Contacts
Radius Commercial Real Estate
Radius Commercial Real Estate
Radius Commercial Real Estate
Radius Commercial Real Estate
Property Details
- Property Type Multi-Family
- Property Size 5,438 SF
- Units 10
- Lot Size 0.19 Acre
- Cap Rate % 4.28
- Parking Spaces Avail. 8
- Parking Ratio 1.47 / 1,000 SF
- Year Built 1956
- Date Updated Apr 8, 2026
10-unit multifamily asset ideally situated in the heart of Downtown Santa Barbara, offering an exceptional blend of location, condition, and upside potential. The property features a desirable unit mix of (8) one-bedroom/one-bath and (2) two-bedroom/one-bath apartments. The building has been well-maintained property with beautifully landscaped grounds, and 8 uncovered parking spaces—a valuable amenity in this prime urban location. Several units have been recently refreshed, providing an immediate sense of pride of ownership while still leaving room for further modernization and rent growth.
Ideally positioned within walking distance to Downtown Santa Barbara’s shops, restaurants, and entertainment, this property offers an unparalleled living experience and long-term investment stability in one of California’s most sought-after coastal markets
Building Size
±5,438 SF
Lot Size
±8,276 SF
Units
10
Unit Mix
(8) 1BD/1BA; (2) 2BD/1BA
Price Per Unit
$395,000
Cap Rates
4.28% | 4.64% | 4.96%
GRM
13.83 | 13.14 | 12.56
NOI
$169,200
APN
029-221-014
Year Built
1956
Zoning
C-G
Parking
±8 Uncovered Spaces
Reach out to the broker for more info on lease terms and amenities
Getting around
-
82/100
Walk Score ®
-
50/100
Transit Score ®
-
96/100
Bike Score ®
Location
- City Santa Barbara, CA
- Neighborhood Laguna
- Zip Code 93101
- Market Central Coast
Points of Interest
-
Santa Barbara
0.88 miles
-
Zoo Train
1.89 miles
-
SBA Economy Lot 3
7.76 miles
-
SBA Economy Lot 2
7.79 miles
-
SBA Economy Lot 1
7.83 miles
-
SBA Terminal
7.88 miles
-
Goleta
8.35 miles
-
eVgo
0.31 miles
-
ChargePoint
0.34 miles
-
Santa Barbara Gas
0.68 miles
-
Arco
0.86 miles
-
Chevron
1.07 miles
-
Fuel Depot
2.22 miles
-
True Zero
3.15 miles
-
Conserv Fuel
3.15 miles
-
Village Service Station
3.76 miles
-
The Senior Lot
0.31 miles
-
City Lot #7 (Library Garage)
0.32 miles
-
Santa Barbara Historical Society Parking
0.33 miles
-
City Lot #8
0.33 miles
-
City Lot #6 (Granada Garage)
0.37 miles
-
The Junior Lot
0.37 miles
-
Cota Commuter Lot
0.44 miles
-
City Lot #3
0.44 miles
-
City Lot #2
0.45 miles
-
City Lot #10
0.45 miles
-
Spanish Garden Inn
0.12 miles
-
Canary, a Kimpton Hotel
0.46 miles
-
Hotel Santa Barbara
0.58 miles
-
Haley Hotel
0.60 miles
-
Simpson House Inn
0.63 miles
-
Holiday Inn Express Santa Barbara
0.68 miles
-
The Upham Hotel & Country House
0.68 miles
-
Presidio Motel
0.71 miles
-
Courtyard Santa Barbara Downtown
0.71 miles
-
The Wayfarer
0.81 miles
-
Presidio Liquor Market and Deli
0.32 miles
-
Marshalls
0.36 miles
-
Paseo Nuevo Mall
0.46 miles
-
Nordstrom
0.47 miles
-
Ralphs
0.54 miles
-
Smart & Final
0.57 miles
-
Tino's Italian Grocery
0.60 miles
-
Chapala Market
0.62 miles
-
Trader Joe's
0.92 miles
-
Santa Cruz Market
1.00 miles
