Santa Barbara CA Multi Family for Sale
$3,795,000
618 Olive Santa Barbara, CA 93101
- Type:
- Cluster
- Sq.Ft.:
- 6,000
- Status:
- NEW LISTING
- Beds:
- n/a
- Lot size:
- 0.23 Acres
- Year built:
- 2024
- Baths:
- MLS#:
- V1-27351
- Subdivision:
- Not Applicable
ADDITIONAL INFORMATION
Located in the heart of downtown Santa Barbara, this multifamily investment property presents a rare opportunity, featuring a mix of newly constructed and renovated buildings. Three of the six units were built from the ground up between 2023 and 2024, while the remaining three have been extensively improved, all with market rents in place. Offered at a current 5.47% cap rate and a GRM of 12.71, the property is ideal for investors seeking a more passive investment. Tenants enjoy exceptional walkability, with a Walk Score of 94 and a Bike Score of 99, providing easy access to Santa Barbara's most exciting destinations including Arnoldi's, Santa Barbara's iconic Italian restaurant and the emerging Haley corridor. Total current monthly income is $25,650.
$2,999,999
1310 Laguna Street Santa Barbara, CA 93101
- Type:
- Cluster
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 3
- Lot size:
- 0.25 Acres
- Baths:
- 1.00
- MLS#:
- 224004972
ADDITIONAL INFORMATION
Now is the chance to invest in this spectacular GEM! Offering VIEWS, all open floor plans & one story structures with an extra large covered and open parking area.This incredible residential income property is an extraordinary rarity! Welcome to this charming, one of a kind great investment property. The Main house is approximately880 sq. ft. Starring 3 bedrooms, 1 bathroom and private patio areas with a deck off the back to enjoy monumental views, entertaining, gardening and peaceful zen moments. The kitchen is open to the living room and dining room area making it a desirable home to have family and friends gather around to enjoy good times and make memories that will last a lifetime. The duplex units are behind the main house. As you enter Unit B it feels like home immediately. Boasting wide open spaces, it is approximately 1,204 sq. ft., 3 bedrooms, 1 & 3/4 bathrooms, living room with cozy brick fireplace, dining room and large kitchen that all open to the private entertaining patio area. Unit C is also a winner! With approximately 1,026 sq. ft., 2 bedroom, 1 bathroom, living room with inviting fireplace, large kitchen & 2 private side and back patio areas making it a wonderful place to entertain, enjoy the good times and lovely Santa Barbara living style at its best. This property is in the heart of Santa Barbara & so close to State Street, Dining & Shopping areas, Santa Barbara Bowl, Santa Barbara Harbor, East Beach, Old Mission Santa Barbara, Mission Historical Park & Mission Rose Garden, Santa Barbara Museum of Natural History, Alameda Park, 4 plus acres dog friendly Orpet Park, Schools, Hospital & more!
$5,575,000
Address not provided Santa Barbara, CA 93108
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 3.3 Acres
- Year built:
- 1991
- Baths:
- MLS#:
- 24-3942
View additional info
Courtesy: Sotheby's International Realty
805-969-4755
ADDITIONAL INFORMATION
Impressive Investment opportunities on 3.3 Acres w/270° Panoramic Views in Montecito. Main House, plus permitted Guest Apt w/Kitch, LR, BDR. Add'l large Finished Space w/bath, sep entry, appealing for 3rd Unit, ADU/JrADU, in High Rent area. Also, Explore SB9 lot split w/acreage. Single Level entry to Living Areas, Office & Most Bdrs, also ideal for multi-generational. Newly Renovated, Hi ceilings & huge windows capture the essence of nature, while you enjoy 7450 ± SF of flexible living space. Upside potential while living with an extraordinary blend of comfort & breathtaking Views provides fantastic value w/Luxury in a prestigious location. Spa, Firepit, Outdoor Kitch, Tranquil & no neighbors in sight, yet minutes to town. Cherished quiet lane has sales $10M-$20M. Room for Animals & Pool.
