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516 W Junipero St 6 Unit Apartment Building $2,150,000 ($358,333/Unit) 2.72% Cap Rate Santa Barbara, CA 93105
Executive Summary
This 6 unit apartment complex is located directly across the street from Cottage Hospital in Santa Barbara. Current rents are approximately 59% of market rents.
Property Facts
| Price | $2,150,000 | Building Class | C |
| Price Per Unit | $358,333 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 3,670 SF |
| Cap Rate | 2.72% | Average Occupancy | 100% |
| Gross Rent Multiplier | 20.1 | No. Stories | 2 |
| No. Units | 6 | Year Built | 1964 |
| Property Type | Multifamily | Parking Ratio | 1.91/1,000 SF |
| Property Subtype | Apartment | Cross Streets | Oak Park Lane |
| Apartment Style | Low-Rise | ||
| Zoning | CO | ||
| Price | $2,150,000 |
| Price Per Unit | $358,333 |
| Sale Type | Investment |
| Cap Rate | 2.72% |
| Gross Rent Multiplier | 20.1 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 3,670 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 1.91/1,000 SF |
| Cross Streets | Oak Park Lane |
| Zoning | CO |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $2,500 | 600 |
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Moderately walkable
70/100
Moderately drivable
60/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 025-051-013 | Improvements Assessment | $271,785 |
| Land Assessment | $169,855 | Total Assessment | $441,640 |
Property Taxes
Parcel Number
025-051-013
Land Assessment
$169,855
Improvements Assessment
$271,785
Total Assessment
$441,640
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516 W Junipero St