Log In/Sign Up
Your email has been sent.
2019 Castillo St - 2019 Castillo St 3 Unit Apartment Building Offered at $2,875,047 CAD at a 4.52% Cap Rate Santa Barbara, CA 93105
Investment Highlights
- Close to cottage hospital
- Great downtown location
- Private garage
- In unit washer/dryers
- Larger units
- Spacious private outdoor space
Executive Summary
PRP is pleased to present 2017-2019 Castillo Street, a renovated triplex in the heart of Santa Barbara. The property features three spacious two-bedroom, one-bathroom units totaling approximately 3,047 square feet on an 8,276 square foot lot. The front unit is a standalone single-family-style home with a private yard, while a detached rear building contains two additional units. The property was extensively renovated in 2024 with open-concept layouts, wide-plank hardwood flooring, quartz countertops, stainless steel appliances, and upgraded bathrooms. Each unit includes in-unit washer and dryer and two units have enclosed garage parking. Located minutes from State Street and the Santa Barbara Public Market, the property offers strong rental demand in a prime coastal market.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$198,625
|
$65.19
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$5,958
|
$1.96
|
| Effective Gross Income |
$192,666
|
$63.23
|
| Taxes |
$35,938
|
$11.79
|
| Operating Expenses |
$26,709
|
$8.77
|
| Total Expenses |
$62,647
|
$20.56
|
| Net Operating Income |
$130,019
|
$42.67
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $198,625 |
| Annual Per SF | $65.19 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $5,958 |
| Annual Per SF | $1.96 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $192,666 |
| Annual Per SF | $63.23 |
| Taxes (CAD) | |
|---|---|
| Annual | $35,938 |
| Annual Per SF | $11.79 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $26,709 |
| Annual Per SF | $8.77 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $62,647 |
| Annual Per SF | $20.56 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $130,019 |
| Annual Per SF | $42.67 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 3 | $5,541 CAD | 3,047 |
1 1
Walk Score®
Very Walkable (77)
Bike Score®
Biker's Paradise (92)
1 of 19
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
2019 Castillo St - 2019 Castillo St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.