805.689.0532
Real Estate Company
CityWalk Apartments: a 75-unit Westside Santa Barbara community at 1402/1404 San Pascual St. Seven two-story buildings on 2.09 acres across two parcels, built in 1972, with about 46,844 SF of buildings and 92 parking spaces. Unit mix of 29 one-bed, 45 two-bed and a three-bed leasing office. All 74 rentable units are occupied, and current rents sit well below the property's own recent leases, giving a buyer significant upside on turnover. Recent work: re-roof permits for all seven buildings 2020, partial sewer lateral replacement 2023, rebuilt sump pumps and new owner-owned laundry machines 2026, plus Square D breaker panels. About 4 min to State Street, 5 to downtown, Cottage Hospital and the Funk Zone. Buyer to verify all information.
Listing courtesy of Radius Group Commercial R.E..
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