Prime Santa Barbara 4-Unit Multifamily Investment Opportunity
This well-maintained 4-unit multifamily property is ideally located just off Turnpike Road, offering quick access to the US 101 Freeway and only minutes from downtown Santa Barbara. Its central location places residents near retail shopping, restaurants, parks, and just a short walk from San Marcos High School — ensuring a strong and stable tenant base.
Not subject to City Rental Rules
Situated on an approximately 8,776 SF lot, the property features a 3,560 SF building with a highly desirable unit mix: (1) 1BD/1BA, (2) 2BD/1BA, and (1) 3BD/2BA. Each unit includes one dedicated covered parking space, adding to tenant appeal and convenience.
With significant upside potential through rent growth or light improvements.
Active
$2,400,000
4817 San Gordiano Ave, Santa Barbara, CA 93111
8beds
5baths
3,928sqft
:
Get pre-qualified$15,811/mo
Multi Family
Built in 1964
-- sqft lot
$2,347,800 Zestimate®
$611/sqft
$-- HOA
What's special
- 282 days |
- 340 |
- 14 |
Zillow last checked:
Listing updated:
Listed by:
Joel Butera 01229404,
Berkshire Hathaway HomeServices California Properties
Source: SBMLS,MLS#: 25-3653
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 5
Heating
- Wall Furnace
Appliances
- Laundry: Bldg
Features
- Flooring: Carpet, Wood/Laminate
- Has fireplace: No
Interior area
- Total interior livable area: 3,928 sqft
Property
Parking
- Total spaces: 4
- Parking features: Outside, Carport
Features
- Stories: 2
Lot
- Size: 8,276 Square Feet
- Features: Near Public Transit
Details
- Parcel number: 065471006
- Zoning: R-3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Foundation: Slab
Condition
- Good
- Year built: 1964
Community & HOA
Location
- Region: Santa Barbara
Financial & listing details
- Price per square foot: $611/sqft
- Tax assessed value: $1,034,677
- Annual tax amount: $12,734
- Date on market: 12/15/2025
- Cumulative days on market: 283 days
- Listing terms: Conventional,Cash
- Total actual rent: 12949
Estimated market value
$2,347,800
$2.23M - $2.47M
$2,919/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/8/2026 | Price change | $2,400,000-4%$611/sqft |
Source:  SBMLS #25-3653 Report a problem | ||
| 12/15/2025 | Listed for sale | $2,500,000$636/sqft |
Source: SBMLS #25-3653 Report a problem | ||
| 11/21/2025 | Pending sale | $2,500,000$636/sqft |
Source: SBMLS #25-3653 Report a problem | ||
| 11/13/2025 | Price change | $2,500,000-3.8%$636/sqft |
Source: SBMLS #25-3653 Report a problem | ||
| 10/1/2025 | Listed for sale | $2,600,000+293.9%$662/sqft |
Source: SBMLS #25-3653 Report a problem | ||
| 6/30/1999 | Sold | $660,000+43.5%$168/sqft |
Source: Public Record Report a problem | ||
| 5/22/1997 | Sold | $460,000$117/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $12,734 +1.6% | $1,034,677 +2% |
| 2024 | $12,533 +1.4% | $1,014,390 +2% |
| 2023 | $12,356 +1.5% | $994,501 +2% |
| 2022 | $12,172 +1.5% | $975,002 +2% |
| 2021 | $11,996 +2.4% | $955,885 +1% |
| 2020 | $11,718 +1.6% | $946,084 +2% |
| 2019 | $11,531 +2.2% | $927,535 +2% |
| 2018 | $11,279 +1.9% | $909,349 +2% |
| 2017 | $11,074 +4.2% | $891,519 +2% |
| 2016 | $10,625 +1.6% | $874,039 +1.5% |
| 2015 | $10,462 | $860,912 +2% |
| 2014 | $10,462 | $844,049 +2.5% |
| 2012 | -- | $823,761 +2% |
| 2011 | -- | $807,610 +0.8% |
| 2010 | -- | $801,575 -0.2% |
| 2009 | -- | $803,481 +2% |
| 2008 | -- | $787,727 +2% |
| 2007 | -- | $772,282 +2% |
| 2006 | -- | $757,140 +2% |
| 2005 | -- | $742,295 +3.9% |
| 2003 | -- | $714,404 +2% |
| 2002 | -- | $700,397 +2% |
| 2001 | -- | $686,664 +2% |
| 2000 | -- | $673,200 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 93111
Nearby schools
GreatSchools rating
- 5/10El Camino Elementary SchoolGrades: K-6Distance: 0.4 mi
- NALearning Tree PreschoolGrades: Distance: 2.5 mi
Schools provided by the listing agent
- Elementary: El Camino
- Middle: LaColina
- High: San Marcos
Source: SBMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
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