618 E Olive, Santa Barbara, CA 93101

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Wed

Jun

Thu

Jun

Fri

Jun

Glen Henderson

[email protected] +1(619) 889-7646

$3,795,000

Est. payment - /mo

10 Beds

8 Baths

10,018 Sqft Lot

Save

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID V1-27351

Bedrooms 10

HOA Y/N No

Lot Size 10,018 Sqft

Property Sub-Type Res Income 2-4 Units

Type of Financing Cash,Exchange

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.
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 Santa Barbara (93101)

Zoning See Remark

Exterior

Fence Other/Remarks

Building

Story 2

Level or Stories Split Level

Others

Acceptable Financing Cash, Exchange

Space Rent $5,000

Listing Terms Cash, Exchange

Read Less Info

Listed by Jonathan Standring • Beachside Partners

Get More Information

Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

618 E Olive Santa Barbara, CA 93101

Glen Henderson

Key Details

Location

Exterior

Building

Others

Get More Information