Enjoy the benefits of a short-term typical investor return for the area, while working to realize significant long-term upside (5%-6%+ cap rate) which may be attainable for this central Santa Barbara multi-family asset. The location is a few blocks to Cottage Hospital, and within 1-2 miles of several other major employment centers and the signature Santa Barbara amenities of downtown restaurants/retail, the Theater/Arts district, the waterfront/beaches, and Santa Barbara City College. Along with close proximity to freeway access and artery streets allowing tenants ease-of-access, these factors combine to generate unmatched tenant demand. Recent upgrades include a brand-new roof and sewer la
Showcasing decades of consistent maintenance and high-quality upgrades, this nearly 2,000 sq-ft home exhibits unparalleled pride of ownership coupled with a highly desirable location. In this secluded pocket of the centrally located Upper Westside, enjoy quietude at home, the scenic trails of Elings Park up the street, and Mesa beaches or downtown just minutes away. The 3BD/2BA single-level home features pristine oak floors, two recent bathroom renovations, custom storage solutions, and an extensively remodeled kitchen completed last year with breakfast bar, quartz counters, Rohl sink/faucet, Miele dishwasher, Wolf range and microwave, and SubZero Pro fridge. Other recent improvements inclu
Located at the end of a quiet cul-de-sac in Santa Barbara's burgeoning Westside neighborhood, sits 2011 Oak Avenue. This ±4,218 SF Multifamily property features (8) 1 bedroom/1 bathroom units boasting spacious floor plans and private entrances, each flowing with an abundance of natural light. Upstairs units are peaked with cathedral ceilings and offer fireplaces and breathless mountain views. Tenants enjoy the ease of a recently paved 14-space parking lot, beautiful landscaping and convenient on-site laundry. The building has been very well maintained over the course of its longtime ownership. Current rents for these units are below market, offering an investor a fantastic opportun
Turner Foundation (Non-Profit) owned property, currently providing 45 units of housing and 54 parking spaces with Community Learning Center, Programs and Services on site. Gross income $1.1m per year and current rent is 35% below market rate. Past Year NOI $802K with Non-Profit property tax exemption status equating to a 4.9% cap rate. New buyer may potentially retain Turner Foundation Non-Profit property tax exemption status if Turner Foundation remains as an Operating Partner. Buyer to verify all information.
Downtown Duplex with Vacation Rental Possibility! Nestled in the Downtown Corridor and within close proximity to all of Santa Barbara's restaurant, shopping and theaters, sits 1715 De La Vina. Consisting of (2) 1 bedroom+ 1 bath units, the property boasts spacious floor plans, large windows and majestic mountain views. Upstairs unit features a bright and charming interior, ample storage and an extra-large patio space looking out to the mountains. Downstairs unit has been fitted with high end finishes and includes a private outdoor terrace. Tenants enjoy the ease of off-street parking in the shared 2-car carport. This property, now available for the first time in decades, offers a premier
This downtown commercial zoned property with a 1,062 square foot office/retail including 3 offices and a bathroom plus a two bedroom, one bathroom home and a 360 square foot carport offers an incredible opportunity to live and work downtown. Versatile uses of this commercial lot offer many development possibilities. The residence is currently occupied by a family but the commercial space is vacant now. Current rent for residence is $2,125/mo and last tenant in commercial paid $4,500/mo. Owner pays trash, water and sewer of $225/mo.
PLEASE DO NOT DISTURB TENANTS. Owned and loved by the same family for over 70 years. The combination of location, character and unit mix makes 208 W. Arrellaga St. an ideal and rare multi-family investment opportunity. Set behind a white picket fence, rose bushes planted in the 1940's line the walkway to the original main house which consists (1) 2 bed/1 bath, (2) 1 bed/1 bath. The spacious downstairs 1-bed unit has a formal living room, separate dining room as well as a sun porch that opens up to an inviting patio and a fenced private backyard. The upstairs 1-bed unit features dining room/breakfast nook, galley kitchen and a sun porch overlooking the backyard. The 2-bed unit, which is also
Introducing Casa Napoli, a meticulously cared for and recently updated 5-unit apartment building nestled in the vibrant heart of Downtown Santa Barbara. Owned by the same family for nearly 50 years, this property exudes pride of ownership. Offering a spacious 3-bedroom, 2-bathroom unit as well as four 1-bedroom, 1-bathroom units totaling 3,360sq. ft. , Casa Napoli offers versatile living spaces to suit a variety of lifestyles. Tenant amenities include both covered and uncovered parking for residents, as well as a convenient coin-operated community laundry room. A low maintenance asset with recent upgrades to the property including a brand-new roof over both the building and carport, ABS pla
8 units for sale, approximately 5600 sq/ft building on a 11,250 sq/ft lot, on-site laundry room. Features (4) 2 bedroom units and (4) 1 bedroom units. Current rents below market. Convenient location for tenants with easy access to downtown, shopping, and Hwy 101. Excellent opportunity for an investor to purchase a bread and butter 8 unit apartment in Santa Barbara.
10 units for sale with 8-9 car parking, approximately 5315 sq/ft (buyer to verify) on a 19,596 sq/ft lot, on-site laundry area. Features (9) 1 bedroom units and (1) studio unit. There is a 4 unit Victorian House, a separate duplex, a separate 1 bedroom cottage, and a separate triplex. Current rents below market. Convenient location for tenants with easy access to downtown, shopping, and Hwy 101. Excellent opportunity for an investor to purchase 10 units with development potential.
