1416-1418 Bath St 8 Unit Apartment Building $4,950,000 ($618,750/Unit) 5.25% Cap Rate Santa Barbara, CA 93101

Bath Street Flats is a rare boutique multifamily investment in one of Santa Barbara’s most supply-constrained downtown submarkets,
offering hands-off ownership and durable cash flow. Located just two blocks from the Santa Barbara Public Market and minutes from the
Theatre District, the property benefits from consistent tenant demand and full occupancy. The asset has been meaningfully repositioned,
allowing a new owner to step into a fully stabilized investment with limited near-term capital exposure. Originally built in the Queen Anne
architectural style, the property has been carefully restored with modern interiors that lease efficiently. A 2022-built ADU further enhances
income durability and long-term performance. A diversified unit mix, combined with off-street parking and on-site laundry, supports strong
tenant retention and predictable operations. The property’s profile provides reduced exposure to evolving tenant-protection legislation
relative to other local assets. Offered in a market defined by high barriers to entry and limited turnover, Bath Street Flats is ideally suited
for a 1031 exchange buyer, private investor, or family office seeking cash flow and long-term capital preservation in Santa Barbara.