City Walk Apartments located at 1402-1404 San Pascual St. Santa Barbara CA offers a rare opportunity to acquire a 75-unit trophy asset in the heart of Santa Barbara's budding Westside neighborhood. This multifamily property consists of seven buildings on two parcels and offers a wide range of unit mixes including (31) 1 bed/1 bath, (41) 2 bed/1 bath, (2) 2 bed/2 bath and (1) 3 bed/1 bath. Upon entering City Walk, residents and visitors will find themselves immersed with private palm tree lined parking lots and beautiful landscaping. The units have been well maintained and include spacious floor plans and private patios. Upstairs units feature pitched ceilings. The roof was replaced in 2020. Existing rents are substantially below market and have 64% upside to the property's current market rent. This centrally located property is in close distance to all amenities, and just minutes from downtown Santa Barbara's shopping, entertainment and dining. Do not miss this chance to acquire a wonderful investment asset in a premier location. Please do not disturb tenants.