For sale
  • $3,795,000

    618 Olive St, Santa Barbara, CA 93101

    6beds
    3baths
    --sqft
    : 
    Multi Family
    Built in 2024
    -- sqft lot
    $3,726,000 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.
    232 days
    on Zillow
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    230
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