$3,795,000

618 E Olive, Santa Barbara, CA 93101

  • 10 beds
  • 6,000 sqft
  • Property Icon other
  • Property Year Built Icon Built in 2024
  • Property Lot Size Icon10,019sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $633/sqft
  • Property List Date Icon Listed 10 months ago

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.

Listing Status:
Active
Date Added:
January 2, 2025 at 06:00AM
Listing Office:
Beachside Partners : 805-453-5097
Listing Agent:
Jonathan Standring : 805-626-0112
MLS ID:
CRV1-27351
  • Laundry: See Remarks
  • Flooring: LaminateTileCarpet
  • General: OtherSee Remarks
  • Parking: None
  • HOA Amenities: 0.0
  • County: Santa Barbara
  • Zoning: C-M031171009
  • View: None

This listing courtesy of Jonathan Standring, Beachside Partners

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

F

Franklin Elementary School

1111 E Mason St, Santa Barbara, CA, 93103

Grades PK-6

0.76 miles away

S

Santa Barbara Junior High School

721 E Cota St, Santa Barbara, CA, 93103

Grades 7-8

0.25 miles away

A

Alta Vista Alternative High School

215 E Ortega St, Santa Barbara, CA, 93101

Grades 9-12

0.30 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.