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Commercial/Church, SFR + Modern Apt. Bldg 1032 E Mason St 8 Unit Apartment Building $4,300,000 ($537,500/Unit) Santa Barbara, CA 93103
INVESTMENT HIGHLIGHTS
- 8 Residential Units • 1 Commercial/Church • 16 Parking Spaces • 1/2 Acre Lot • Near Shopping, Parks & Schools
- Parking: 16 uncovered spaces
- Cap rates: Current: 5.48% • AB1482: 5.93% • Market: 6.31% | GRM: Current: 12.66 • AB1482: 11.94 • Market: 11.38
- Church, attached 1BD/1BA & SFR: 1920 | Apartments: 2017
- Total building size: approx. 8,164* *(*Buyer to verify total building square footage. Agents estimated based on public records documentation.)
- Land size: ±24,829 SF (±0.57 Acre)
EXECUTIVE SUMMARY
Situated on over half an acre in the heart of Santa Barbara, 1030-1032 E Mason presents a rare and versatile investment opportunity featuring three distinct structures: a charming 1920s church with a 1-bedroom, 1-bath attached apartment, a spacious single-family residence, and a modern six-unit apartment building.
Seven of the 1 bedroom units currently operate as senior housing, offering a peaceful and private setting enhanced by lush landscaping and tall, mature palm trees. The apartments, constructed in 2017, feature contemporary finishes, full kitchens, and in-unit appliances. The original church structure is steeped in character, boasting cathedral wood ceilings and beautiful, timeless architectural details. The adjacent single-family home includes three bedrooms and two baths, with a well-designed floor plan that feels both functional and inviting.
Additional highlights include 16 off-street parking spaces and a serene garden setting that enhances the overall tranquility of the property. This is a unique opportunity to own a well-maintained, multi-structure asset located near Santa Barbara’s beaches, restaurants & shopping.
Potential tenant for commercial/church space. Contact Listing Agents directly to discuss.
Seven of the 1 bedroom units currently operate as senior housing, offering a peaceful and private setting enhanced by lush landscaping and tall, mature palm trees. The apartments, constructed in 2017, feature contemporary finishes, full kitchens, and in-unit appliances. The original church structure is steeped in character, boasting cathedral wood ceilings and beautiful, timeless architectural details. The adjacent single-family home includes three bedrooms and two baths, with a well-designed floor plan that feels both functional and inviting.
Additional highlights include 16 off-street parking spaces and a serene garden setting that enhances the overall tranquility of the property. This is a unique opportunity to own a well-maintained, multi-structure asset located near Santa Barbara’s beaches, restaurants & shopping.
Potential tenant for commercial/church space. Contact Listing Agents directly to discuss.
PROPERTY FACTS In Escrow
AMENITIES
UNIT AMENITIES
- Balcony
- Oven
- Garden
- Patio
Walk Score®
Very Walkable (85)
Bike Score®
Very Bikeable (74)
PROPERTY TAXES
| Parcel Number | 017-133-005 | Improvements Assessment | $1,082,432 |
| Land Assessment | $2,338,053 | Total Assessment | $3,420,485 |
PROPERTY TAXES
Parcel Number
017-133-005
Land Assessment
$2,338,053
Improvements Assessment
$1,082,432
Total Assessment
$3,420,485
CONTACTS
-
Steve Golis -
Brad Frohling -
Jack Gilbert -
Aneta Jensen -
Radius Commercial Real Estate
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Commercial/Church, SFR + Modern Apt. Bldg | 1032 E Mason St
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