Welcome to 640 & 644 W Ortega, Santa Barbara, CA! This fantastic property has been owned by the same family for over 45 years. This property offers two duplex buildings, providing a total of four units. Each unit features a comfortable layout with two bedrooms and one bathroom, making them ideal for both residents and potential tenants. Situated on a generous 1.55-acre lot, this property offers ample space and a serene environment with breathtaking mountain views. The expansive land provides opportunities for various uses and potentially expanding the existing building or potentially adding an ADU. The duplex buildings are well-maintained and offer a great investment opportunity. Whet
Unique and sought after opportunity to acquire this 3 bedroom, 2 bath, R-4 (buyer to verify) zoned home in the heart of downtown Santa Barbara. First time being offered in almost two decades, the home offers an exceptional chance for both seasoned investors and owner/users alike in a prime location on a smaller, low-maintenance lot. DO NOT DISTURB TENANTS! Current Rents for both units are $4400 total a month. Showings are Subject to Inspection with accepted offer. Sale is subject to Court Approval and overbid. Call Listing Agent for Details.
Nestled into the lush trees of the Mesa neighborhood, this beautifully updated four-bedroom, three-bathroom home offers a rare combination of vaulted ceilings, large windows and sun-splashed interiors. Tastefully and extensively remodeled with premium finishes, this home exudes an easy elegance end modernity. This open-concept stunner is very private; stepping inside reveals spacious rooms and numerous outdoor areas that are excellent for entertaining, al fresco dining, enjoying the ocean views and gorgeous sunsets. The large open kitchen offers plenty of room for cooking and entertaining, while the upstairs features gorgeous oak floors, tall ceilings and clean lines adding great style, whi
Location! Location! Location! Downtown SB! A spectacular Victorian-style main home and separate duplex in the heart of downtown Santa Barbara. With a high walking score, this property offers convenience: walk to shops, parks, restaurants, theaters, and more. The ocean is a short drive. A one-of-a-kind property with integrity, style, & endless possibilities. This multi-family gem boasts a main front home & a duplex behind main home. Main home has a total of 4 bedrooms to include a spacious upstairs suite. From its elegant wood floors to its soaring ceilings, crown moldings, picture rails, and double-hung windows, every detail exudes timeless beauty. Enjoy outdoor living with invit
Plans Approved! Ready To Build View Home! This stunning 3 bed, 5 bath, and office, contemporary masterpiece with open floor plan is a dream waiting to happen. Choose your finishes to make it your own. With 2,183 sq ft of living space, an elevator, and 537 sq foot 2 car garage, this home with panoramic mountain and city views has it all. Step out on balconies and roof deck to soak in the amazing views of the mountains, Riviera, city lights and starry nights. Situated in a welcoming, well established, stable neighborhood at the end of a quiet cul de sac, this home is close to Downtown and Mesa shops and restaurants, beaches and marina. This property is in the heart of all the action Santa Bar
''CASITAS CARINOS'' ANDALUSIAN ARCHITECTURAL GEM Built in 2011 on a rare corner lot 50' by 100' in downtown Santa Barbara stands this truly magnificent apartment complex thoughtfully and creatively designed and constructed with high quality materials by the Builder/Architect Owner. This harmonious blend of desirable units each with a private roof top terrace or private brick patio, all perfect for alfresco dining in addition to 3 ½ garages with ample driveways. All the spacious and thoughtfully oriented units offer French doors, laminate floors, stainless steel appliances, stacked washers and dryers, granite countertops in kitchens and bathrooms and a wrought iron fenced country gard
DOWNTOWN SB MULTI-UNIT INVESTMENT OPPORTUNITY (#2). 1930's Craftsman triplex situated on approximately . 17 acre in a prime downtown Santa Barbara location. Versatile R-MH (R-4) zoning offers potential for multi-unit apartments/condominiums, hotel/bed & breakfast, multi-unit residential income use (Buyer to verify). Current unit mix (1)1BD/1BA, (1)2BD/1BA & (1) Studio. Maximum allowable rental unit potential currently unrealized. Walking distance to Downtown/State Street, The Public Market & SB Theatre District. Offered individually or together with adjacent property (1225/1227 Bath Street). Do not go onto property without an appointment.
INCREDIBLE DOWNTOWN SB MULTI-UNIT INVESTMENT OPPORTUNITY. Early 1900's Craftsman 6-unit apartment house situated on approximately . 25 acre in a prime downtown Santa Barbara location. Versatile R-MH zoning offers potential for multi-unit apartments/condominiums, hotel/bed & breakfast, multi-unit residential income use (Buyer to verify). Current unit mix (2)1BD/1BA, (1)2BD/1BA, (3)Studio. Walking distance to Downtown/State Street, The Public Market & SB Theatre District. Offered individually or together with adjacent property (1229 Bath Street). Do not go on property without an appointment.
This charming Queen Ann Victorian style house was originally built in 1911 and moved to its present location in 1925. Additional work was performed in 1930 and was expand in 2005 to improve its features and continue its legacy. The main home offers 3 bedrooms, 1½ bathrooms, a charming living room & formal dining room. A white picket fence surrounds its beautifully landscaped front yard. The front porch offers a peaceful place to relax and watch passersby from this delightful home. The guest house offers a quaint 1 bedroom, 1 bathroom retreat set in a serene wooded setting. Complete with a 1 car garage & zoned R-4, this versatile property has so much to offer. Its creeksid
Introducing an exceptional opportunity in Santa Barbara, California! This captivating fixer home unveils itself as a blank canvas bursting with endless potential, offering you a rare chance to shape a unique living space. Nestled in a highly sought-after location just one mile from the beach and vibrant State Street, this property presents a remarkable chance to embrace the best of coastal serenity and urban excitement. With its multi-unit zoning, this property opens doors to a myriad of possibilities, appealing to visionary individuals and astute investors alike. Create multiple living spaces or explore the potential for an income-generating propertythe choice is yours to fashion a truly o