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230-234 Castillo St
Santa Barbara, CA 93101
West Beach Apartments · Multifamily Property For Sale
·
21 Units
Property Facts
| No. Units | 21 | Lot Size | 0.86 AC |
| Property Type | Multifamily | Building Size | 37,461 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built | 2000 |
| Building Class | C | Parking Ratio | 0.56/1,000 SF |
| Zoning | R-M (R-3) - Residential Multifamily | ||
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.86 AC |
| Building Size | 37,461 SF |
| No. Stories | 1 |
| Year Built | 2000 |
| Parking Ratio | 0.56/1,000 SF |
| Zoning | R-M (R-3) - Residential Multifamily |
About 230-234 CASTILLO ST , SANTA BARBARA, CA 93101
This superbly located West Beach apartment property — central to the harbor, Waterfront, Funk Zone, City College and downtown — has been rented as a 21-unit complex for decades. A current ZIR by the City of Santa Barbara determined there are 18 permitted residential units with 3 studios to be combined with adjacent units to meet code compliance, which shall be the buyer’s responsibility. However, the economic impact is positive as current management has been conservative with rents. The financial analysis on the following page represents current rents with 21 units. This property is well maintained, and the average tenancy of the current residents is 4 years, showing the appeal and stability of the property.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | $2,200 | - |
| 1+1 | 10 | $1,338 | - |
| Studios | 5 | $1,250 | - |
Property Taxes
| Parcel Numbers | Improvements Assessment | $3,056,737 | |
| Land Assessment | $3,937,123 | Total Assessment | $6,993,860 |
Property Taxes
Parcel Numbers
Land Assessment
$3,937,123
Improvements Assessment
$3,056,737
Total Assessment
$6,993,860
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