$3,650,000
$3,795,000
3.8%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 11/07/2025
Key Details
Sold Price $3,650,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
MLS Listing ID V1-27351
Sold Date 11/07/25
HOA Y/N No
Year Built 2024
Property Description
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.
Location
State CA
County Santa Barbara
Area Vc81 - Santa Barbara
Zoning C-M
Interior
Flooring Carpet, Laminate, Tile
Fireplaces Type None
Fireplace No
Laundry See Remarks
Exterior
Parking Features None
Fence Masonry, See Remarks
Pool None
Community Features Gutter(s), Park
View Y/N No
View None
Private Pool No
Building
Lot Description Near Park, Near Public Transit
Story 2
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction Yes
Others
Senior Community No
Tax ID 031171009
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Financing Cash
Special Listing Condition Standard
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Bought with Jonathan Standring Beachside Partners
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Managing Broker, JD | Lic# DRE# 01065018/02178736