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Pending

1502 San Pascual Street

1502 San Pascual Street, SANTA BARBARA, CA 93101

$15,900,000

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.

79
beds

45
baths

1 Acres lot

Features & Amenities

Interior

total bedrooms79
Total bathrooms45
full bathrooms45
Laundry room Laundry Room
Flooring Vinyl, Carpet

Area & Lot

Status Pending
Lot Area1 Acres
MLS® ID24-571
TypeResidential
YEAR BUILT1972
NeighborhoodSanta Barbara
Elementary SchoolHarding
Middle SchoolLaCumbre
High SchoolSan Marcos

Exterior

lot featuresNear Public Transit
parkingCarport, Uncovered

Financial

Sales Price$15,900,000
Zoning R-4

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1502 San Pascual Street

$15,900,000

Bowen Lee

Features & Amenities

Interior

Area & Lot

Exterior

Financial

Schedule a Showing

Schedule a Showing

Mortgage Calculator

Santa Barbara

Work With Us

Follow Us on Instagram

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