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15 W Islay St
Santa Barbara, CA 93101
5 Units + 3 ADU Opportunities · Multifamily Property For Sale
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5 Units
Investment Highlights
- Major upgrades & future value-add potential.
- Current CAP rate: 3.37% | AB1482 CAP rate: 3.81% | Market CAP rate: 4.43%
- ADU: conversion plans for a 1st floor studio submitted to the City.
- Unit mix: duplex: (1) 1bd/ba + extra room; (1) 1bd/1ba | triplex: (1) 2bd/1ba; (2) 1bd/1ba. Parking: 4 onsite; 1 carport (jr. ADU conversion).
- Both roofs replaced; front yard fully re-landscaped & re-fenced; new exterior paint. Plumbing, electrical, gas line, and foundation upgrades.
- Rot/termite damage repaired.
Property Facts
| No. Units | 5 | Building Size | 3,395 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built/Renovated | 1990/2025 |
| Building Class | B | Parking Ratio | 1.47/1,000 SF |
| Lot Size | 0.17 AC | ||
| Zoning | R4 | ||
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.17 AC |
| Building Size | 3,395 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1990/2025 |
| Parking Ratio | 1.47/1,000 SF |
| Zoning | R4 |
Property Taxes
| Parcel Number | 027-101-006 | Improvements Assessment | $100,526 |
| Land Assessment | $67,393 | Total Assessment | $167,919 |
Property Taxes
Parcel Number
027-101-006
Land Assessment
$67,393
Improvements Assessment
$100,526
Total Assessment
$167,919
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