Well-Maintained 14-Unit Apartment
For Sale
Contact for pricing
28 W Pedregosa St, Santa Barbara, CA 93101
Well maintained 14-unit apartment building with remodeled units and in-unit carport parking plus storage.
Property SizeContact for details
Days on Market136
Property Features for 28 W Pedregosa St
General Information
Standard status
Active
Property subtype
Multifamily
Additional Details
Highway Access
Yes
Multifamily Units
14
Amenities
carport parking
storage
manicured landscaping
Building Details
Tenancy
Multi
Listing Agency:
Radius Commercial Real Estate & Investments Santa Barbara
(805) 879-9606
Listed By:
Steve Golis · License #CA 00772218
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 23 at 8:27AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Radius Commercial Real Estate & Investments Santa Barbara
Investment Insights
Based on property information with market context.
Situated in a garden setting with manicured landscaping, this well maintained 14-unit apartment building offers many remodeled units featuring modern upgrades. Each unit includes carport parking and storage, supporting straightforward, tenant-friendly day-to-day living.
The property is located on a quiet street less than a block from downtown Santa Barbara’s main thoroughfare, with close proximity to area amenities. Access to downtown, transportation, and the 101 Freeway is described as quick.
The sale is presented as an assumable-loan opportunity. The current loan is with Umpqua Bank and is described as having a 30-year amortization. The interest rate is fixed until March 1, 2026, after which it adjusts to 2.25% plus six-month Libor. The loan is currently interest only, with the outstanding principal noted as $3,430,000, and terms are described as shifting to principal and interest payments on March 1, 2023.
The property is located on a quiet street less than a block from downtown Santa Barbara’s main thoroughfare, with close proximity to area amenities. Access to downtown, transportation, and the 101 Freeway is described as quick.
The sale is presented as an assumable-loan opportunity. The current loan is with Umpqua Bank and is described as having a 30-year amortization. The interest rate is fixed until March 1, 2026, after which it adjusts to 2.25% plus six-month Libor. The loan is currently interest only, with the outstanding principal noted as $3,430,000, and terms are described as shifting to principal and interest payments on March 1, 2023.
Key Highlights
- Well maintained 14‑unit apartment building with many remodeled units
- Each unit includes carport parking and storage
- Quiet street setting in Santa Barbara less than a block from downtown’s main thoroughfare
Property Analytics
Property Profile
Current Use
Lease Details
14
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,611
Businesses Nearby
Explore this area
Business Placement
Demographics for 93101, CA
30,513
Population
13,664
Households
2.2
Avg Household Size
36
Median Age
41%
College-Educated
83%
High-School Grad
3.2 sq mi
ZIP Area
9,535
Density / Sq Mi
$79,868
Median Household Income
$42,614
Median Earnings
$2,109
Median Rent
$1,122,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Well maintained 14-unit apartment building with remodeled units and in-unit carport parking plus storage.
Where is this apartment building located?
The property is located at 28 W Pedregosa St Santa Barbara, CA.
What are key features of this property?
This property features: Well maintained 14‑unit apartment building with many remodeled units; Each unit includes carport parking and storage; Quiet street setting in Santa Barbara less than a block from downtown’s main thoroughfare
