Home For Sale In Santa Barbara, California

house for sale

Listed: 03/13/24

1502 San Pascual Street, Santa Barbara, CA 93101, USA

Studio Bed:

Price

$ 16,5M

Sold

Show 6 more

About This House

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 YearNOI $802Kwith 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.

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