Estimated payment $27,555/month
Highlights
- Property is near an ocean
- Property is near park, public transit, shops, and bus stop
- Patio
- Santa Barbara Senior High School Rated A-
- Wood Flooring
- Laundry Room
About This Home
Casa Castillo presents a rare opportunity to acquire a fully permitted, five-suite boutique hotel in the heart of downtown Santa Barbara. Ideally situated just half a mile from State Street and minutes from the vibrant Funk Zone, beaches, shopping, and an abundance of dining and entertainment options, the property offers an exceptional location in one of California's most desirable coastal destinations. As one of a limited number of fully permitted short-term rental properties in Santa Barbara's downtown core, Casa Castillo represents a unique opportunity to acquire a turnkey hospitality investment with an established operating platform and attractive cash flow. Occupancy of 80% at a $496 ADR and a 6.5% Cap Rate 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-à-terre in Santa Barbara that not only supports their ownership costs but generates income on their investment.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 2020
Home Design
- 3,459 Sq Ft Home
Flooring
- Wood
- Vinyl Plank
Laundry
- Laundry Room
- Dryer
- Washer
Parking
- 7 Open Parking Spaces
- 7 Parking Spaces
Outdoor Features
- Property is near an ocean
- Patio
Location
- Property is near park, public transit, shops, and bus stop
- Property near a hospital
Schools
- Cla Elementary And Middle School
- Cla High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
Additional Features
- Wheelchair Access
- Property is in excellent condition
Community Details
- 5 Units
Listing and Financial Details
- Assessor Parcel Number 039-212-035
- Seller Considering Concessions
Home Values in the Area
Average Home Value in this Area
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 | $37,713 | $3,800,000 | $1,520,000 | $2,280,000 |
| 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
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 |
|---|---|---|---|---|---|
| 09/18/2026 09/18/26 | For Sale | $4,600,000 | +21.1% | $1,330 / Sq Ft | |
| 10/15/2025 10/15/25 | Sold | $3,800,000 | -13.6% | $1,099 / Sq Ft | View Prior Sale |
| 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
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $3,800,000 | Fidelity National Title Compan | |
| 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
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 | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $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: 26-3148
APN: 039-212-035
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
This information is being provided for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that you may be interested in purchasing. Data relating to real estate for sale on this Website comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. All information is deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither the Santa Barbara Multiple Listing Service nor the listing broker(s) shall be responsible for any typographical errors, misinformation, or misprints.
Copyright 2026 Santa Barbara Multiple Listing Service. All rights reserved.
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