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.
Property Details
Additional Information
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- City:
- SANTA BARBARA
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- County:
- Santa Barbara
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- Zip:
- 93101
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- MLS® #:
- 24-571
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- Lot Size:
- 1.00
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- Neighborhood:
- 20 - SB/WEST OF STATE
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Listing information last updated on August 31st, 2024 at 7:30pm PDT.