Investment - Homes for Sale in Santa Barbara, CA

Sunlit compound with panoramic views of the Santa Barbara Mission, harbor, Pacific Ocean, and Channel Islands. Set across three parcels, this exceptional property features two detached, single-level Mid-Century homes, each designed to capture the drama of the south-facing vista through walls of glass and clean architectural lines.949 Cheltenham offers 3BD/2BA (1,708 SF) of light-filled

Robert Heckes Sotheby's International Realty

Nestled in the heart of downtown Santa Barbara, Casa Valerio blends classic charm with modern sophistication. This extensively remodeled mixed-use property offers both residential comfort and exceptional investment potential. The second-floor residence spans +/-1,406 square feet and features 3 bedrooms, 2 bathrooms, a two-car garage, and two private decks, perfect for enjoying Santa Barbara's

Steve Epstein Keller Williams Realty Santa Barbara

Exceptional multifamily investment in the heart of Santa Barbara. This grand 4-unit property offers a desirable mix of single-level and two-story townhouse-style units, each with 3 bedrooms, 2 bathrooms, a fireplace, and carport parking. Ideally located near the Santa Barbara Bowl and Milpas Street's vibrant shops and restaurants, plus close to downtown Santa Barbara. The property has high tenant

Kevin Goodwin Goodwin & Thyne Properties

Prime downtown investment opportunity! This Andalusian-style duplex built in 2012 by the owner/architect, offers modern construction in an unbeatable location with a high walk score and ready access to 101 and public transportation. Each residence features 3 bedrooms, 3 full bathrooms, in-unit laundry, a private large rooftop terrace with city and mountain views, private patios,

Dan Crawford Berkshire Hathaway HomeServices California Properties

Ultra-rare waterfront-area 8-unit multi-family offering just a few steps to Santa Barbara's best beach East Beach, has been recently re-positioned for much higher investor returns. The property now has an investor-friendly 6 of 8 units under landlord control, almost impossible to find today. Featuring all 2-BR units, the property has been transformed mainly to licensed shorter-term rentals in

Ken Switzer Berkshire Hathaway HomeServices California Properties

An exceptional investment opportunity across from thebeach in Santa Barbara's coveted waterfront district. Thismixed-use property features the renowned Toma Restaurant& Bar—one of the city's most celebrated diningdestinations—and a charming single-family residenceoffering flexible use or rental income. Situated directlyalong Cabrillo Boulevard with stunning ocean views,

Nolan Tooley Hayes Commercial Group

Welcome to Arroyo House, a fully remodeled, turn-key investment property on a massive lot in Santa Barbara's highly sought-after Mesa community. Currently operating as premium student housing, Arroyo House serves students from SBCC, UCSB, and Westmont College. This exceptional property features 10 fully furnished rooms with 26 total beds, configured as (3) doubles, (5) triples, (1) quad,

Steve Golis Radius Group Commercial R.E.

Rare newer-construction mixed-use property in downtown Santa Barbara, uniquely suited for any combination of residential owner-occupant(s) / family compound / commercial owner-user / long-term investment hold. All separately metered, the 3 residential units at the back were built brand-new in 2015, and the 4th commercial unit in front was completely renovated in 2015. The residential mix is 2

Ken Switzer Berkshire Hathaway HomeServices California Properties

Exceptional Santa Barbara Bowl Investment Property -Priced to Sell! This gem offers stunning views, open floor plans, and single-story structures with an extra-large covered and open parking area. This incredible residential income property is a rare find!Welcome to this charming, one-of-a-kind investment property. The main house is approximately 880 sq. ft., featuring 3 bedrooms, 1

Shelley Cole Coldwell Banker Realty

Charming Victorian in Prime Santa Barbara LocationLovingly owned by the same family since 1968, this beautiful single-level Victorian home is ready for its next chapter — and a new owner to bring their vision to life. Relax on the inviting front porch and take in serene views of the Riviera and Santa Barbara Junior High. Enjoy easy access to State Street's vibrant mix of restaurants, shops,

