CA > Santa Barbara > 15 Or 20 - Downtown
Santa Barbara, CA 93101,618 Olive ST Street
Santa Barbara, CA 93101,618 Olive ST Street
Santa Barbara, CA 93101,618 Olive ST Street
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Sun
28
Sep
Mon
29
Sep
Tue
30
Sep
$3,795,000
Est. payment /mo
10,018 Sqft Lot
Save

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Pending

Purchase Type For Sale

Subdivision 15 Or 20 - Downtown

MLS Listing ID 24-3988

Year Built 2024

Lot Size 10,018 Sqft

Acres 0.23

Lot Dimensions 10018.8

Source Santa Barbara Multiple Listing Service

Property 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.

Location

State CA

County Santa Barbara

Community 15 Or 20 - Downtown

Others

Tax ID 031-171-009

Acceptable Financing Cash, Ctnl

Listing Terms Cash, Ctnl

Read Less Info
Listed by Beachside Partners
John Herkenrath

"John takes great pride in helping his clients through every step of the buying and selling process. Leveraging two decades of experience in pre-construction, new home sales and market sales exclusive representation. his vast knowledge in brokering home sales within luxury communities and new developments has proven invaluable to his clients."

+1(310) 221-2910

johnherkenrath@epiquerealty.com

8383 Wilshire Blvd #800 Beverly Hills CA 90211

GET MORE INFORMATION

Name
Phone*
Message
I agree by electronic signature to the Electronic Disclosure Consent; to receive recurring marketing communication from or on behalf of John Herkenrath, including auto-dialed calls, texts, and artificial/prerecorded voice messages (consent not required to make a purchase; data rates may apply; reply “STOP” to opt-out of texts or ‘HELP” for help); and to the Terms of Service and Privacy Policy of this website. I understand that I can call to obtain direct assistance.

Go tour this home

618 Olive ST Street

QUICK SEARCH CA
VIEW MORE
};