11/6/2008

Marcus & Millichap lists Santa Barbara multi-family community for $14 million

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A Santa Barbara, Calif., apartment community featuring 10 two-story buildings over 2.5 acres has been listed by Marcus & Millichap for $13.99 million.

Stuart Fuss, a vice president - investments, and Andre Jizrawi, an investment specialist, both of the firm's Santa Barbara office, are representing the local seller.

Camino De Vida Apartments is a 54-unit multi-family community located at 157 Camino De Vida Ave. in Santa Barbara. The property has a mix of one-, two- and three-bedroom units, totaling 53,250 square feet.

The listing price averages to $259,167 per unit. The community is listed at 99 percent occupied.

Address: Camino De Vida Avenue, Santa Barbara, Calif.

Size: 54 units

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Filed Under: Multi-Family

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