Ruth Ann Bowe Village Properties - 1

740 Walnut Lane presents a rare chance to own a versatile property in a desirable Goleta neighborhood. The main residence offers 3 bedrooms, 2 bathrooms, and an attached 2-car garage. Above the garage, a spacious 950 sq. ft. 2-bedroom, 1-bath unit with its own private entrance provides apartment-style living and sweeping mountain views — ideal for extended family, long-term guests, or potential

Amanda Esparza Energy-Wise Realty

Situated on over half an acre in the heart of Santa Barbara, 1030/1032 E Mason presents a rare + versatile investment opportunity featuring three distinct structures: a church+ 1bedroom, 1-bath attached apt, a spacious SFR+a 6-unit apt building. 7of the 1 bd units operate as senior housing, offering a peaceful and private set-ting enhanced by lush landscaping and tall, mature palm trees. The

Steve Golis Radius Group Commercial R.E.

Turnkey investment opportunity with proven 30-day+ rental income. This stylish modern was finished in 2017. A 3BD/2BA home that offers nearly 2,000 sq ft of light-filled space with sleek finishes and expansive windows. The main level includes two bedrooms and a guest bathroom. The one-bedroom unit offers flexibility with a private entrance, patio, and kitchenette, providing additional income or

Todd Shea Berkshire Hathaway HomeServices California Properties

Charming fourplex just half a block from State Street and moments from Santa Barbara's Arts & Theatre district, Alice Keck Gardens, Alameda Park, and the bounty of shops and other services downtown has to offer. This two-story rental property features four 1BD/1BA units, each with their own deck. Additional features include two one-car garages, separate laundry room, and mature landscaping with

Christos Celmayster Hayes Commercial Group

Single story duplex that has been well maintained on a rare industrial zoned parcel. A national landscape company has over 4 years remaining on the industrial yard lease on the rear of the property. Current 2 bedroom one bath units are well below market at $1,800 and a 5.7% cap rate at the offering. Stable investment in Santa Barbara with solid returns.Contact Listing Agents for details.

Brad Frohling Radius Group Commercial R.E.

Rare offering of this timeless Colonial-style duplex in a prime location—just one property off State Street. With nearly 3,000 square feet of living space, the property presents a wealth of possibilities: live in one unit and rent the other, create an ideal setup for multigenerational living, or rent both units for strong income potential. The expansive 3-car garage offers additional

Stephanie Young Berkshire Hathaway HomeServices California Properties

Investment Opportunity in Prime Santa Barbara Location!Don't miss this rare chance to own a versatile duplex zoned R-4 (Residential Multi-Unit) in the heart of Santa Barbara! Perfectly situated just minutes from Santa Barbara City College,Downtown and the beach, this property offers an unbeatable blend of convenience, lifestyle, and income potential.potencial living spaces ideal

Luis D Martinez Sotheby's International Realty

Downtown Santa Barbara, mixed use Spanish Style building with 5614 sq feet of rented office/commercial space with a new buildout, high ceilings, open floor plan, and private office spaces. An additional 1911 sq foot, plus large deck space, Spanish Style residential penthouse with 2 bedrooms, 2 baths, full kitchen, and roof deck and 360 views of Santa Barbara. Located on Chapala and Victoria, 1

Robert Sandefer The Agency

Outstanding to Experience, Newly Renovated 270 degree Panoramic View Sanctuary in Montecito. Impressive Gated Estate with enchanting and flexible living space, 5 to 6 Bedrooms & 6 Baths + Offices and huge terraces, offering elegance on 3.3 acres with tranquility & no neighbors in sight, yet minutes to town. Both a home and an investment providing a fantastic value for those seeking luxury in a

Sherry Lawson Sotheby's International Realty

Santa Barbara's Hidden Treasure A Rare Lifestyle & Investment Opportunity Discover an exclusive chance to own property in one of Santa Barbara's most sought-after neighborhoods, conveniently adjacent to Montecito. This adaptable multi-residence estate presents remarkable possibilities for a high-end renovation, investment, or extended family living.The primary residence includes two bedrooms, one

Michael Hebert Douglas Elliman

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,

Jon Standring Beachside Partners