1502 San Pascual Street

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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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!

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Features & Amenities

Interior

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

Area & Lot

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

Exterior

lot featuresNear Public Transit
parkingCarport, Uncovered

Financial

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

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SANTA BARBARA

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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.

1502 San Pascual Street

$15,900,000

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Schedule a Showing

Features & Amenities

Interior

Area & Lot

Exterior

Financial

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THE MOREHART GROUP

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