$2,195,000
$204K PRICE DROP

Estimated payment $13,770/month

Total Views 23,356
-- Bed
-- Bath
4,870 Sq Ft
$451 Price per Sq Ft

Highlights

  • Property is near park, public transit, shops, and bus stop
  • Santa Barbara Senior High School Rated A-
  • Laundry Room

About This Home

Prime Downtown Santa Barbara 6-Unit Investment Property!
Originally built in the 1920s, this charming two-story building blends classic character with modern appeal, boasting approximately 4,870 sqft of living space across its 6 units. The building is fully occupied and includes two one-bedroom, one-bath units and four studio apartments with current rents at $10,585 per month. Sitting on a 9,148 SF lot, this asset offers a strong history of proven rental performance. Immaculately cared for and ready for the next chapter, it presents strong income potential in one of the most desirable and walkable locations in town.

Listing Agent

Sean McIver

Compass License #02017526 Listed on: 03/25/2026

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 9,148 Sq Ft Lot
  • Property is in good condition

Home Design

  • Raised Foundation

Interior Spaces

  • 4,870 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Location

  • Property is near park, public transit, shops, and bus stop
  • Property near a hospital

Schools

  • Peabody Elementary School
  • S.B. Jr. Middle School
  • S.B. Sr. High School

Listing and Financial Details

  • Assessor Parcel Number 039-052-017
  • Seller Considering Concessions

Community Details

Overview

  • 6 Units
  • 15 Or 20 Downtown Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Insurance Expense $6,971
  • Gross Income $127,020

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

9,148 Sq Ft Lot

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1920
  • Income Expenses Annual Income: 127020.0
  • Monthly Income: 10585.0
  • Miscellaneous Parking Spaces: 6.0
  • Building Stories: 2
  • ResoLaundryFeatures: Laundry Room, Bldg
  • ResoLotFeatures: Near Public Transit
  • Subdivision Name: 15 or 20 - Downtown
  • New Construction: No
  • Reso Property Condition: Good
  • Property Information Year Built2: 1920
  • Property Information Apx # Acres: 0.21
  • NeighborhoodSchools Elementary School: Peabody
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • Parking Info Total # Unconvered Spaces: 6.0
  • Proximity Near Park(s)2: Yes
  • Laundry Laundry Room2: Yes
  • Property Information Main House SqFt: 4870.0
  • Proximity Near Shopping2: Yes
  • Condition Good2: Yes
  • Proximity Near Bus: Yes
  • Proximity Near Hospital2: Yes
  • General Property Information Stories2: 2.0
  • Foundation Raised2: Yes
  • Laundry Bldg: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Exterior Features

  • Acres: 0.21
  • Foundation Details: Raised

Garage/Parking

  • Open Parking Spaces: 6.0
  • Parking Features: Outside
  • Total Parking Spaces: 6.0

Schools

  • Elementary School: Peabody
  • High School: S.B. Sr.
  • Middle Or Junior School: S.B. Jr.

Lot Info

  • Parcel #: 039-052-017
  • Zoning: R-4
  • Lot Size Sq Ft: 9147.6
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 6
  • Annual Gross Income: 127020.0
  • Insurance Expense: 6971.0
  • Total Actual Rent: 10585.0

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $23,808 $2,297,100 $1,581,000 $716,100
2025 $23,808 $2,252,100 $1,550,000 $702,100
2023 $2,114 $189,854 $84,807 $105,047
2022 $2,039 $186,174 $83,145 $103,029
2021 $1,989 $182,565 $81,515 $101,050
2020 $1,969 $180,716 $80,680 $100,036
2019 $1,935 $177,215 $79,099 $98,116
2018 $1,907 $173,783 $77,549 $96,234
2017 $1,845 $170,418 $76,029 $94,389
2016 $1,884 $167,119 $74,539 $92,580
2014 $1,836 $161,458 $71,982 $89,476
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/27/2026 06/27/26 Price Changed $2,195,000 -2.4% $451 / Sq Ft
04/20/2026 04/20/26 Price Changed $2,250,000 -6.2% $462 / Sq Ft
03/25/2026 03/25/26 For Sale $2,399,000 +6.6% $493 / Sq Ft
11/08/2024 11/08/24 Sold $2,250,000 0.0% -- View Prior Sale
09/29/2024 09/29/24 Pending -- -- --
09/12/2024 09/12/24 For Sale $2,250,000 -- --
Source: Santa Barbara Multiple Listing Service

Source: Santa Barbara Multiple Listing Service

MLS Number: 26-972

Santa Barbara Multiple Listing Service
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