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.
Property Type(s):
Residential Income
|
Last Updated
|
1/3/2025
|
Tract
|
Not Applicable
|
|
Year Built
|
2024
|
Community
|
Santa Barbara
|
|
County
|
Santa Barbara
|
Additional Details
| AIR CONDITIONING |
Yes |
| AREA |
Santa Barbara |
| GARAGE |
None |
| HOA DUES |
0 |
| LOT |
10019 sq ft |
| LOT DESCRIPTION |
Near Park, Near Public Transit |
| PARKING |
None |
| POOL DESCRIPTION |
None |
| STORIES |
2 |
| SUBDIVISION |
Not Applicable |
| UTILITIES |
Electric: 220 Volts |
| VIEW DESCRIPTION |
None |
| ZONING |
C-M |
Location
Listed with Beachside Partners
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2025.
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