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$3,795,000

Beds
Unknown
sq ft
Unknown

618 Olive St, Santa Barbara, CA 93101

618 Olive St

Santa Barbara, CA 93101

  • 30 days on market
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.

Details

Property type

Property condition

New Construction

Lot size

0.23 acres

Price per sq ft

Unknown

Year built

2024

Price History

01/02/2025
CRMLS

CRMLS #V1-27351

Listed
$3,795,000

Schools & Community

Neighborhood: 

Laguna

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Park

Status: Active

Tomo last checked: 02/01/2025 at 2:55 PM

Listing updated: 01/23/2025 at 4:02 PM

Listed by: Jonathan Standring, Beachside Partners Phone #: (805) 453-5097

MLS: CRMLS #V1-27351

CRMLS logo

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