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For sale
  • $3,795,000

    618 Olive St, Santa Barbara, CA 93101

    6beds
    3baths
    --sqft
    : 
    Multi Family
    Built in 2024
    -- sqft lot
    $3,540,200 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    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.
    221 days
    on Zillow
    |
    238
    |
    11
    |

    Zillow last checked: 7 hours ago

    Listing updated: April 08, 2025 at 11:22am

    Listed by:

    Jonathan P Standring 01893163 805-453-5097,

    Beachside Partners,

    Lori Zahn 01914851 805-451-2712,

    Beachside Partners

    Source: SBMLS,MLS#: 24-3988MLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 618 Olive St.

    Next available tour time:Today at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 3
    Features
    • Has fireplace: No

    Property

    Features
    • Stories: 2
    Lot
    • Size: 10,018.8 Square Feet
    Details
    • Parcel number: 031171009
    • Zoning: C-M

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • Year built: 2024

    Community & HOA

    Community
    • Subdivision: 15 or 20 - Downtown
    Location
    • Region: Santa Barbara

    Financial & listing details

    • Date on market: 1/2/2025
    • Listing terms: Cash,Ctnl
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