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
-
- City:
- SANTA BARBARA
-
- County:
- Santa Barbara
-
- Zip:
- 93101
-
- MLS® #:
- 24-571
-
- Lot Size:
- 1.00
-
- Neighborhood:
- 20 - SB/WEST OF STATE
The data relating to real estate for sale on this web site comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. Real estate listings held by brokerage firms other than Beach Cities Real Estate are marked with the "MLS" logo and detailed information about them includes the name of the listing brokers.
All information is deemed reliable, but is not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Beach Cities Real Estate shall be responsible for any typographical errors, misinformation, or misprints. ©2024 Santa Barbara Multiple Listing Service. All rights reserved.
IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Listing information last updated on May 2nd, 2024 at 2:15am PDT.