1011 Laguna St

Exceptional opportunity to acquire a well-maintained 8-unit multifamily property located in the heart of Downtown Santa Barbara. The property features an attractive unit mix of (8) one-bedroom/one-bathroom units, several of which have been recently updated to enhance livability and appeal. One unit will be delivered vacant at COE.

Upstairs units feature vaulted ceilings that create a bright, spacious atmosphere, contributing to the property’s overall charm and character. Tenants benefit from off-street parking—a rare convenience in this central location—along with close proximity to Santa Barbara’s vibrant State Street corridor, parks, beaches, and major employers.

With its combination of classic Santa Barbara architecture, strong rental demand, and unbeatable location, 1011 Laguna Street represents an ideal long-term investment opportunity in one of the city’s most desirable neighborhoods

Building Size

±3,722 SF

Units

8 Units ($368,750/per unit)

Unit Mix

(8) 1BD/1BA

Cap Rate

Current: 4.41% • AB1482: 4.64%

Market: 4.73%

GRM

Current: 13.40 • AB1482: 12.97

Market: 12.80

NOI

$130,009

Parking

±9 Uncovered Spaces

Zoning

C-G

APN

029-221-013

Year Built

1957

Utilities

Tenant Pays Gas, Electric.

Landlord Pays Water/Sewer, Trash.