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.
Sold for $3,650,000
Zillow last checked:
Listing updated:
Bought with:
Jonathan Standring, DRE #01893163
Beachside Partners
Source: CRMLS,MLS#: V1-27351
Originating MLS: California Regional MLS (Ventura & Pasadena-Foothills AORs)
Originating MLS: California Regional MLS (Ventura & Pasadena-Foothills AORs)Price history
| Date | Event | Price |
|---|---|---|
| 11/7/2025 | Sold | $3,650,000-3.8%$608/sqft |
Source:  CRMLS #V1-27351 Report a problem | ||
| 10/9/2025 | Pending sale | $3,795,000$633/sqft |
Source: CRMLS #V1-27351 Report a problem | ||
| 1/3/2025 | Listed for sale | $3,795,000$633/sqft |
Source: CRMLS #V1-27351 Report a problem | ||
Sell for more on Zillow
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$3,752,900
2% more
+$75,058
With Zillow Showcase(estimated)
$3,827,958