$2,995,000
1917 Bath Street Santa Barbara, CA 93101
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.16 Acres
- Year built:
- 1917
- Baths:
- MLS#:
- 24-3926
- Subdivision:
- 15 Or 20 - Downtown
View additional info
Courtesy: Village Properties
805-969-8900
ADDITIONAL INFORMATION
Wonderful opportunity to own 3 units in downtown Santa Barbara. Spectacular craftsman style 3 bed 2 bath single level main home (current rent $5,050) that could be the ideal owner's unit. Additionally, the property includes a two-bedroom 1 bath upstairs unit (current rent $3,300) and a very private single level studio (current rent $2,100) all on a 6,900 sq ft lot with 3 one car garages. All three units have been nicely upgraded and include working fireplaces, hardwood floors, coved ceilings and in unit laundry. Main home enjoys 9-foot ceilings, formal dining area with coffered ceilings and built-in cabinets, wood floors throughout, sunroom, recessed lighting, a huge attic space and so much more. Live here and rent the two back units! The rear building is a beautiful 2 bed one bath upstairs unit with coved ceilings, wood floors, outdoor balcony with Mountain views, a big kitchen with separate eating area, fireplace and in unit laundry. Below is a separate studio apartment with small office, murphy bed, hardwood floors, coved ceilings, fireplace, and in unit laundry. Three charming homes in a very convenient downtown location.
$3,295,000
E Valerio Street Santa Barbara, CA 93101
Open House:
Sunday, 1/5 1:00-3:00PM
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.19 Acres
- Year built:
- 1905
- Baths:
- MLS#:
- 24-3582
- Subdivision:
- 15 - Upper Eastside
View additional info
Courtesy: Berkshire Hathaway HomeServices California Properties
805-687-2666
ADDITIONAL INFORMATION
Step into history with this beautifully preserved Upper East craftsman home, built in 1905 and cherished by the same family for over 50 years. The grand main house features 4-bedrooms and 3.5-bathrooms (2791 SF) w/ high ceilings, large windows, charming historic details & custom hardwood floors throughout. A versatile family room (or 5th bedroom) opens to a landscaped south-facing backyard filled w/ rose bushes & fruit trees. The primary suite offers an ensuite bathroom, a fireplace, & private study w/ ocean views. The property includes a permitted, detached 1 BD, 1 BTH cottage (770 SF) w/ private outdoor patio. Below this, excellent additional square footage w/ potential for a future ADU. Upper On a beautiful tree lined street, minutes from SB Mission & downtown. A true SB treasure!
$4,950,000
1221 Chapala Street Santa Barbara, CA 93101
- Type:
- Cluster
- Sq.Ft.:
- 7,525
- Status:
- Active
- Beds:
- 2
- Lot size:
- 0.17 Acres
- Year built:
- 1987
- Baths:
- 6.00
- MLS#:
- 24455641
ADDITIONAL INFORMATION
Downtown Santa Barbara, mixed use Spanish Style building with 5614 sq feet of rented office/commercial space with a new buildout, high ceilings, open floor plan, and private office spaces. An additional 1911 sq foot, plus large deck space, Spanish Style residential penthouse with 2 bedrooms, 2 baths, full kitchen, and roof deck and 360 views of Santa Barbara. Located on Chapala and Victoria, 1 block off State Street and close to all restaurants, shops, and downtown amenities. A rare offering, trophy investment property in the California Riviera.
