618 E Olive

Santa Barbara, CA 93101

  • 0 Bed(s)
  • 0 Bath(s)
  • 6,000 Sqft
  • 10018.8
    Sqft(Lot)
$3,795,000

Description

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.

  • Property Type

    Residential Income

  • County

    Santa Barbara

  • Style

    Residential Income

  • AD ID

    48225237

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Property Details

  • Bathroom Information

    • Total Baths: 0

    Interior Features

    • Fireplace: None
    • Flooring: Carpet,Laminate,Tile

    Cooling Features

    • Air Conditioning

    Heating Source

    • Has Heating

    Fireplace

    • Fireplace Features: None
    • Has Fireplace: 0

  • Building Information

    • Year Built: 2024
    • Building Area Total: 6,000

    Pool Features

    • None

    Laundry Features

    • See Remarks

    Fencing

    • Masonry,See Remarks

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.23
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 10018.8

  • Listing Price Information

    • Original List Price: 3,795,000
    • Listing Contract Date: 2025-01-03

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 031171009

  • Garage and Parking

    • Garage Description: None

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: VC81 - Santa Barbara
    • Directions: Downtown Santa Barbara
    • Zoning: C-M
    • Source Property Type: Residential Income
    • Area: VC81 - Santa Barbara

    Building and Construction

    • Property Age: 1
    • Common Walls: 1 Common Wall,No One Above,No One Below
    • Year Built Source: See Remarks
    • Property Attached: Yes
    • Levels or Stories: Multi/Split
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BuyOwner last updated this listing 01/21/2025 @ 05:56

  • MLS: V1-27351
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 6,000 sqft, 10,019 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Santa Barbara , in zip code 93101, this Santa Barbara County Home are nearby neighborhoods.