1502 San Pascual Street, SANTA BARBARA

SANTA BARBARA Home For Sale

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.

Sales Agent

Beach Cities Real Estate
  • Beach Cities Real Estate
  • Phone: (888) 990-7111
  • Cell: (888) 990-7111
  • Contact Agent Now

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Additional Information

  • City:
    SANTA BARBARA
  • County:
    Santa Barbara
  • Zip:
    93101
  • MLS® #:
    24-571
  • Lot Size:
    1.00
  • Neighborhood:
    20 - SB/WEST OF STATE
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Listing information last updated on May 26th, 2024 at 1:30pm PDT.