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.
$2,675,000
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
HUGE PRICE REDUCTION ...OVER $300K ON THIS 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!
$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, 1/12 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.
- 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.
$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
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 $1,525,500. 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 $1,525,500. 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 93101 has a population of 89,132. Santa Barbara 93101 is less family-centric than the surrounding county with 26.85% 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 93101 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 93101 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.