5
Laundry Description
In-unit, Room
Cooling
/ Other, Wall

Exterior/Building Features

Lot Size
7,841 ft² lot
Architectural Style
Colonial
Roof
Composition
Sewer
Wtr

School Information

High School
S.B. Sr.
Middle/Jr High
S.B. Jr.
Elementary School
Peabody

Other Property Details

Area Name
Sb/West Of State
Attached Garage
Yes
Garage Spaces
2
Parking
Cpt 2, Unc 2
County
Santa Barbara
Zoning
R-4

Courtesy of Lucas Martinez, Compass

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Data last updated 8:01 AM UTC, 6/21/21

Coldwell Banker Global Luxury
Chris Palme
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