Santa Barbara CA Multi Family for Sale
$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!
$2,750,700
E Pedregosa Street Santa Barbara, CA 93103
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1912
- Baths:
- MLS#:
- 24-3348
- Subdivision:
- 15 - Riviera/lower
View additional info
Courtesy: Compass
805-284-0881
ADDITIONAL INFORMATION
Welcome home to this remarkable 1912 Craftsman triplex that is gracefully perched above a quiet Lower Riviera street on a lot that borders the City's 4-acre Orpet Park. The lower level owner's apartment has 3 bedrooms & 2 bathrooms, hardwood floors, a cozy fireplace, 2 sets of French doors, & a sunroom. The upper level contains a charming studio and a 1-bedroom apartments that are currently leased, both with arched nooks & full bathrooms. There are tree-top City & ocean views from all 3 apartments. The many modernized upgrades to all 3 apartments blend seamlessly with the property's original classic charm.
$2,099,000
918 E Ortega Street Santa Barbara, CA 93103
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.12 Acres
- Year built:
- 2004
- Baths:
- MLS#:
- 24-2616
- Subdivision:
- 15 - Lower Eastside
View additional info
Courtesy: Hayes Commercial Group
805-563-2111
ADDITIONAL INFORMATION
Built in 2004, this tastefully designed Cape Cod duplex is perfect for an owner-occupant looking to make one of these spacious units their home, or for an investor looking for a quality property with significant rent potential. Downstairs is a 3BD/2BA with an additional room totaling 1,188 square feet of living space that boasts top-of-the line appliances, in-unit washer and dryer, a gas fireplace in the living room, and excellent natural light throughout. Upstairs is a 3BD/2BA totaling 1,361 square feet of living space offering gorgeous views of the Riviera from the entry deck and kitchen, vaulted ceilings, living room and primary suite, newer counter tops, fixtures and lights in the kitchen and in-unit washer and dryer. Currently, both units share a 442 square foot two-car garage. This property has been lovingly cared for by its owner and is primed for the next generation of ownership to capitalize on the property's quality and size. Top floor owner's unit will be available for an owner occupant. Downstairs is currently rented for $5,295 per month with market rent estimated at $5,500. Upstairs estimated market rent is $5,700. Both occupants share all utilities 50/50. Total gross income potential is $131,940 annual.
$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 $1,525,500. 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 93103 has a population of 89,132. Santa Barbara 93103 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 93103 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 93103 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.