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32926291
32926316

208 S. Voluntario St, Santa Barbara, CA 93103

JG
CA 02197493
Radius Commercial Real Estate & Investments
SG
CA 00772218
Radius Commercial Real Estate & Investments Santa Barbara
Radius Commercial Real Estate & Investments Santa Barbara
Listed by Radius Commercial Real Estate & Investments, Radius Commercial Real Estate & Investments Santa Barbara
$1,550,000
10 days on market
Updated 10 days ago

208 S. Voluntario St

Details
APN 017-252-008
Property Type Multifamily
Sub Type Apartment Building
Square Footage 1,760
Beds 2
Cap Rate 4.10%
NOI $63,569
Tenancy Multi
Year Built 1950
Year Renovated 2024
Lot Size (SqFt) 3,920
Investment Type Stabilized

Multifamily | 4.10% CAP

Marketing description

208 S. Voluntario is a quintessential California cottage offering a prime investment opportunity on Santa Barbara's desirable Eastside, just moments from the beach, Downtown, and the vibrant Funk Zone.

The property features three units with an ideal unit mix of (1) 2BD/1BA, (1) 1BD/1BA, and (1) studio—well suited for both investors and owner-users. Completely remodeled throughout, the units offer hardwood floors, custom built-ins, skylights, and all new appliances and fixtures. Each unit also includes its own private outdoor space.

The exterior has been freshly repainted and enhanced with new landscaping, creating strong curb appeal and a turnkey presentation.

Buyer to complete their own due diligence regarding permitting and Santa Barbara's rent control ordinance.

Current property zoning is for a single family residence. Seller is in the process of legally permitting all three units. Contact listing agents for additional information.

Investment highlights

  • Beautifully remodeled, turnkey asset on Santa Barbara's Eastside just moments from the beach, Downtown, and the vibrant Funk Zone
  • Completely remodeled throughout, the units offer hardwood floors, custom built-ins, skylights, and all new appliances and fixtures
  • Each unit also includes its own private outdoor space
  • The exterior has been freshly repainted and enhanced with new landscaping, creating strong curb appeal and a turnkey presentation
  • Current property zoning is for a single family residence. Seller is in the process of legally permitting all three units. Contact listing agents for additional information.

Listing Contacts

JG
CA 02197493
Radius Commercial Real Estate & Investments
SG
CA 00772218
Radius Commercial Real Estate & Investments Santa Barbara
Radius Commercial Real Estate & Investments Santa Barbara
Listed by Radius Commercial Real Estate & Investments, Radius Commercial Real Estate & Investments Santa Barbara

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$63,569.00
$5,297.42/mo

Valuation Metrics

0
DSCR
4.1%
Cap Rate
4.1%
ROI

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Additional Information

Name
Jack Gilbert
License
02197493
Brokerage
Radius Commercial Real Estate
Brokerage Phone
(805) 965-5500
Title
Senior Associate
Brokerage Address
226 East De La Guerra Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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