Renovated 23-Unit Apartment
For Sale
Contact for pricing
16 W Mission St, Santa Barbara, CA 93101
Multifamily asset with updated interiors, courtyard landscaping, new parking, and stabilized rents.
Property SizeContact for details
Days on Market146
Property Features for 16 W Mission St
General Information
Standard status
Active
Property subtype
Multifamily
Additional Details
Cap Rate
4.16%
Multifamily Units
23
Building Details
Year Renovated
2020
Listing Agency:
Radius Commercial Real Estate & Investments Santa Barbara
Listed By:
Gene Deering · License #CA 01450943
(805) 965-5500
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 30 at 12:52PM
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.
This 23-unit apartment building in Santa Barbara received a comprehensive renovation during 2019–2020. Improvements included refreshed interiors, landscaped courtyard areas, and new parking. The property originally dates to the 1950s and 1970s, reflecting multiple construction periods within the asset.
Current rents are stabilized, with a 4.16% cap rate based on actual performance. The property also includes two permit-ready ADU units, providing an identified expansion component. Located at 16 W. Mission St, the asset offers an established multifamily configuration in Santa Barbara.
Current rents are stabilized, with a 4.16% cap rate based on actual performance. The property also includes two permit-ready ADU units, providing an identified expansion component. Located at 16 W. Mission St, the asset offers an established multifamily configuration in Santa Barbara.
Key Highlights
- 23‑unit apartment building in Santa Barbara
- Renovated during 2019–2020
- 4.16% cap rate based on current actuals
Property Analytics
Property Profile
Current Use
Lease Details
23
Residential units
Location Intelligence
Trade Area within ½ mile
3,779
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 - Multifamily asset with updated interiors, courtyard landscaping, new parking, and stabilized rents.
Where is this apartment building located?
The property is located at 16 W Mission St Santa Barbara, CA.
What are key features of this property?
This property features: 23‑unit apartment building in Santa Barbara; Renovated during 2019–2020; 4.16% cap rate based on current actuals