$7,400,000
440 Por La Mar Drive Santa Barbara, CA 93103
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.25 Acres
- Year built:
- 1957
- Baths:
- MLS#:
- 24-3381
- Subdivision:
- 15 - East Beach
View additional info
Courtesy: Berkshire Hathaway HomeServices California Properties
805-969-5026
ADDITIONAL INFORMATION
The sky's the limit for this ultra-rare waterfront-area 8-unit multi-family offering steps to Santa Barbara's best beach East Beach. Currently operated as standard long-term unfurnished rental apartments, the location of the building in the Coastal Zone and R-4 could allow for shorter-term rental uses. Other creative higher-return uses such as furnished long-term luxury rentals, corporate rentals or specialty group rentals are all possibilities in this A++ location. 2 of the 8 units have been kept intentionally vacant for the next owner to have a head start on re-positioning the property for their preferences. The property's current good condition is reflective of 20+ years of local pride-of-ownership hands-on management; 6 of the 8 units include various levels of existing upgrades, including tile floors throughout, but with plenty of room remaining for a new owner's value-add to a next level of luxury appropriate for the location. Projected cap rate after next AB 1482 round of rent bumps is estimated at ~4%, before any new value-add or other re-positioning for much higher potential cap rates - great numbers for a solid well-located Santa Barbara waterfront-area apartment building. Tenants and/or an owner-occupant would be within 1-2 blocks of casual and upscale dining and the world-renowned volleyball courts and soft sand of East Beach, and within a mile of both State Street / Stearns Wharf and Coast Village Road in Montecito. See the Offering Memorandum (unbranded) under Documents for more details about financial projections, floorplans and nearby amenties. Don't miss this rare generational investment opportunity!
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.12 Acres
- Year built:
- 1920
- Baths:
- MLS#:
- 24-3313
- Subdivision:
- 15 Or 20 - Downtown
View additional info
Courtesy: Hayes Commercial Group
805-563-2111
ADDITIONAL INFORMATION
Conveniently located just three blocks from State Street and near the many amenities of Downtown Santa Barbara, this value-add multifamily opportunity has been priced to account for the work the property requires: structural work, new roof, site work, exterior and interior updates and improvements. Ideal for a contractor, developer or savvy investor to improve and remodel five rental units while mitigating the issues around tenancies. Per plans with the City, this 1920's Craftsman-style building totals 2,750 SF and consists of a 2BD/1BA, a 1BD/1BA, and three Studios. The property provides five onsite parking spaces and common laundry for the tenants. Three of the five units will be vacant at the COE.
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.51 Acres
- Year built:
- 1973
- Baths:
- MLS#:
- 24-3242
- Subdivision:
- 20 - Oak Park
View additional info
Courtesy: Hayes Commercial Group
805-563-2111
ADDITIONAL INFORMATION
Turnkey apartment building! No significant capital improvements needed. Extensively remodeled 11-unit multifamily property located just one block from Cottage Hospital, minutes from Downtown and Uptown Santa Barbara, and near the beach and Highway 101. This Spanish-style property consists of an ideal unit mix featuring nine (9) large 2BD/2BA units and two (2) large 1BD/1BA units and offers tenants an intimate common courtyard along a creek setting amongst mature sycamores, pines and oaks. The property features 16 off street parking spots, private patios and/or decks for each unit, common onsite laundry facilities, bike storage, and tenant storage closets. Each unit has been tastefully remodeled with new wood-like vinyl flooring, new tile, new gourmet kitchens, new bathrooms, new appliances, new fixtures, new doors, new windows, and new paint throughout. The exterior has been improved with a new smooth stucco exterior, updated staircases and handrails, updated patios and decks, new exterior paint, new patio pavers, and improved landscaping. This recent remodel was completed to ensure an owner is able to obtain top dollar from Oak Park's rental market. *Square footage is estimated and only includes livable areas and laundry/storage rooms. ** Current Rents include current asking rents for four units that are currently vacant
$2,395,000
233 W Quinto Street Santa Barbara, CA 93105
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.21 Acres
- Year built:
- 1942
- Baths:
- MLS#:
- 24-2531
- Subdivision:
- 15 Or 20 - Downtown
View additional info
Courtesy: Berkshire Hathaway HomeServices California Properties
805-969-5026
ADDITIONAL INFORMATION
Available for the first time in over 50 years: a rare under-developed parcel adjacent to Cottage Hospital medical buildings. The property has 3 apartment units at the front, with the back half undeveloped. Recent positive housing density legislation provides a great opportunity for developers to add to or fully redevelop the parcel. Dual access is available via a public alley. The location is prime by Cottage, Sansum Clinic and numerous medical specialists, as well as the Upper De La Vina commercial corridor. The Offering Memorandum in Documents includes a land-use report projecting up to 11 apartment units. Unique development opportunity in a highly desirable area of Santa Barbara, or also consider for standard investor/1031 exchange as income + land-bank. Walk property by appt. only.
