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415 Rancheria St 4 Unit Apartment Building Offered at $3,950,000 at a 5.20% Cap Rate Santa Barbara, CA 93101
Investment Highlights
- One block from SBCC
- Close to the beach and downtown
Executive Summary
16 Bedrooms one block from Santa Barbara City College and close to the beach. Rent as individual units or by the room. These 4 Units were completely remodeled in 2013. New driveway in 2025. Separate gas and electric meters. Each unit has in unit laundry.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+1.5 | 4 | $6,000 | - |
1 1
Walk Score®
Very Walkable (74)
Bike Score®
Biker's Paradise (100)
Property Taxes
| Parcel Number | 037-180-017 | Total Assessment | $1,539,275 (2025) |
| Land Assessment | $800,423 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $738,852 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
037-180-017
Land Assessment
$800,423 (2025)
Improvements Assessment
$738,852 (2025)
Total Assessment
$1,539,275 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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415 Rancheria St
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