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2019 Bath St
Santa Barbara, CA 93105
Multifamily Property For Sale
·
4 Units
Investment Highlights
- Prime Santa Barbara location adjacent to Cottage Hospital with consistent tenant demand.
- Value-add opportunity with potential to develop ADUs and increase revenue.
- Four-unit asset with strong in-place income and long-term investment stability.
- Desirable unit mix with on-site parking and laundry enhancing tenant appeal.
Executive Summary
Located next to Cottage Hospital in Santa Barbara, 2019 Bath Street is a well-positioned four-unit apartment building offering a desirable unit mix and strong long-term investment potential. The property provides tenants with convenient on-site amenities including two covered carports and a shared laundry room. In addition to its current income, the property presents a compelling value-add opportunity with the potential to add ADUs, allowing a future owner to increase both rental income and overall property value. With its proximity to Cottage Hospital and consistent demand for housing in Santa Barbara, 2019 Bath Street represents an attractive opportunity for investors seeking stable income with future upside.
Property Facts
| Price Per Unit | $730,643 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 3.70% | Lot Size | 0.20 AC |
| Gross Rent Multiplier | 16.02 | Building Size | 4,400 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1999 |
| Property Subtype | Apartment | Parking Ratio | 0.91/1,000 SF |
| Zoning | R-4 | ||
| Price Per Unit | $730,643 CAD |
| Sale Type | Investment |
| Cap Rate | 3.70% |
| Gross Rent Multiplier | 16.02 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 4,400 SF |
| No. Stories | 2 |
| Year Built | 1999 |
| Parking Ratio | 0.91/1,000 SF |
| Zoning | R-4 |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | 732 - 765 |
| 2+2 | 1 | - | 1,072 |
Property Taxes
| Parcel Number | 025-292-012 | Improvements Assessment | $1,327,204 CAD |
| Land Assessment | $1,331,771 CAD | Total Assessment | $2,658,975 CAD |
Property Taxes
Parcel Number
025-292-012
Land Assessment
$1,331,771 CAD
Improvements Assessment
$1,327,204 CAD
Total Assessment
$2,658,975 CAD
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