SANTA BARBARA, CA-The 97 unit Harbor Heights Manor apartment complex near West Beach has entered the area's hotly contested multifamily investments market with a price tag of $33 million or $340,000 per unit.
Radius Commercial Real Estate & Investments, which listed the asset, says the sale will be the largest in the area since a trio of Isla Vista transactions in 2010 ranging in size from $27-$37 million.
Built in 1970, the property occupies a sizable footprint on a rise that sits on the doorstep of Santa Barbara City College at the corner of Cliff Drive and Loma Alta Drive.
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