Rare opportunity to acquire an 11-unit apartment building in one of Santa Barbara's most desirable rental locations. Ideally situated approximately .7 miles from Cottage Hospital and approximately .4 miles from Trader Joe's, this centrally located property offers convenient access to the De La Vina Corridor, downtown Santa Barara, waterfront beaches, shopping and major freeways.
Your tenants can enjoy the benefits of living in a vibrant Santa Barbara neighborhood with convenient access to dining, coffee shops, outdoor recreation, parks, scenic beaches and a desirable coastal climate.
Consisting of 11 units, 3 x 2 bedroom/ 1 bath units, 4 x 1 bedroom/1 bath units and 4 studios (one without kitchen).
Active
$4,000,000
228 W Alamar Ave, Santa Barbara, CA 93105
10beds
11baths
6,500sqft
Multi Family
Built in 1964
-- sqft lot
$3,794,300 Zestimate®
$615/sqft
$-- HOA
What's special
- 87 days
- 209
- 12
Zillow last checked:
Listing updated:
Listed by:
Steve Heller 00929496 805-252-2749,
Berkshire Hathaway HomeServices California Properties,
John Finseth 01336897,
Berkshire Hathaway HomeServices California Properties
Source: SBMLS,MLS#: 26-2367
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 11
Heating
- Electric
Cooling
- None
Appliances
- Laundry: Bldg
Features
- Flooring: Carpet
- Has fireplace: No
Interior area
- Total interior livable area: 6,500 sqft
Property
Parking
- Total spaces: 11
- Parking features: Carport, Garage
- Garage spaces: 2
- Carport spaces: 8
- Covered spaces: 10
- Uncovered spaces: 1
Lot
- Size: 0.29 Acres
- Features: Near Public Transit
Details
- Parcel number: 051213010
- Zoning: Other
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Foundation: Slab, Mixed
Condition
- Good
- Year built: 1964
Community & HOA
Location
- Region: Santa Barbara
Financial & listing details
- Price per square foot: $615/sqft
- Date on market: 7/17/2026
- Cumulative days on market: 88 days
- Listing terms: Conventional,Cash
- Total actual rent: 24600
Estimated market value
$3,794,300
$3.60M - $3.98M
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/17/2026 | Listed for sale | $4,000,000$615/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Oak Park
Nearby schools
Schools provided by the listing agent
- Elementary: Peabody
- Middle: S.B. Jr.
- High: S.B. Sr.
Source: SBMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.




