Property Details
About this Property
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.
MLS Listing Information
MLS #
CRV1-27351
MLS Source
California Regional MLS
Days on Site
4
Interior Features
Flooring
Laminate
Exterior Features
Pool
None
Parking, School, and Other Information
Garage/Parking
No Parking, Garage: 0 Car(s)
HOA Fee
$0
Contact Information
Listing Agent
Jonathan Standring
Beachside Partners
License #: 01893163
Phone: (805) 626-0112
Co-Listing Agent
Lori Zahn
Lori Zahn, Broker
License #: 01914851
Phone: (805) 626-3150
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 4 | 6 | – |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 900 | – | 0/0 | – |
| 2 | 1,100 | – | 0/0 | – |
618 E Olive is a Residential Income in Santa Barbara, CA 93101. This – square foot property sits on a 0 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $3,795,000 and was built in 2024. This address can also be written as 618 E Olive, Santa Barbara, CA 93101.
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This listing information is up-to-date as of January 03, 2025. For the most current information, please contact Jonathan Standring, (805) 626-0112
