618 Olive Street, Santa Barbara, CA 93101 - Berkshire Hathaway HomeServices California Properties

618 Olive Street, Santa Barbara, CA 93101

$3,795,000 Approx. USD 0 beds, 0 baths

Listing Agent


Jonathan P Standring
Lic#: 01893163
Broker: Courtesy of Beachside Partners

Co Listing Agent


Lori Zahn | lori@beachsidepartners.com
Lic#: 01914851
Broker: Courtesy of Beachside Partners

Agent Remarks

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, 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.

Listing Details

Property type: (Residential Income)
Status: Active
MLS# 24-3988
Price: $3,795,000
Beds: 0
Baths: 0
Built in 2024
2 stories
0.23 acres
Lot size: 0.2300
Subdivision: 15 or 20 - Downtown
County: Santa Barbara
Zoning: C-M
MLS area: 15 - SB/EAST OF STATE

Last Updated: 4/18/2025

 Days On Market (DOM): 194

 Find more SANTA BARBARA homes and real estate

 Find more homes in 93101 zip code

This listing belongs to the 15 - SB/EAST OF STATE MLS area

 Find more homes in the 15 or 20 - Downtown subdivision

Lat/Long: 34.423718, -119.691395.
Find nearby listings

DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

93101 Area Map

Demographics

Schools

Near by

Similar Listings