1124 Castillo St Santa Barbara, CA 93101
Estimated payment $26,532/month
Highlights
- Property is near an ocean
- Property is near a park
- Furnished
- Santa Barbara Senior High School Rated A-
- Wood Flooring
- Patio
About This Home
Newly constructed, boutique, short-term rental property in central downtown Santa Barbara location. Villa Castillo is a five-suite boutique short-term vacation rental property in downtown Santa Barbara, a half-mile to State Street and moments from the famed Funk Zone and white sand beaches. One of only a few fully permitted short term rental properties allowed in the downtown area, Villa Castillo was completed in May of 2020 with great attention to detail and has been meticulously maintained by the current owner. The property consists of two large 2BD/2BA suites, each with a full kitchen and their own private laundry, plus three studio suites, each with their own kitchenette and a shared laundry facility. All suites offer plentiful natural light, high ceilings, and modern, fully renovated interiors. Amenities include high-speed internet access, air conditioning, BBQs and Tesla charging station. This is a turnkey opportunity for the investor looking to expand their short-term rental portfolio and capitalize on the approximately 7.2 million visitors to Santa Barbara, or for a buyer looking for their pied-a-terre in Santa Barbara that not only supports their ownership costs but generates income on their investment.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $37,068
Year Built
- Built in 2020
Lot Details
- 10,558 Sq Ft Lot
- Property is in excellent condition
Interior Spaces
- 3,459 Sq Ft Home
- 1-Story Property
- Furnished
- Fire Sprinkler System
Flooring
- Wood
- Vinyl Plank
Laundry
- Laundry Room
- Dryer
- Washer
Parking
- 7 Open Parking Spaces
- 7 Parking Spaces
Accessible Home Design
- Wheelchair Access
Outdoor Features
- Property is near an ocean
- Patio
Location
- Property is near a park
- Property is near public transit
- Property near a hospital
- Property is near shops
- Property is near a bus stop
Schools
- Cla Elementary And Middle School
- Cla High School
Utilities
- Forced Air Heating and Cooling System
- Cable TV Available
Community Details
- 5 Units
- 15 Or 20 Downtown Subdivision
Listing and Financial Details
- Assessor Parcel Number 039-212-035
- Seller Considering Concessions
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $37,068 | $3,570,964 | $1,167,328 | $2,403,636 |
| 2023 | $37,068 | $3,432,300 | $1,122,000 | $2,310,300 |
| 2022 | $35,772 | $3,365,000 | $1,100,000 | $2,265,000 |
| 2021 | $14,238 | $1,340,140 | $1,025,414 | $314,726 |
| 2020 | $13,945 | $1,311,400 | $1,014,900 | $296,500 |
| 2019 | $11,416 | $1,070,000 | $995,000 | $75,000 |
| 2018 | $51 | $1,077,733 | $567,229 | $510,504 |
| 2017 | $49 | $1,056,602 | $556,107 | $500,495 |
| 2016 | $48 | $1,043,235 | $545,203 | $498,032 |
| 2014 | $47 | $1,016,110 | $526,495 | $489,615 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/08/2025 08/08/25 | Pending | -- | -- | -- |
| 05/21/2025 05/21/25 | Price Changed | $4,400,000 | -5.4% | $1,272 / Sq Ft |
| 03/06/2025 03/06/25 | For Sale | $4,650,000 | -- | $1,344 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $3,465,000 | First American Title Company | |
| Grant Deed | $1,070,000 | Fidelity National Title Co | |
| Grant Deed | $596,000 | First American Title Company |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $3,292,250 | Commercial | |
| Previous Owner | $1,300,000 | Commercial | |
| Previous Owner | $550,000 | Construction | |
| Previous Owner | $550,000 | New Conventional | |
| Previous Owner | $500,000 | Credit Line Revolving | |
| Previous Owner | $500,000 | Credit Line Revolving |
Source: Santa Barbara Multiple Listing Service
MLS Number: 25-953
APN: 039-212-035
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