1532 Castillo St Santa Barbara, CA 93101

Listing agency Compass

Listed by Jason Bertoli · License #CA 02031684

Source Crexi

Added: Apr 12 Updated: Jul 22 at 6:43PM Checked: Jul 22 at 6:43PM

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Investment Insights

Based on property information with market context.

This turnkey triplex features a fully renovated main Colonial house and a detached rear duplex, with both units updated for modern comfort and low maintenance. The main house offers 5 bedrooms and 3 bathrooms, including a new kitchen and bathrooms, along with new electrical and plumbing and ductless heat and AC. The detached rear duplex has also been fully renovated and includes wood floors, updated kitchens, AC, and in-unit laundry.

The property is located at 1532 Castillo St in Downtown Santa Barbara and is described as fully leased. Public remarks also note R-4 zoning and a strong rental history.

As presented, the triplex is generating $132,000 in annual rental income and is offered with a stated 4% cap rate.

Key Highlights

• Fully leased triplex generating $132,000 in annual rental income, offered at a 4% cap rate
• Main house: 5 beds and 3 baths, fully renovated with new kitchen and bathrooms, plus new electrical and plumbing
• Main house HVAC: ductless heat & AC

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FAQs

What type of property is this?

Triplex - Turnkey triplex with fully renovated main house and rear duplex, generating $132,000 annually, zoned R-4.

Where is this triplex located?

The property is located at 1532 Castillo St Santa Barbara, CA.

What are key features of this property?

This property features: Fully leased triplex generating $132,000 in annual rental income, offered at a 4% cap rate; Main house: 5 beds and 3 baths, fully renovated with new kitchen and bathrooms, plus new electrical and plumbing; Main house HVAC: ductless heat & AC