20/twenty Group
This listing was posted on RealtyWW.
$16,500,000
Home For Sale In Santa Barbara, California
Price:
$16,500,000
Location:
1502 San Pascual St, Santa Barbara, CA
Description:
Turner Foundation (Non-Profit) owned property, currently providing 45 units of housing and 54 parking spaces with Community Learning Center, Programs and Services on site. Gross income $1.1m per year and current rent is 35% below market rate. Past Year NOI $802K with Non-Profit property tax exemption status equating to a 4.9% cap rate. New buyer may potentially retain Turner Foundation Non-Profit property tax exemption status if Turner Foundation remains as an Operating Partner. Buyer to verify all information.For more details: https://realtyww.info/homes_santa-barbara-d528428/for-sale_i70538250
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More About this Listing: Home For Sale In Santa Barbara, California
Home For Sale In Santa Barbara, California is a Single-Family Homes for Sale at 1502 San Pascual St in Santa Barbara CA. Find other listings like Home For Sale In Santa Barbara, California and listings near 1502 San Pascual St by searching Oodle Classifieds for Single-Family Homes for Sale in Santa Barbara CA.
Home For Sale In Santa Barbara, California is a Single-Family Homes for Sale at 1502 San Pascual St in Santa Barbara CA. Find other listings like Home For Sale In Santa Barbara, California and listings near 1502 San Pascual St by searching Oodle Classifieds for Single-Family Homes for Sale in Santa Barbara CA.