DeAnn Rochelle
Keller Williams Realty Santa Barbara
(805) 617-1145
8 Total Sales
1 in Eastside
$1,475,000 Price
618 Olive St Santa Barbara, CA 93101
Eastside Neighborhood
--
Bed
--
Bath
--
Sq Ft
10,019
Sq Ft Lot
About This Home
As of November 2025Located 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.
Last Agent to Sell the Property
Beachside Partners License #01893163 Listed on: 01/02/2025
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 2024
Lot Details
- 10,019
Schools
- Franklin Elementary School
- S.B. Jr. Middle School
- S.B. Sr. High School
Additional Features
- 2-Story Property
- 10,019 Sq Ft Lot
Community Details
- 6 Units
- 15 Or 20 Downtown Subdivision
Listing and Financial Details
- Assessor Parcel Number 031-171-009
- Seller Considering Concessions
Ownership 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
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 2, 2025
Closed on
Oct 31, 2025
Sold by
Bought by
Seller's Agent
Jon Standring
Beachside Partners
Buyer's Agent
Jon Standring
Beachside Partners
List Price
$3,795,000
Sold Price
$3,650,000
Premium/Discount to List
-$145,000
-3.82%
Views
65
Purchase Details
Closed on
Aug 16, 2019
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$980,000
Interest Rate
4.25%
Mortgage Type
Second Mortgage Made To Cover Down Payment
Purchase Details
Closed on
Oct 10, 2007
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,120,000
Interest Rate
6.4%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Sep 27, 2007
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,120,000
Interest Rate
6.4%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Sep 13, 2007
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,120,000
Interest Rate
6.4%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Aug 9, 2004
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Eastside, CA
-
DeAnn Rochelle
-
Sandra Jones
Sandra Jones
BHGRE Property Shoppe
(805) 465-6054
49 Total Sales
3 in Eastside
$925K - $1.3M Price Range
-
Chris Palme
Chris Palme
Sotheby's International Realty
(805) 262-8876
17 Total Sales
1 in Eastside
$2,785,000 Price
-
Kevin Goodwin
Kevin Goodwin
Goodwin & Thyne Properties
(805) 979-2658
52 Total Sales
3 in Eastside
$1.4M - $2M Price Range
-
Summer Knight
Summer Knight
Responds QuicklySun Coast Real Estate
(805) 335-6908
141 Total Sales
1 in Eastside
$1,430,000 Price
-
Tiffany Dore
Tiffany Dore
Village Properties
(805) 324-6641
23 Total Sales
7 in Eastside
$1.1M - $2.2M Price Range
Purchase 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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $3,650,000 | Wfg National Title | ||
| $1,400,000 | Fidelity National Title Co | ||
| -- | Fidelity National Title Co | ||
| -- | Equity Title Company Santa B | ||
| -- | Equity Title Company Santa B | ||
| -- | Equity Title Company Santa B | ||
| -- | -- |
Source: Public Records
Mortgage 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 | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $980,000 | ||
| Previous Owner | $1,120,000 |
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 |
|---|---|---|---|---|
| 11/07/2025 11/07/25 | Sold | $3,650,000 | -3.8% | -- |
| 09/19/2025 09/19/25 | Pending | -- | -- | -- |
| 01/02/2025 01/02/25 | For Sale | $3,795,000 | -- | -- |
Source: Santa Barbara Multiple Listing Service
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 | $26,435 | $3,650,000 | $1,553,000 | $2,097,000 |
| 2025 | $22,856 | $2,501,375 | $1,228,108 | $1,273,267 |
| 2023 | $22,856 | $1,471,648 | $1,156,295 | $315,353 |
| 2022 | $15,355 | $1,442,793 | $1,133,623 | $309,170 |
| 2021 | $15,003 | $1,414,504 | $1,111,396 | $303,108 |
| 2020 | $14,848 | $1,400,000 | $1,100,000 | $300,000 |
| 2019 | $14,075 | $1,324,000 | $967,000 | $357,000 |
| 2018 | $13,876 | $1,298,000 | $948,000 | $350,000 |
| 2017 | $13,033 | $1,236,000 | $903,000 | $333,000 |
| 2016 | $12,382 | $1,177,000 | $860,000 | $317,000 |
| 2014 | $10,330 | $973,000 | $711,000 | $262,000 |
Source: Public Records
Agents Affiliated with this Home
-
Jon Standring
Seller's Agent in 2025
Jon Standring
Beachside Partners
(805) 705-7311
6 in this area
54 Total Sales
-
Lori Zahn
Seller Co-Listing Agent in 2025
Lori Zahn
Beachside Partners
(805) 626-3150
4 in this area
16 Total Sales
Map
Source: Santa Barbara Multiple Listing Service
MLS Number: 24-3988
APN: 031-171-009
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