1502 San Pascual St Santa Barbara, CA 93101
Price
$15,900,000
Listed On
Type
For Sale
Status
Active
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1502 San Pascual St
For Sale $15,900,000
1502 San Pascual St, Santa Barbara, CA 93101 - 0 Beds, 0 Bath
1502 San Pascual St, Santa Barbara, CA 93101 - 0 Beds, 0 Bath
1502 San Pascual St, Santa Barbara, CA 93101 - 0 Beds, 0 Bath
Asking $15,900,000
Snapshot
Property Type
Other
Lot Size
1.00 acres
Property Sqft
MLS Number
24-571
Year Built
1972
Days On Market
Description
Turner Foundation (Non-Profit) owned property, currently providing 45 units of housing and 54 parking spaces with Community Learning Center, Programs and Services on site. Gross income $1.1m per year and current rent is 35% below market rate.
Past Year NOI $802K with Non-Profit property tax exemption status equating to a 4.9% cap rate. New buyer may potentially retain Turner Foundation Non-Profit property tax exemption status if Turner Foundation remains as an Operating Partner. Buyer to verify all information.
More Details
Provider
Compass
MLS ID
SBMLSCA
MLS Name
Santa Barbara Multiple Listing Service
MLS Number
24-571
URL
Source
listhub
PARTICIPANT
Name
20/Twenty Group
Primary Phone
(805) 900-0995
Key
3YD-SBMLSCA-TWENTYTEAM
Email
20twenty@compass.com
BROKER
Name
Compass
Phone
(805) 253-7700
OFFICE
Name
Compass
Phone
(805) 284-0881
Copyright © 2024 Santa Barbara Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
History
| Date | Event | Price | $/Sqft | Source |
|---|---|---|---|---|
| Price Changed | $15,900,000 -3.64% | $∞ | Compass | |
| Listed For Sale | $16,500,000 | $∞ | Compass |
Nearby Schools
Elementary School Harding Elementary | 0.4 miles away | KG - 06 | |
High School Summit High School, Ii | 0.5 miles away | 09 - 12 | |
High School Summit High | 0.5 miles away | 09 - 12 |
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