1502 San Pascual Street
1502 San Pascual Street
1502 San Pascual Street
1502 San Pascual Street
1502 San Pascual Street
1502 San Pascual Street
1502 San Pascual Street
1502 San Pascual Street
1502 San Pascual Street
1502 San Pascual Street
1502 San Pascual Street
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1502 San Pascual Street
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1502 San Pascual Street
1502 San Pascual Street
1502 San Pascual Street
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1502 San Pascual Street
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1502 San Pascual Street
For Sale

1502 San Pascual Street

1502 San Pascual Street, SANTA BARBARA, CA 93101

$15,900,000
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.

79
beds

45
baths

1 Acres lot

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Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.

Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.
Thank you for your interest in 1502 San Pascual Street, SANTA BARBARA, CA 93101. We are reviewing your request and will be in touch shortly!

Features & Amenities

Interior

  • total bedrooms79
  • Total bathrooms45
  • full bathrooms45
  • Laundry room Laundry Room
  • Flooring Vinyl, Carpet

Area & Lot

  • Status For Sale
  • Lot Area1 Acres
  • MLS® ID24-571
  • TypeResidential
  • YEAR BUILT1972
  • NeighborhoodSANTA BARBARA
  • Elementary SchoolHarding
  • Middle SchoolLaCumbre
  • High SchoolSan Marcos

Exterior

  • lot featuresNear Public Transit

Financial

  • Sales Price$15,900,000
  • Zoning R-4

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The Morehart Group has set a standard of excellence in the Santa Barbara and Montecito luxury real estate market. Offering a unique combination of local insight, unmatched experience, and global expertise, the group has a history of cultivating strong relationships within the local community.

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