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Recently Upgraded 8-Unit MF Asset in DTSB 1011 Laguna St 8 Unit Apartment Building $4,042,031 CAD ($505,254 CAD/Unit) 4.40% Cap Rate Santa Barbara, CA 93101
INVESTMENT HIGHLIGHTS
- New roof (2023).
- All windows replaced.
- Under the same ownership for more than 3 decades.
- Updated plumbing.
- On-site laundry.
EXECUTIVE SUMMARY
Exceptional opportunity to acquire a well-maintained 8-unit multifamily property located in the heart of Downtown Santa Barbara. The property features an attractive unit mix of (8) one-bedroom/one-bathroom units, several of which have been recently updated to enhance livability and appeal. One unit will be delivered vacant at COE.
Upstairs units feature vaulted ceilings that create a bright, spacious atmosphere, contributing to the property’s overall charm and character. Tenants benefit from off-street parking—a rare convenience in this central location—along with close proximity to Santa Barbara’s vibrant State Street corridor, parks, beaches, and major employers.
With its combination of classic Santa Barbara architecture, strong rental demand, and unbeatable location, 1011 Laguna Street represents an ideal long-term investment opportunity in one of the city’s most desirable neighborhoods
Upstairs units feature vaulted ceilings that create a bright, spacious atmosphere, contributing to the property’s overall charm and character. Tenants benefit from off-street parking—a rare convenience in this central location—along with close proximity to Santa Barbara’s vibrant State Street corridor, parks, beaches, and major employers.
With its combination of classic Santa Barbara architecture, strong rental demand, and unbeatable location, 1011 Laguna Street represents an ideal long-term investment opportunity in one of the city’s most desirable neighborhoods
PROPERTY FACTS
| Price | $4,042,031 CAD | Building Class | C |
| Price Per Unit | $505,254 CAD | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 4,753 SF |
| Cap Rate | 4.40% | No. Stories | 2 |
| No. Units | 8 | Year Built | 1957 |
| Property Type | Multifamily | Parking Ratio | 1.68/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | C-G - General Commercial | ||
| Price | $4,042,031 CAD |
| Price Per Unit | $505,254 CAD |
| Sale Type | Investment |
| Cap Rate | 4.40% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 4,753 SF |
| No. Stories | 2 |
| Year Built | 1957 |
| Parking Ratio | 1.68/1,000 SF |
| Zoning | C-G - General Commercial |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Hardwood Floors
Walk Score®
Very Walkable (88)
Bike Score®
Biker's Paradise (92)
PROPERTY TAXES
| Parcel Number | 029-221-013 | Improvements Assessment | $908,665 CAD |
| Land Assessment | $416,937 CAD | Total Assessment | $1,325,602 CAD |
PROPERTY TAXES
Parcel Number
029-221-013
Land Assessment
$416,937 CAD
Improvements Assessment
$908,665 CAD
Total Assessment
$1,325,602 CAD
CONTACTS
-
Brad Frohling -
Steve Golis -
Jack Gilbert -
Aneta Jensen -
Radius Commercial Real Estate
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Recently Upgraded 8-Unit MF Asset in DTSB | 1011 Laguna St
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