$2,400,000
W Islay St Santa Barbara, CA 93101
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.2 Acres
- Year built:
- 1905
- Baths:
- MLS#:
- 24-2284
View additional info
Courtesy: Hayes Commercial Group
805-563-2111
ADDITIONAL INFORMATION
Charming 4-unit property on a large lot with excellent rental history. Conveniently located between downtown Santa Barbara and Cottage Hospital, this colonial-style property features a large 4BD/3.5BA main home which has been separated into two units (3BD/2.5BA and 1BD/1BA, each with a fireplace), as well as a separate duplex (2 x 1BD/1BA). Both of the duplex units have fireplaces and three of the four units include laundry. The 3BD/2.5BA portion of the main home will be delivered vacant, allow¬ing for an owner to obtain full market rate rents or occupy it themselves. A new owner may also explore converting the separated unit and existing garages into legal dwell¬ings under the additional dwelling unit (ADU) legislation to maximize rental income. See ''more'' Utilities: Master metered for all utilities To Show: Call listing agent. Do not disturb tenants. The property benefits from plentiful off-street parking and garage storage for tenants or owner.
$1,450,000
206 W Cota Street Santa Barbara, CA 93101
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.1 Acres
- Year built:
- 1955
- Baths:
- MLS#:
- 24-2150
- Subdivision:
- 15 Or 20 - Downtown
View additional info
Courtesy: eXp Realty of California, Inc.
805-364-9009
ADDITIONAL INFORMATION
Introducing a charming duplex in downtown Santa Barbara, each unit featuring 1-bed/1-bath with a walled front garden and private outdoor courtyards. Located just 2 blocks from the vibrant State Street Promenade and a short stroll from the beach, this property offers the ultimate in convenience & coastal living. Recently updated, it boasts modern amenities and stylish finishes like new stainless steel appliances, air conditioning, vinyl floors & windows, quartz countertops, new landscaping, and off-street parking. This duplex can be used as an owner-occupied home w/ extra income to offset the mortgage, or it is an ideal investment property w/ positive cash flow & expansion potential for an additional unit. Don't miss this fantastic opportunity to own a piece of paradise in a prime location
$3,595,000
706 E Haley Street Santa Barbara, CA 93103
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.24 Acres
- Year built:
- 2016
- Baths:
- MLS#:
- 24-2128
- Subdivision:
- 15 Or 20 - Downtown
View additional info
Courtesy: Hayes Commercial Group
805-563-2111
ADDITIONAL INFORMATION
706 E Haley St is an extensively rebuilt/remodeled, 3-building, mixed property consisting of 3 commercial suites, 5 apartments & 3 1-car garage. The main building & garages were rebuilt in 2016, plus a freestanding comm. building was completed in 2023, creating a top-quality property in like-new condition. This premier property can be delivered 100% occupied with the Seller leasing back their 1,474 SF office at market terms; or, the Seller can possibly deliver all the commercial suites and garage vacant at the close of escrow.
The data relating to real estate for sale on this web site comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. Real estate listings held by brokerage firms other than Xome Inc. are marked with the “MLS” logo and detailed information about them includes the name of the listing brokers.
Santa Barbara Real Estate
The median home value in Santa Barbara, CA is $1,995,000. This is higher than the county median home value of $863,600. The national median home value is $338,100. The average price of homes sold in Santa Barbara, CA is $1,995,000. Approximately 38.65% of Santa Barbara homes are owned, compared to 55.47% rented, while 5.88% are vacant. Santa Barbara real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Santa Barbara real estate agent to arrange a tour today!
Santa Barbara, California has a population of 89,132. Santa Barbara is less family-centric than the surrounding county with 24.59% of the households containing married families with children. The county average for households married with children is 31.69%.
The median household income in Santa Barbara, California is $89,243. The median household income for the surrounding county is $84,356 compared to the national median of $69,021. The median age of people living in Santa Barbara is 39.1 years.
Santa Barbara Weather
The average high temperature in July is 73.1 degrees, with an average low temperature in January of 43.1 degrees. The average rainfall is approximately 18.5 inches per year, with 0 inches of snow per year.